1127 12Th St Newton, IA 50208
- Retail space
- 744 SF
- 0.35 lot acres
Current Use by Public Records
- Retail space
Property Details for 1127 12Th St
- Year built
- 1976
- Construction
- FRAME
- Lot size
- 0.35 lot acres
- Property size
- 744 SF
- Property type
- Retail space
- APN
- 827279012
- APU
- 827279012
Description
This exceptional Newton, IA commercial property presents a unique investment opportunity. The offering encompasses two parcels totaling 0.53 acres, featuring four buildings with a combined 5,329 square feet of versatile space. Parcel 1 (0827279012) includes three buildings, offering a total of 3,001 square feet. Parcel 2 (0827279011) comprises a single building spanning 2,328 square feet. The property boasts eight existing rental units, with significant potential for expansion and additional units on the main building. The existing structures offer a diverse range of spaces, including water access, two furnaces, overhead doors, ample storage, dedicated workspace, and office areas suitable for retail or other commercial uses. The flexible layout and multiple buildings provide exceptional adaptability for a variety of business ventures or rental income streams. This property's location in Newton, IA, offers excellent access to local amenities and transportation networks. The combination of existing income potential and expansion possibilities makes this a compelling investment opportunity for discerning buyers seeking a high-return property. The asking price is $225,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $215,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $215,000
- Mixed-Use
- $185,000
- Hospitality
- $255,000
- Educational
- $235,000
- Residential Income
- $215,000
- Energy
- $185,000
- Income-Based Land
- $225,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Jasper
- State
- Iowa
- Longitude
- -93.0393
- Latitude
- 41.7109
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA