Property profile

1501 15th E Ave Newton, IA 50208

OFF-MARKET
Flex space
Property ID
US25-1706611
22,500 SF 2.57 ac lot Built 2006
Individually Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 22,500 square foot industrial/office building presents a fantastic opportunity in Newton, IA. Situated on a generous 2.57-acre lot, this well-maintained property offers flexible use potential and significant expansion capabilities. The building's design facilitates easy addition at the end, making it ideal for future growth. Enjoy convenient access to major transportation arteries, including I-80 and Highway 14, ensuring seamless logistics and accessibility. The interior boasts a clear height of 12'4" to the bottom of the steel beams in the center, and 11' on the sides, with a height between beams of 15' in the center and 13' on the sides. This provides ample space for various industrial or office configurations. The property is offered for sale at $877,500. Additionally, lease options are available at a rate of $4.50 per square foot, NNN, annually. A lease-to-purchase agreement may also be considered, offering flexibility for potential buyers. This prime location and versatile space make this an attractive investment opportunity for businesses seeking a strategic foothold in the Newton market. Don't miss this chance to acquire a high-quality, expandable commercial property with excellent access to major transportation routes.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2006
Total area 22,500 SF
Lot 2.57 ac (111,949 SF)
APN 826176014
UPID US25-1706611

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1501 15th E Ave Newton, IA 50208-1802
Newton metro Census 40300 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.42M
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$720k

Owner & transaction history

since 2007
1 recorded transaction
2007
$306,000

Zoning & alternative use

Top alternative use upside
Medical building $2.2M +83.0%
Restaurant $2.0M +69.3%
Warehouse, storage $1.9M +60.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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