1611 19th E Ave Newton, IA 50208
This exceptional investment opportunity presents a well-established self-storage facility in Newton, Iowa. Boasting a substantial 36,240 square feet of rentable space situated on a generous 3.01-acre lot, this property offers significant potential for continued growth and profitability. The facility has a proven track record of success, having operated as a thriving business for 18 years, demonstrating consistent revenue generation and a strong tenant base. The property's established operational history minimizes the risk associated with new ventures, making it an attractive option for investors seeking a turnkey business with immediate cash flow. The location in Newton, IA, provides convenient access for the local community and surrounding areas, ensuring consistent demand for storage units. This is a rare opportunity to acquire a profitable, established business with a long history of success, offering a solid foundation for future expansion and increased returns. The asking price of $2,300,000 reflects the property's exceptional value and potential. This is a prime investment for those seeking a stable, high-yield asset in a desirable location. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.