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Property profile & analytics
OFF-MARKET Estimated value $620,000
Warehouses

1611 19th E Ave Newton, IA 50208

4,320 SF 3.01 ac lot Built 2006
Individually Owned Absentee Owner Free & Clear
Property ID
US25-1560112
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2006
Construction FRAME
Total area 4,320 SF
Lot 3.01 ac (131,116 SF)
APN 826126008
UPID US25-1560112
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
$820k
Comparable Approach Comparable
$619k
Blend (final) Blend
$620k
Owner & transaction history
PAUL R PARMLEY
PAUL R PARMLEY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $460,000 +24.6%
Office building $440,000 +18.3%
Medical building $425,000 +14.3%
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