Property profile

1618 15th E Ave Newton, IA 50208

OFF-MARKET
Warehouses
Property ID
US25-2405414
10,000 SF 1.6 ac lot Built 2001
Individually Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2001
Total area 10,000 SF
Lot 1.6 ac (69,696 SF)
APN 826126010
UPID US25-2405414

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor
  • Consultant

Location

1618 15th E Ave Newton, IA 50208-1801
Newton metro Census 40300 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2005
1 recorded transaction
2005
$237,500

Zoning & alternative use

Top alternative use upside
Office building $1.0M +18.3%
Medical building $980,000 +14.3%
Restaurant $905,000 +5.7%

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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