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Property profile & analytics
OFF-MARKET Estimated value $3,385,000
Retail space

1650 Washington St Pella, IA 50219-7547

100,811 SF 16.48 ac lot Built 2006
Entity Owned Free & Clear
Property ID
US25-0464320
Property summary
AI-generated overview

This exceptional 1.05-acre commercial outlot, located at 1650 Washington Street in Pella, Iowa, presents a remarkable investment opportunity. Situated in a thriving commercial area, this property boasts a CC Community Commercial zoning designation, offering a wide array of potential uses. The possibilities include retail establishments, restaurants with drive-thru capabilities, and office or professional service spaces. Its strategic location provides excellent visibility and accessibility, benefiting from its proximity to a major retailer, Walmart, and other established businesses such as Dollar Tree, Maurices, Great Clips, and Maid Rite. The property's convenient location near Pella Regional Health Center further enhances its appeal and potential for attracting a diverse clientele. This versatile parcel offers significant potential for developers and investors seeking a prime location in a growing community. The 1.05-acre lot size provides ample space for a variety of development projects, making it an ideal opportunity to establish a successful business venture in a high-traffic area. The property's zoning and location combine to create a compelling investment proposition in a desirable Iowa market. This is a rare opportunity to acquire a well-positioned commercial property in a thriving community. The property is located in Marion County, Iowa, with a zip code of 50219.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Total area 100,811 SF
Lot 16.48 ac (717,869 SF)
APN 1739704005
UPID US25-0464320
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
Current use
Occupant on record · Public records
  • Walmart House Cleaning Services Hardware & Home Improvement
  • MoneyGram Bank Credit Union
  • Walmart Home Theater Installation Electrical Service General Contractor
  • Walmart Home Services Social Service Agency
  • Walmart Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.28M
Blend (final) Blend
$3.39M
Owner & transaction history
WALMART PROPERTY TAX DEPT
WALMART PROPERTY TAX DEPT
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $5.1M +11.9%
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