Property summary
This exceptional 9,216 square foot office building, situated on a 0.45-acre lot at 1715 1st Avenue E in Newton, Iowa, presents a compelling investment or lease opportunity. Currently, a portion of the building (4,000 square feet) is occupied by Kinetic Edge Physical Therapy, a tenant experiencing significant growth and planning a relocation. This presents a unique chance for a new tenant to either lease the available space directly from the landlord or potentially assume the existing lease. The building boasts a highly visible location, ensuring excellent exposure for any business. Prospective tenants should be prepared to demonstrate a strong lease and credit history. The building itself is a newer construction, offering high-quality space and easy accessibility. While the occupancy date may be subject to a slight delay to accommodate the current tenant's move, this presents a chance to secure a desirable space in a thriving location. The property offers significant potential for a business seeking a prominent presence in Newton. Serious inquiries are encouraged. The asking price for the entire property is $12 million.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
and get 1 Light Report
- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning