Property profile

2003 1St Ave E Newton, IA 50208

FOR SALE
Commercial land
Property ID
US25-1616519
1.06 ac lot
Individually Owned Absentee Owner Free & Clear
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2003 1St Ave E, Newton, IA 50208 For Sale
$206,900
2003 1St Ave E, Newton, IA 50208
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Property summary

AI-generated overview

This exceptional 1.59-acre commercial lot, located at 2003 1st Avenue E in Newton, Iowa, presents a unique investment opportunity. The property, identified by APN 0835251028, is zoned C-A, offering considerable flexibility for various commercial ventures. The lot boasts a substantial size of 68,563 square feet and features city water and sewer connections, along with concrete streets and readily available electricity. Situated in Jasper County, this property benefits from convenient access to essential infrastructure and services. The asking price is $206,900. This is an active listing, and the property is not a Real Estate Owned (REO) asset. The property is located within the Newton MLS area and offers significant potential for development given its size and zoning. Serious inquiries are encouraged. This is a rare opportunity to acquire a sizable commercial lot in a desirable location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.06 ac (46,173 SF)
APN 835251028
UPID US25-1616519

Cap rate & NOI

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

Location

2003 1St Ave E Newton, IA 50208
Newton metro Census 40400 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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