215 3rd St Tama, IA 52339-2307
This exceptional 2,000-square-foot commercial property, located at 215 W 3rd Street in Tama, Iowa, presents a unique investment opportunity. The single-story building offers versatile space suitable for a variety of uses, including multi-family residential, retail, or office space. The property boasts a recently installed metal roof, ensuring long-term durability and low maintenance. Inside, you'll find a welcoming waiting room and five well-appointed office areas, ideal for a professional setting. Two remodeled half-bathrooms provide convenient amenities. The building is equipped with a forced-air heating and central air conditioning system, ensuring year-round comfort. Previously utilized as an attorney's office, this property is ready for its next chapter. Its adaptable layout and prime location in Tama make it an attractive prospect for both established businesses and new ventures. The asking price is $70,000. This represents a compelling opportunity to acquire a well-maintained commercial building in a desirable location. Don't miss out on this chance to own a piece of Tama's commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.