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Property profile & analytics
OFF-MARKET
Estimated value
$21,350,000
Manufacturing properties
2300 33rd E, Newton, IA 50208-8261
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-1867963
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
2008
Total area
336,482 SF
Lot
33.13 ac (1,443,143 SF)
APN
823226002
UPID
US25-1867963
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.23M
Comparable Approach
Comparable
$21.48M
Blend (final)
Blend
$21.35M
Owner & transaction history
Ilpt Newton Iowa LLC
Ilpt Newton Iowa LLC
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$34.1M
+89.4%
Medical building
$32.9M
+83.0%
Restaurant
$30.5M
+69.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,995,000
6.5%
$21,225,000
7%
$19,710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$18,000,000
Current use
OFFICE BUILDING
$34,100,000
Change: +89% · Conversion: Difficult
MEDICAL BUILDING
$32,945,000
Change: +83% · Conversion: Difficult
RESTAURANT
$30,470,000
Change: +69% · Conversion: Difficult
WAREHOUSE, STORAGE
$28,825,000
Change: +60% · Conversion: Easy
Blend value · Realmo final
$21.35M
Range $19.22M – $23.49M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$493,044
Tax year 2023
Assessed value
$14,214,140
Assessed 2024
Previous assessed
$13,549,240
+4.9% YoY
Effective rate
3.47%
On assessed value
Assessed land
$915,970
Assessed improvement
$13,298,170
Land market value
$915,970
Improvement market value
$13,298,170
Total market value
$14,214,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
2008
Stories
1
Total area
336,482 SF
Lot
33.13 ac (1,443,143 SF)
APN
823226002
UPID
US25-1867963
Jurisdiction
JASPER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$18.0M
OFFICE BUILDING
Est. value
$34.1M
MEDICAL BUILDING
Est. value
$32.9M
RESTAURANT
Est. value
$30.5M
WAREHOUSE, STORAGE
Est. value
$28.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Stories
1
Lot
33.13 ac
Current owner
From public records · entity-resolved
Ilpt Newton Iowa LLC
Entity
Mailing address
2 NEWTON PL 255TH WASHINGTON ST STE #300, NEWTON, MA 02458
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
—
Ilpt Newton Iowa LLC
—
Deed
related
$1,160,000 · Citi Real Estate Funding INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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