Property profile

2400 1st E Ave Newton, IA 50208

OFF-MARKET
Retail space
Property ID
US25-2082646
32,000 SF 1.83 ac lot Built 1979
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Total area 32,000 SF
Lot 1.83 ac (79,714 SF)
APN 835228014
UPID US25-2082646

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

2400 1st E Ave Newton, IA 50208-4203
Newton metro Census 40400 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$851k
Blend (final) Blend
$1.10M

Owner & transaction history

since 2024
Last sale
$1.1M
1 recorded transaction
2024
$1.1M

Zoning & alternative use

Top alternative use upside
Industrial (general) $1.7M +25.7%

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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