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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2440 Lillian Way Clinton, IA 52732

    • Commercial real estate
    • 0.81 lot acres
    For Sale
    View listing
    $169,361
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1346242
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2440 Lillian Way

    Lot size
    0.81 lot acres
    Property type
    Commercial real estate
    APN
    8063650022

    Description

    This exceptional 0.81-acre commercial lot presents a unique investment opportunity in Clinton, Iowa. Located at 2440 Lillian Way, this property boasts a prime location in the northeast quadrant of US Highway 30 and Mill Creek Parkway, offering convenient access from multiple major roadways, including US Highway 30, Mill Creek Parkway, and Manufacturing Drive. The lot is situated near significant developments, including the Clinton Auto Group Ford Dealer, an urgent care clinic, a credit union, and a new 325+ unit apartment complex, ensuring high visibility and strong potential for future growth. All utilities are already installed (Alliant Energy and Iowa American Water), and the property is fully surveyed and platted, featuring concrete city streets, curbs, gutters, sanitary/storm sewers, and off-site storm water detention. The area is experiencing significant infrastructure improvements, with a planned twenty-plus million dollar upgrade to Manufacturing Drive slated for 2024-2025. This fully developed lot is zoned for commercial use and presents an exceptional opportunity for developers seeking a ready-to-build site in a thriving commercial area. The APN is 8063650022. The asking price is $169,361. Don't miss this chance to secure a piece of Clinton's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Clinton
    State
    Iowa
    Longitude
    -90.243668
    Latitude
    41.822031

    Comparable in this City

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    • $168,141
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    • $500,000
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    • $110,000
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      High-traffic location, established business
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    • $146,797
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    • $158,122
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      Prime Clinton, IA Commercial Land

      3.63-acre development site in Lyons Tech Park
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    Similar Nearby for Sale

    • $2,300,000
      2.38 Acres

      Clinton, IA Commercial Land

      Prime 2.38-acre commercial lot, modern facility.
      1310 19Th Ave, Clinton, IA 52732
      View Details
    • $168,141
      3.86 Acres

      Clinton, IA Commercial Land

      3.86-acre development site in Lyons Tech Park
      2300 19Th Ave, Clinton, IA 52732
      View Details
    • $500,000
      0.80 Acres

      Downtown Clinton Commercial Land

      Prime 28,000 SF building & land.
      335 5Th Ave, Clinton, IA 52732
      View Details
    • $146,797
      3.37 Acres

      Prime Clinton, IA Commercial Land

      3.37-acre development site in Lyons Tech Park
      1350 19Th Ave, Clinton, IA 52732
      View Details
    • $158,122
      3.63 Acres

      Prime Clinton, IA Commercial Land

      3.63-acre development site in Lyons Tech Park
      2375 19Th Ave, Clinton, IA 52732
      View Details
    • $110,000
      0.16 Acres

      Clinton, IA Commercial Land

      High-traffic location, established business
      222 2Nd St, Clinton, IA 52732
      View Details

    Similar Nearby for Lease

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      352,836 SF

      Retail Parcel in Clinton, Iowa

      Retail parcel ready for activity near major retail destinations.
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    • $3 SF/Yr
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      Prime Clinton Office Space

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    • $16 SF/Yr
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    • Contact for pricing

      Downtown Clinton County Office Building

      Single-tenant office space available now.
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    • Contact for pricing
      7,841 SF

      Commercial Land For Rent

      Commercial land available for rent in Clinton, Iowa.
      2900 25Th St, Clinton, IA 52732
      View Details
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    2440 Lillian Way
    Clinton, IA 52732
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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