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    Property profile & analytics

    2500 Center St Marshalltown, IA 50158

    • Super regional malls
    • 328,739 SF
    • 7.51 lot acres
    For Sale
    View listing
    $599,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2399624
    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

    • MAMA DiGrado's PASTA & PIZZA / Pizza Restaurant
    • Arby's / Fast Food Restaurant / American Restaurant
    • Lucky Friday Bin Store / Discount Store
    • Miracle-Ear Hearing Aid Center / Hearing Aid Store / Hearing Aid Repair Service
    • Marshalltown Mall / Shopping Mall / Atm

    Property Details for 2500 Center St

    Year built
    1972
    Lot size
    7.51 lot acres
    Property size
    328,739 SF
    Property type
    Super regional malls
    APN
    8318-11-252-008
    APU
    831811252008

    Description

    This exceptional investment opportunity presents a 2,990-square-foot Arby's restaurant located at 2500 S Center St, Marshalltown, IA 50158. The property sits on a 0.54-acre lot and boasts a strong 6.50% cap rate, generating a net operating income (NOI) of $49,355. Built in 1980, this single-tenant, net-leased property enjoys 100% occupancy with a long-standing tenant—over three decades of successful operation. The tenant's sales have consistently exceeded the breakpoint in recent years (2020, 2021, and projected for 2022), resulting in additional rental income beyond the base rent, currently below market rates compared to national averages. This strategic location is an outlot to the Marshalltown Shopping Mall, a 345,500-square-foot center anchored by major tenants including Hobby Lobby, Shoe Sensation, Planet Fitness, and a local movie theatre, ensuring high visibility and foot traffic. The asking price is $759,307, translating to $253.95 per square foot. This property is an ideal investment for those seeking a stable, income-producing asset with significant upside potential. The property's strong performance and prime location make it a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshalltown
    County
    Marshall
    State
    Iowa
    Longitude
    -92.9099
    Latitude
    42.0155
    CBSA code
    32260
    CBSA name
    MARSHALLTOWN, IA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,992
    $457,990
    $1,193,020
    $1,651,010
    -
    $457,990
    $1,193,020
    $1,651,010

    Comparable in this City

    • Value Estimation
      $550,000
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      2504 Ctr St

      REGIONAL SHOPPING CENTER, MALL • 46,820 SF
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      View Details
    • Value Estimation by Request
      6,600 SF

      3109 Ctr St

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      3109 Ctr St, Marshalltown, IA 50158-4789
      View Details
    • Value Estimation
      $1,705,000
      5,412 SF

      10 Lafrentz

      SHOPPING CENTER, STRIP CENTER • 5,412 SF
      10 Lafrentz, Marshalltown, IA 50158-4813
      View Details
    • Value Estimation by Request
      82,740 SF

      101 Iowa W Ave

      SHOPPING CENTER, STRIP CENTER • 82,740 SF
      101 Iowa W Ave, Marshalltown, IA 50158-4768
      View Details
    • Value Estimation
      $2,565,000
      22,990 SF

      50 Lafrentz

      SHOPPING CENTER, STRIP CENTER • 22,990 SF
      50 Lafrentz, Marshalltown, IA 50158-4858
      View Details
    • Value Estimation
      $2,650,000
      87,500 SF

      602 Iowa W Ave

      RETAIL STORES (PERSONAL SERVICES) • 87,500 SF
      602 Iowa W Ave, Marshalltown, IA 50158-4777
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Marshalltown Mall Outlots: Prime Retail Land

      Iowa retail land, high visibility, development potential.
      2500 Center St, Marshalltown, IA 50158
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    • $57,500
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      Residential Land in Marshalltown, Iowa

      Land for new home construction in desirable southside location.
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    • $57,500
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      Residential Land in Southside Location

      Land for new home construction in desirable southside Marshalltown.
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    • $34,900
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      Fenced Corner Lot in Marshalltown

      Corner lot property for sale in Marshalltown, Iowa.
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    Similar Nearby for Lease

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      79,758 SF

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    • $1,400 /Mo
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    • Contact for pricing
      59,740 SF

      Retail Strip Center Near Interstate

      Retail strip center with ample parking and convenient interstate access.
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      View Details
    • $1,000 /Mo
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      Versatile Commercial Space Available

      Adaptable commercial space with in-suite plumbing and private entrance.
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      View Details
    • $1,200 /Mo
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      Versatile Commercial Space Available

      Adaptable commercial space with private entrance and ample parking.
      204 E Linn St, Marshalltown, IA 50158
      View Details
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    2500 Center St
    Marshalltown, IA 50158
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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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