2500 Center St S Marshalltown, IA 50158
Property profile & analytics
2500 Center St S Marshalltown, IA 50158
- Super regional malls
- 328,739 SF
- 7.51 lot acres
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.
Location Intelligence
Current Use by Public Records
- MAMA DiGrado's PASTA & PIZZA / Restaurant
- Arby's / Restaurant / Take-out & Catering
- Lucky Friday Bin Store / Discount Store
- Miracle-Ear Hearing Aid Center / Hearing Aid Store / Hearing Aid Repair Service
- Marshalltown Mall / Shopping Center & Mall
Property Details for 2500 Center St S
- Year built
- 1972
- Lot size
- 7.51 lot acres
- Property size
- 328,739 SF
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- 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 estimation — 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
