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Financial
Distress signals
Property profile

2617 1St Ave E Newton, IA 50208

FOR SALE
Retail space
Property ID
US25-1689941
36,940 SF 2.2 ac lot Built 1979
Last sale Dec 2023 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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2617 1St Ave E, Newton, IA 50208 For Sale
$1,575,000 36,940 SF
2617 1St Ave E, Newton, IA 50208
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Property summary

AI-generated overview

Ace Hardware Plaza offers a unique investment opportunity in a high-traffic location. This two-building complex, totaling 48,000 square feet, features a mix of executive, creative, and traditional office spaces, perfect for a variety of businesses. Built in 1979 and extensively renovated in 2020, the property boasts a Class B rating and offers multiple tenancy options. Individual suites range from a minimum of 1,400 square feet to a maximum contiguous space of 2,940 square feet, with a total…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$41k
Tax billed · 2023
Assessed value · 2024$1.16M
Assessed land$184k
Assessed improvement$976k
Effective rate3.52%

Value estimate

· Oct 2026
$1.58M
$1.42M – $1.73M
AI approach$1.96M
Submarket $/SF estimate$1.14M
NOI build-up
Gross scheduled income$58k
Vacancy & credit loss−$4k
Operating expenses−$16k
NOI · 540,214.29% cap applied$38k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
540,214.29%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJASPER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.8
Hair Salon15.3
Spa & Massage12.3

Location

2617 1St Ave E Newton, IA 50208
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2400 1st E, Newton, IA 50208-4203 $1,100,000 Oct 2024 32,000 SF
1707 1st E, Newton, IA 50208-4050 $405,000 Sep 2024 9,216 SF
1719 1st E, Newton, IA 50208-4050 $405,000 Sep 2024 7,300 SF
124 2nd W, Newton, IA 50208-3246 $150,000 Jun 2024 5,808 SF
112 2nd W, Newton, IA 50208-3246 $150,000 Aug 2021 6,204 SF
733 1st E, Newton, IA 50208-3307 $57,000 Nov 2020 5,764 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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