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Property profile & analytics
FOR LEASE
Retail space

3021 1St Ave E Newton, IA 50208

54,676 SF 6.58 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
Property ID
US25-1928133
3021 1St Ave E, Newton, IA 50208 For Lease
$1,330,000
3021 1St Ave E, Newton, IA 50208
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Property summary
AI-generated overview

This exceptional 0.3-acre commercial land parcel presents a unique build-to-suit opportunity in Newton, Iowa. Located at 3021 1st Ave E, Lot 1, this property boasts a highly desirable location with excellent visibility and accessibility. The lot is zoned Commercial, offering flexibility for a variety of development projects. Its APN is 0836152010, situated in Jasper County, Iowa, and conveniently located off Highway 6. This prime location offers significant advantages, placing your future development in close proximity to several established businesses, including Theisen's Home Farm & Auto of Marshalltown, Menard's, ServPro of Marshalltown, Hampton Inn, Culver's, Applebee's, and the Central Iowa Farm Store. The high traffic volume in this area ensures excellent exposure for any new construction. This single-tenancy lot provides an ideal opportunity for businesses seeking a strategic location in a thriving commercial area. The property's address is 3021 1st Ave E, Newton, IA 50208. This is a rare opportunity to secure a build-to-suit lot in a high-demand area. Don't miss out on this chance to establish your business in a prime location with excellent visibility and access to a strong customer base.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Total area 54,676 SF
Lot 6.58 ac (286,624 SF)
APN 836152010
UPID US25-1928133
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.86M
Blend (final) Blend
$1.33M
Owner & transaction history
THEISEN REAL EST LLC
THEISEN REAL EST LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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