Property profile

3021 1St Ave E Newton, IA 50208

FOR LEASE
Retail space
Property ID
US25-1928133
54,676 SF 6.58 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
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3021 1St Ave E, Newton, IA 50208 For Lease
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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

Current use

Occupant on record · Public records
  • Department Store
  • Grocery & Convenience Store Food Market

Location

3021 1St Ave E Newton, IA 50208
Newton metro Census 40400 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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