Property profile

308 1St Ave E Newton, IA 50208

FOR LEASE
Retail space
Property ID
US25-2016943
6,698 SF 0.65 ac lot Built 2001
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,045 square foot retail strip center in Newton, Iowa, presents a fantastic leasing opportunity. Located at 308 1st Ave E, this property boasts 2,692 square feet of immediately available space within a multi-tenant building. The property sits on a 0.67-acre lot and offers ample parking with 44 spaces, ensuring convenient access for customers. The existing building features expansive storefront windows, providing excellent visibility and attracting significant foot traffic. The interior is adaptable and customizable, allowing for efficient floor planning to suit a variety of retail or commercial uses. The strategic location in Newton, Iowa, offers high visibility and accessibility, creating an ideal environment for businesses seeking a prominent presence in a thriving community. The property's modern amenities and professional exterior create a welcoming and dynamic atmosphere. This is a rare opportunity to secure a well-located, versatile retail space in a desirable market. The available space is perfect for businesses looking to establish or expand their presence in Newton. Don't miss this chance to capitalize on this prime retail location. The zip code is 50208.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Total area 6,698 SF
Lot 0.65 ac (28,248 SF)
APN 834140018
UPID US25-2016943

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
  • Take-out & Catering
  • Real Estate Agency
  • Mobile Phone Store Electronics & Wireless Store

Location

308 1St Ave E Newton, IA 50208
Newton metro Census 40500 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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