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Property profile & analytics
OFF-MARKET
Retail space

338 State St Garner, IA 50438-1237

1,220 SF 0.06 ac lot Built 1900
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1460479
Property summary
AI-generated overview

This exceptional 1,220 square foot retail property, located at 338 State Street in Garner, Iowa, presents a fantastic opportunity for business owners seeking a move-in ready space. Recently renovated, the property boasts a fresh coat of paint and brand new flooring throughout. The open-concept design provides maximum flexibility for a variety of retail or office uses, allowing for efficient layout and customization to suit individual business needs. The space is bright and welcoming, creating a positive atmosphere for customers and employees alike. A significant advantage is the inclusion of a convenient attached two-stall garage, offering valuable extra space for storage, inventory, or even additional workspace. This is a rare find in Garner, offering both a modern, updated interior and the practicality of additional storage. The property is situated in a prime location within Garner, providing excellent visibility and accessibility. This turnkey solution eliminates the need for extensive renovations, allowing businesses to focus on operations and growth from day one. The asking price of $79,000 makes this an attractive investment opportunity for entrepreneurs seeking a well-maintained and versatile commercial space in a thriving community. Don't miss out on this chance to secure a prime location for your business in Garner, Iowa.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 1,220 SF
Lot 0.06 ac (2,744 SF)
APN 2101330110
UPID US25-1460479
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Laek Rentals · 4 yrs held
Laek Rentals
since 2021
Last sale
$35,000
3 recorded transactions
2021
$35,000
2017
Price N/A
2006
$25,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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