403 Story St Boone, IA 50036
For Sale
1 / 20
This exceptional 2,010 square foot commercial building, located at 403 Story Street in Boone, Iowa, presents a compelling investment opportunity. Situated on a 0.41-acre lot, the property boasts a recently completed appraisal valuing it at $625,000, exceeding the asking price of $600,000. The property is currently under lease, providing a steady stream of income, with the lease extending until February 1st, 2027. This presents a strong return on investment for a discerning buyer. The building's versatile space is ideal for a variety of commercial uses, making it an attractive prospect for both established businesses and new ventures. Its prime location in Boone, Iowa offers excellent visibility and accessibility, further enhancing its investment potential. The property's strong financial performance, coupled with its desirable location and current lease, makes it a rare find in the Boone commercial real estate market. Serious inquiries are encouraged to explore this lucrative opportunity. The property is ready for immediate ownership and offers a secure investment with a guaranteed income stream for the foreseeable future. Don't miss this chance to acquire a high-value commercial property in a thriving Iowa community.
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Medicap Pharmacy Pharmacy
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
INC · Boone, IABoone. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.