Property profile

415 Center Pl Altoona, IA 50009

FOR LEASE
Investment properties
Property ID
US25-0290743
29,190 SF 0.61 ac lot Built 2018
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use retail property, located at 415 Center Place in Altoona, Iowa, presents a unique sublease opportunity. The building, situated in Polk County, boasts a total of four stories and comprises 1,805 square feet of immediately available retail space. This versatile space is perfect for a variety of businesses seeking a high-visibility location within a thriving community. The property's multiple tenancy structure offers flexibility and potential for collaboration with existing tenants. The address, 415 Center Pl, Altoona, IA 50009, provides easy access and high visibility for your business. The building's single structure simplifies operations and management. This is an excellent opportunity for businesses looking to establish or expand their presence in the Altoona market. The property's location offers significant advantages, including convenient access to major transportation routes and a strong local customer base. With 1,805 square feet of vacant space ready for immediate occupancy, this property is an ideal solution for businesses seeking a move-in ready retail location. Don't miss this chance to secure a prime retail space in a rapidly growing area. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2018
Construction FRAME
Total area 29,190 SF
Lot 0.61 ac (26,572 SF)
Zoning code C-4
APN 171/00511-380-024
UPID US25-0290743

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

415 Center Pl Altoona, IA 50009
Altoona metro Census 10708 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$2.13M

Owner & transaction history

since 2017
7 recorded transactions
2024
Price N/A
2017
Price N/A
2017
$140,000
2016
Price N/A
2016
$1.1M
2007
Price N/A
2006
$290,000

Zoning & alternative use

C-4 · Altoona, IA
Zoning description

10. C-4 Village Commercial District. 11. C-5 Office Park. 12. C-6 Commercial Entertainment or Recreational District. 13. C-7 Regional Commercial District. 14. M-1 Limited Industrial District. 15. M-1A Commercial And Limi…

General category COMMERCIAL
Top alternative use upside
Retail stores $3.4M +6.7%

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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