Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4221 22nd E Ave Newton, IA 50208-8244

    • Office buildings
    • 8,600 SF
    • 3.86 lot acres
    OFF-MARKET
    Value Estimations
    $1,695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1441749
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 4221 22nd E Ave

    Year built
    1999
    Lot size
    3.86 lot acres
    Property size
    8,600 SF
    Property type
    Office buildings
    APN
    1301426003
    APU
    1301426003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,015,000
      6.5%
      $1,860,000
      7%
      $1,725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,527,000
      Market price range: $367k - $1.53M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Jasper
    State
    Iowa
    Longitude
    -93.0023
    Latitude
    41.6791
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,182
    $128,600
    $759,780
    $888,380
    -
    $128,600
    $759,780
    $888,380

    Comparable in this City

    • Value Estimation by Request
      3,132 SF

      403 4th N St

      OFFICE BUILDING • 3,132 SF
      403 4th N St, Newton, IA 50208-3018
      View Details
    • Value Estimation
      $3,305,000
      29,563 SF

      2282 8th N St

      OFFICE BUILDING • 29,563 SF
      2282 8th N St, Newton, IA 50208-8732
      View Details
    • Value Estimation by Request
      1,040 SF

      821 13th E Ave

      OFFICE BUILDING • 1,040 SF
      821 13th E Ave, Newton, IA 50208-4976
      View Details
    • Value Estimation by Request
      17,100 SF

      623 19th E Ave

      OFFICE BUILDING • 17,100 SF
      623 19th E Ave, Newton, IA 50208-1853
      View Details
    • Value Estimation by Request
      34,390 SF

      1123 1st E Ave

      OFFICE BUILDING • 34,390 SF
      1123 1st E Ave, Newton, IA 50208-3914
      View Details
    • Value Estimation by Request
      1,152 SF

      121 3rd W Ave

      OFFICE BUILDING • 1,152 SF
      121 3rd W Ave, Newton, IA 50208-3218
      View Details

    Similar Nearby for Sale

    • $877,500
      22,500 SF

      Northwest Wichita Flex Space

      Modern Flex Building, K-96 Access
      1501 15Th Ave, Newton, IA 50208
      View Details
    • $265,000
      12,946 SF

      Iowa. Reach out to your preferred agent for additional information and to arrange a showing.""""}"""

      Prime Newton Office Building
      200 1St Ave, Newton, IA 50208
      View Details
    • $350,000
      0.63 Acres

      1805 8Th Ave, Newton, IA 50208

      Office Properties & Spaces • 0.63 Acres
      1805 8Th Ave, Newton, IA 50208
      View Details
    • $199,000
      Pending

      Versatile Commercial Building in Newton

      High-visibility Newton building with full kitchen, bar, and furniture.
      111 E 2Nd St S, Newton, IA 50208
      View Details
    • $350,000
      0.63 Acres

      Newton Office Building - Great Investment

      Prime Newton location, 0.63-acre lot, $350,000.
      1805 8Th Ave, Newton, IA 50208
      View Details
    • $877,500
      22,500 SF

      Newton Industrial Space - Great Location!

      22,500 SF Industrial/Office, 2.57 Acres
      1501 15Th Ave, Newton, IA 50208
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      48,000 SF

      Ace Hardware Plaza: Office Suites Available

      Prime Retail/Office Space, Multiple Suites
      2617 1St Ave, Newton, IA 50208
      View Details
    • Contact for pricing
      61,444 SF

      Industrial Facility with Rail Access

      61,444 SF industrial facility with rail access available for lease.
      927 N 19Th Ave E, Newton, IA 50208
      View Details
    • Contact for pricing
      7,045 SF

      Newton Retail Strip Center

      Prime Retail Space Available in Newton, IA
      308 1St Ave, Newton, IA 50208
      View Details
    • Contact for pricing

      Commercial Land Ready For Development

      Land available for build to suit near Hwy 6.
      1St Ave E, Newton, IA 50208
      View Details
    • Contact for pricing

      Newton Commercial Land - 0.3 Acres

      Build-to-suit lot, prime Newton location. High-traffic area.
      3021 1St Ave, Newton, IA 50208
      View Details
    • Contact for pricing

      Commercial Land Near I-80

      Available land near I-80, suitable for retail or restaurant.
      SW 9Th St, Newton, IA 50208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4221 22nd E Ave
    Newton, IA 50208-8244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.