Property profile

4300 22nd E Ave Newton, IA 50208

OFF-MARKET
Grocery and convenience stores
Property ID
US25-2101788
3,520 SF 0.87 ac lot Built 2007
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a single-tenant, freestanding BP gas station located in Newton, Iowa. It includes a 3,520-square-foot building on a 0.87-acre lot and is positioned along a dense retail corridor with nearby national retailers including Walmart, Goodwill, McDonald's, and Starbucks. The site falls within a 3-mile radius of over 10,300 residents and is described as being in an area with projected population growth of approximately +2.00% within a 1-mile radius over the next 5 years. Des Moines International Airport is approximately 48 miles away (about a 47-minute drive).

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2007
Total area 3,520 SF
Lot 0.87 ac (37,897 SF)
APN 1301426011
UPID US25-2101788

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
  • Atm
  • Car Wash
  • Building Supply
  • Gas Station
  • Grocery & Convenience Store

Location

4300 22nd E Ave Newton, IA 50208-8259
Newton metro Census 40800 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2010
1 recorded transaction
2010
$599,300

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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