Property profile

603 2Nd St Victor, IA 52347

FOR SALE
Office buildings
Property ID
US25-0617594
3,316 SF 0.15 ac lot Built 1900
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.15-acre commercial lot presents a unique investment opportunity in the thriving town of Victor, Iowa. Located at 603 2nd Street, this property offers significant potential for a variety of commercial ventures. The generous 0.15-acre parcel provides ample space for development, allowing for flexibility in design and construction. Its strategic location within Victor ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a growing community. The asking price of $90,000 represents a compelling value for a property of this size and location. This is a blank canvas ready for your vision, whether it's a retail space, office building, or other commercial enterprise. The property's address, 603 2nd Street, places it within easy reach of local amenities and transportation routes, further enhancing its appeal. Don't miss this chance to secure a prime piece of commercial real estate in a vibrant and up-and-coming Iowa town. Act quickly, as opportunities like this are rare. The property is ready for immediate development, allowing for a swift return on investment. This is a truly exceptional opportunity for savvy investors and entrepreneurs alike.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 3,316 SF
Lot 0.15 ac (6,534 SF)
APN 8630-0718-0
UPID US25-0617594

Cap rate & NOI

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

Location

603 2Nd St Victor, IA 52347
Victor metro Census 960300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2019
$80,000

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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