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Property profile & analytics
OFF-MARKET
Retail space

609 Taylor St Creston, IA 50801-3514

5,483 SF 0.46 ac lot Built 1950
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2269884
Property summary
AI-generated overview

This exceptional investment opportunity presents a 5,483 square foot, multi-tenant retail storefront located at 609 W. Taylor Street in Creston, Iowa. The property, built in 1950 and renovated in 1971, sits on a 0.46-acre lot and boasts 100% occupancy with a strong, long-term lease in place with NuCara Home Medical. This Class C building offers a compelling net lease investment structure (NNN) with a current cap rate of 12.56%. The asking price is $295,000. Strategically positioned along Highway 34, within Creston's main commercial corridor, the property benefits from high visibility and significant daily traffic. The property features ample off-street parking, adding to its convenience and appeal. This is an owner/user investment opportunity with two tenants. The building's prime location and strong tenant occupancy make it an attractive investment for those seeking a stable, high-return property in a thriving Iowa market. The property's size and layout offer flexibility for potential future expansion or adaptation to changing market demands. This is a rare opportunity to acquire a well-established, income-producing retail property in a desirable location. The property's solid financial performance and potential for future growth make it an ideal addition to any investment portfolio.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction FRAME
Total area 5,483 SF
Lot 0.46 ac (20,160 SF)
APN 512327002
UPID US25-2269884
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • NuCara Home Medical - Formerly Hammer Medical Supply Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
609 West Taylor St LLC · 1 yrs held
609 West Taylor St LLC
since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2025
$250,000
2005
$15,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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