807 5th St Charles City, IA 50616-3303
Prime 1.36-acre commercial land parcel in Charles City, Iowa, is available for $169,900. This redevelopment property, located at 807 5th Street (APN 000111219000100), boasts a 29,248 square foot building, previously configured as a nursing home. The property features a paved parking lot, a walking trail, and a gazebo, enhancing its potential for various commercial uses. A 6-foot high partial vinyl fence is situated at the rear of the property. The convenient location offers easy access to Highways 218 and 27, placing it near the Floyd County Fairgrounds and the Charles City business district, providing proximity to retail, restaurants, and lodging. The property is zoned R-2 and B-1, offering flexibility for redevelopment plans. An additional 0.7-acre lot adjacent to the west is potentially available through separate negotiation with the seller during the fourth quarter. This corner lot presents a significant redevelopment opportunity with its size, existing infrastructure, and strategic location within Charles City. The property is being sold as-is by the owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.