Property profile

819 Albia Rd Ottumwa, IA 52501

FOR LEASE
Retail space
Property ID
US25-2215580
7,094 SF 1.77 ac lot Built 2002
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property at 819 Albia Rd, Ottumwa, IA, offers a prime leasing opportunity. The 6,943 square foot strip center sits on a 1.78-acre lot (77,456 sq ft) and boasts a modern design with an expansive storefront ensuring high visibility and ample parking (42 spaces) for customer convenience. Currently, 7,000 square feet is available, divisible into spaces ranging from 1,450 to a maximum contiguous 5,550 square feet, making it ideal for a variety of retail or commercial uses. The adaptable layout allows for efficient floor planning and product displays, catering to businesses seeking a prominent and flexible space to engage their target audience. Its strategic location in Wapello County promises high foot traffic and enhanced brand exposure. The property's modern amenities and professional exterior create a dynamic and inviting environment for customers. This is a rare opportunity to secure a well-located, versatile retail space in a thriving market. The property's size and layout offer significant potential for growth and success. Don't miss this chance to establish your business in a highly visible and convenient location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Construction LOG
Total area 7,094 SF
Lot 1.77 ac (77,101 SF)
APN 7417790001000
UPID US25-2215580

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
  • Big Box & Wholesale Store Distribution Center
  • Discount Store Party Supply Store

Location

819 Albia Rd Ottumwa, IA 52501
Ottumwa metro Census 960600 OTTUMWA, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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