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Property profile & analytics
FOR SALE
Commercial real estate

828 Beverly Rd Fairfax, IA 52228

2.45 ac lot
Property ID
US25-2383490
Property summary
AI-generated overview

This 2.45-acre commercial lot, located at 828 Beverly Rd SW in Fairfax, Iowa (APN 20044-76005-00000), is zoned C-2 Highway Commercial. Priced at $350,000 ($3.28/sq ft), it offers excellent potential for development. Situated at the entrance to Heartland Heights, a rapidly growing residential community with over 70% of its first three additions (170 lots) already sold, this property benefits from significant future residential expansion. The preliminary plat indicates further commercial development is planned, making this a strategic investment. Fairfax enjoys steady growth and convenient access to Cedar Rapids. All essential utilities are available on-site, with access from Beverly Rd. This location is poised to become a major commercial hub along 80th St. The property is within the College Community School District and offers lower property taxes compared to other areas. Heartland Heights' overall development plan encompasses nearly 450 acres.

Property profile
Verified
Property type Commercial real estate
Lot 2.45 ac (106,722 SF)
APN 20044-76005-00000
UPID US25-2383490
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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