828 Beverly Rd Fairfax, IA 52228
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.