Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    930 S Market St Solon, IA 52333

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    930 S Market St Solon, IA 52333

    View on Map
    • Manufacturing properties
    • 19,275 SF
    • 1.23 lot acres
    For Sale
    $350,000
    View Listing →
    Development Lot on Highway 1 For Sale
    $350,000
    1.16 Acres

    Development Lot on Highway 1

    Development lot ideal for retail, flex, office, or mixed-use.

    930 S Market St, Solon, IA
    View Listing
    Property ID
    US25-2402992
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 930 S Market St

    Year built
    1988
    Lot size
    1.23 lot acres
    Property size
    19,275 SF
    Property type
    Manufacturing properties
    APN
    225143002
    APU
    225143002

    Description

    This exceptional 1.16-acre development site is strategically located at 930 S Market Street in Solon, Iowa, directly on Highway 1. Currently undergoing subdivision and rezoning to Highway Commercial designation, this property presents a rare opportunity for developers seeking a high-visibility location. Ideal for a variety of uses, including retail, flex space, office buildings, or mixed-use developments, this parcel offers significant potential. Preliminary plans for an 8,500 to 9,000 square foot retail building have already been prepared by the owner, showcasing the site's suitability for immediate development. The owner is also open to exploring ground lease options or build-to-suit arrangements, providing flexibility for potential buyers or tenants. The property's address is 930 S Market Street, Solon, IA 52333, situated in Johnson County. The asking price for this exceptional development opportunity is $350,000. This is a unique chance to acquire a highly desirable commercial lot in a growing Iowa community with excellent highway frontage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,925,000
      6.5%
      $1,775,000
      7%
      $1,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,349,000
      Market price range: $1.35M - $2.43M
      AI Estimate
      $1,292,000
      Market price range: $1.14M - $4.36M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,800,000
      Current use
      WAREHOUSE, STORAGE
      $2,220,000
      Change: +23% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,115,000
      Change: +17% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Solon
    County
    Johnson
    State
    Iowa
    Longitude
    -91.4899
    Latitude
    41.7997
    CBSA code
    26980
    CBSA name
    IOWA CITY, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,296
    $342,900
    $309,900
    $652,800
    -
    $342,900
    $309,900
    $652,800

    Comparable in this City

    • Value Estimation by Request
      2,772 SF

      1031 Stinocher St

      MANUFACTURING (LIGHT) • 2,772 SF
      1031 Stinocher St, Solon, IA 52333-8803
      View Details
    • Value Estimation
      $875,000
      14,165 SF

      Solon, IA 52333

      MANUFACTURING (LIGHT) • 14,165 SF
      Solon, IA 52333
      View Details
    • Value Estimation
      $1,730,000
      9,675 SF

      1537 Ely NE Rd

      MINI-WAREHOUSE, STORAGE • 9,675 SF
      1537 Ely NE Rd, Solon, IA 52333
      View Details
    • Value Estimation by Request
      540 SF

      4389 120th NE St

      WAREHOUSE, STORAGE • 540 SF
      4389 120th NE St, Solon, IA 52333-9123
      View Details
    • Value Estimation by Request
      960 SF

      101 5th St

      MINI-WAREHOUSE, STORAGE • 960 SF
      101 5th St, Solon, IA 52333
      View Details
    • Value Estimation by Request
      1,200 SF

      200 Windflower Ln, Unit 6

      WAREHOUSE, STORAGE • 1,200 SF
      200 Windflower Ln, Solon, IA 52333-9456
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,900 SF

      Versatile Commercial Space in Hiawatha

      Adaptable space in Hiawatha's industrial district, near I-380.
      1750 Robins Rd, Hiawatha, IA 52333
      View Details
    • $95,000

      Residential Land Near Golf Course

      Unimproved residential land located on Saddleback Ridge Golf Course.
      923 Long Dr, Solon, IA 52333
      View Details
    • $155,000
      0.58 Acres

      Solon, IA Land Opportunity

      Build your dream home on this .58 acre lot.
      Spartan Holw, Solon, IA 52333
      View Details
    • $185,000
      1.00 Acre

      Solon, IA - 1 Acre Lot

      Build your dream home on a spacious 1-acre lot.
      Spartan Holw, Solon, IA 52333
      View Details
    • $150,000

      Residential Land Near Golf Course

      Unimproved residential land located on Saddleback Ridge Golf Course.
      920 Long Dr, Solon, IA 52333
      View Details
    • $185,000
      1.00 Acre

      Solon, Iowa Acreage Homesite

      One-acre lot in Spartan Hollow Development, Solon, Iowa.
      Spartan Holw, Solon, IA 52333
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    930 S Market St
    Solon, IA 52333
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!