830 Oak StIowa Falls, IA 50126

Property Details for 830 Oak St

Year built

2017

Construction

FRAME

Lot size

2.33 AC

Property size (Sq ft)

13,740 SF

Property type

Retail space

APN

892019300009

APU

892019300009

Description

This fee-simple, 13,700 square foot shopping center in Iowa Falls, IA, presents a compelling value-add opportunity. Located at 830 S Oak St, 50126, this 2-tenant property boasts a strong 100% occupancy rate, generating a Net Operating Income (NOI) of $106,642 and an 8.24% cap rate. The asking price is $1,294,000. Built in 2017, the center sits on a sizable 2.33-acre lot, offering significant potential for future expansion or redevelopment. One tenant, Dollar Tree, recently signed a three-year lease extension at a below-market rate of $5.71 per square foot, with a 120-day termination clause for both landlord and tenant, creating substantial upside potential. The second tenant is under lease for several more years. The property benefits from its prime location, shadowed by a Walmart and situated near Hy-Vee grocery, Hansen Family Hospital (a Mercy One affiliate), Shoe Sensation, and Kwik Trip. The building is in excellent condition, priced below replacement cost at $94 per square foot, and includes a roof warranty extending until 2033. This investment offers a blend of stable income and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,324,780

  6.5%

  $3,069,028

  7%

  $2,849,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,767,250

  Geo Method

  $1,767,250

• Alternative Use

  Use

  Valuation

  Residential

  $2,588,840

  Hospitality

  $2,371,364

  Educational

  $1,972,947

  Medical

  $2,040,799

  Retail

  $3,069,028

Location Insight

City

Iowa Falls

County

Hardin

State

Iowa

Latitude

42.5037

Longitude

-93.2612

Property Tax & Assessments

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