1127 12Th StNewton, IA 50208

Property Details for 1127 12Th St

Year built

1976

Construction

FRAME

Lot size

0.35 AC

Property size (Sq ft)

744 SF

Property type

Retail space

APN

827279012

APU

827279012

Description

This exceptional Newton, IA commercial property presents a unique investment opportunity. The offering encompasses two parcels totaling 0.53 acres, featuring four buildings with a combined 5,329 square feet of versatile space. Parcel 1 (0827279012) includes three buildings, offering a total of 3,001 square feet. Parcel 2 (0827279011) comprises a single building spanning 2,328 square feet. The property boasts eight existing rental units, with significant potential for expansion and additional units on the main building. The existing structures offer a diverse range of spaces, including water access, two furnaces, overhead doors, ample storage, dedicated workspace, and office areas suitable for retail or other commercial uses. The flexible layout and multiple buildings provide exceptional adaptability for a variety of business ventures or rental income streams. This property's location in Newton, IA, offers excellent access to local amenities and transportation networks. The combination of existing income potential and expansion possibilities makes this a compelling investment opportunity for discerning buyers seeking a high-return property. The asking price is $225,000.

• CAP approach

  CAP return

  Valuation

  6%

  $190,731

  6.5%

  $176,060

  7%

  $163,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $95,694

  Geo Method

  $95,694

• Alternative Use

  Use

  Valuation

  Residential

  $148,513

  Hospitality

  $136,037

  Educational

  $113,181

  Medical

  $117,074

  Retail

  $176,060

Location Insight

City

Newton

County

Jasper

State

Iowa

Latitude

41.7109

Longitude

-93.0393

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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