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911 Court St 7,070 SF 100% Leased Retail Building Adel, IA 50003 $796,500 ($112.66/SF) 7.35% Cap Rate
Executive Summary
Multi-tenant fully leased with long term tenant history. Owner pays taxes, insurance, and minor maintenance. Assumable seller financing available. Note: Seller is a licensed real estate agent in the state of Iowa.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,070 SF
Building Class
C
Year Built
2002
Price
$796,500
Price Per SF
$112.66
Cap Rate
7.35%
NOI
$58,544
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.81
Lot Size
0.20 AC
Zoning
Commercial - office/ retail
Parking
14 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
60’ on Court
Amenities
- 24 Hour Access
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-29-378-002 | Improvements Assessment | $401,320 |
| Land Assessment | $87,120 | Total Assessment | $488,440 |
Property Taxes
Parcel Number
11-29-378-002
Land Assessment
$87,120
Improvements Assessment
$401,320
Total Assessment
$488,440
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Presented by
The York Companies
911 Court St
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