321 9th St
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321 9th St
5,632 SF 100% Leased Office Building Sheldon, IA 51201 $520,000 ($92/SF) 7.50% Cap Rate
Investment Highlights
- Historic Main Street
- Strong rental demand
- Recently Renovated
Executive Summary
Turn key investment oppurunity
Must see!
New roof, new utilties
Experienced property manager in place
3 new upscale apartments on 2nd floor, 2 bed 1 bath
Main floor is recenty remodeled office space
1 year lease on apartments, 3 year on office space
Must see!
New roof, new utilties
Experienced property manager in place
3 new upscale apartments on 2nd floor, 2 bed 1 bath
Main floor is recenty remodeled office space
1 year lease on apartments, 3 year on office space
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Building Size
5,632 SF
Building Class
B
Year Built/Renovated
1901/2024
Price
$520,000
Price Per SF
$92
Cap Rate
7.50%
NOI
$39,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,816 SF
Building FAR
0.26
Lot Size
0.50 AC
Zoning
Commercial - Zoned Commercial
Parking
8 Spaces (1.42 Spaces per 1,000 SF Leased)
1 of 1
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Presented by
Jackrabbit Properties
321 9th St
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