1500 W 18th St S, Newton, IA 50208
Jasper County
Key Facts
Description
Commercial Investment Opportunity: Absolute NNN Leased Pizza Ranch in Newton, IA Now available: a fully stabilized net lease property occupied by Pizza Ranch, located at 1500 W 18th St S in Newton, Iowa. Property Details: • Building Size: 4,968 square feet • Lease Type: Absolute NNN (zero landlord responsibilities) • Lease Term: 15 years (commenced May 1, 2023) • Annual Rent Increases: Approximately 2% Financial Overview: • Asking Price: $2,215,000 • 2025 NOI: $139,970.64 • 2026 NOI: $142,770.05 • 2037 NOI: $181,066.95 Investment Highlights: • Truly passive ownership with an absolute NNN lease structure • Tenant covers all expenses, including taxes, insurance, CAM, and all repairs (roof, structure, HVAC, and major systems) • Built-in annual rent growth for long-term income stability • Ideal for 1031 exchange investors seeking predictable, long-duration cash flow
Property Information
Property Type
Commercial Sale
Year Built
2007
Living Area
4,968 sq ft
Lot Size
1.20 acres
Lot Dimensions
52272
Zoning
Comm
Days on Market
16
MLS® Listing#
2602108
Property Features
Cooling
Heating
Parking
Construction
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$26,060
Parcel Number
13.04.101.005
Directions
From I-80 Take Exit 164 Toward US-6 E, Turn on US-6 E , Turn Right onto S 12th Ave W, Turn Right onto W 18th St S
Affordability Calculator
$429,000
Estimated monthly payment
$11,417/mo
Principal $1,716,000 · Est. interest $2,393,973 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newton, IA
- $205,405
- Median Listing Price
- 63
- Median Days on Market
- 1,478
- Median Sq Ft
- $161
- Median Price / Sq Ft
- 110
- Active Listings
- This home’s price is 944% above the area median.
- Its price per sq ft is 168% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newton, IA.
Location
Points of Interest in Newton, IA
Showing the Newton area map.
Nearby Schools
Woodrow Wilson Elementary School
Elementary · 0.8 mi away
Thomas Jefferson Elementary School
Elementary · 1.0 mi away
West Academy High School
Secondary · 1.0 mi away
Newton Community Schools
Elementary · 1.0 mi away
Basics & Beyond Alt High School
Secondary · 1.3 mi away
Newton Senior High School
Secondary · 1.4 mi away
Emerson Hough Elementary School
Elementary · 2.0 mi away
Aurora Heights Elementary School
Elementary · 2.8 mi away
Berg Middle School
Secondary · 2.9 mi away
Newton Christian School
School · 2.9 mi away
Colfax-Mingo High School
Secondary · 8.0 mi away
Colfax-Mingo Community Schools
Secondary · 8.8 mi away
Colfax-Mingo Elementary School
Elementary · 8.8 mi away
PCM Middle School
Secondary · 10.2 mi away
Prairie City Elementary School
Elementary · 10.2 mi away
Baxter CSD
School · 10.4 mi away
PCM Community School
School · 11.3 mi away
Monroe Elementary School
Elementary · 11.3 mi away
PCM Community School District
Secondary · 11.9 mi away
Colfax-Mingo Middle School
Elementary · 12.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1805 S 8th Avenue E, Newton, IA | $2,000,000 | 4 | 5 | 3,702 |
| 1500 W 18th Street S, Newton, IA | $2,145,000 | — | — | 4,968 |
| 1500 W 18th St S, Newton, IA | $2,145,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Newton
Listing Courtesy: Pinnacle Realty LLC - 3193930900
Presented by: Trev Adair