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28815452
28815453

410 Campus Drive, Calmar, IA 52132

JS
IA S65873
Ole's 5 Star Realty, LLC
Listed by Ole's 5 Star Realty, LLC
$799,000
264 days on market
Updated 63 days ago

410 Campus Drive

Details
APN 1-43-525-901-900
Property Type Retail, Office (+2)
Sub Type Storefront, Traditional Office (+4)
NOI $71,858
Price per SqFt $92
Year Built 2018
Stories 2
Acreage 1.460
Zoning Commercial
Parking Spaces spaces

Retail

Marketing description

This is a business opportunity that does not present itself very often. This is a open and operating business, Rezults Driven Fitness. The building was built in 2018, the gym is located on the 4580 square foot main level. There are 2 full bathrooms for the main level with showers. All gym equipment associated with the business will be included in the sale. Gym Master app is utilized with the members to access the gym without someone to sit at the front desk. There very little labor costs to this business. The upper level has 3- 2 bedroom apartments and 1- 3 bedroom apartment. The apartments are rented out on yearly leases, per tenant. All appliances in the apartments are included in the sale. The property sits on 1.46 +/- acres with city water and sewer. Solar was added to the property in 2019.
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Listing Contacts

JS
IA S65873
Ole's 5 Star Realty, LLC
Listed by Ole's 5 Star Realty, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$71,858.00
$5,988.17/mo

Valuation Metrics

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DSCR
8.99%
Cap Rate
8.99%
ROI

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