2504 Roemer Ave Ottumwa, IA 52501-3562
This exceptional Ottumwa commercial property boasts a prime 3.05-acre location and offers a diverse range of income-generating spaces. The property includes 6,000 square feet of climate-controlled, rented storage units, providing a consistent revenue stream. In addition to the storage units, there's a substantial 7,200 square feet of wholesale/commercial space, complete with convenient semi and trailer docks, ideal for various business operations. Further enhancing the property's versatility is an expansive 4,300 square feet of outdoor access storage units, catering to a broader range of storage needs. The property's substantial size and diverse offerings present a unique opportunity for investors and business owners seeking a multi-faceted commercial investment in a thriving location. The existing rental income from the storage units provides a solid foundation for immediate return on investment, while the ample space allows for expansion or diversification of business operations. The strategic location in Ottumwa, Iowa, offers excellent accessibility and visibility, making it an attractive proposition for a wide range of commercial ventures. This property represents a rare opportunity to acquire a well-established and versatile commercial space with significant potential for growth and profitability.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.