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Property profile & analytics
OFF-MARKET Estimated value $525,000
Warehouses

2504 Roemer Ave Ottumwa, IA 52501-3562

4,300 SF 1.14 ac lot Built 1988
Entity Owned ~ Est. High Equity
Property ID
US25-2179581
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1988
Construction FRAME
Total area 4,300 SF
Lot 1.14 ac (49,658 SF)
APN 7411600074000
UPID US25-2179581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$510k
Comparable Approach Comparable
$470k
Blend (final) Blend
$525k
Owner & transaction history
P & M Properties LLC
P & M Properties LLC
since 2026
1 recorded transaction
2026
$350,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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