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OFF-MARKET
Investment properties

502 Hwy 5 Hwy Pleasantville, IA 50225

10,890 SF 0.48 ac lot Built 1960
Property ID
Property summary
AI-generated overview

This expansive 10,890 square foot warehouse presents a remarkable investment opportunity in Pleasantville, Iowa. Situated on a 0.48-acre lot, this property boasts a flexible layout ideal for a diverse range of businesses. Originally designed as a lumberyard, its strategic location adjacent to the railroad offers unparalleled logistical advantages. The building includes 889 square feet of dedicated office or retail space, providing ample room for administrative functions or customer interaction. The warehouse itself features durable concrete floors throughout, capable of supporting heavy equipment and materials. Two 14x16 foot overhead doors, positioned at opposite ends of the building, ensure easy access for loading and unloading. Its adaptable design makes it suitable for various uses, including storage and distribution, manufacturing, auto repair, indoor recreational facilities, covered camper/boat storage, a fabrication workshop, events venue, self-storage, artisan or maker spaces, agricultural production, or a technology/equipment testing facility. The property's location on the north side of Pleasantville offers convenient access, being only 32 miles from the Des Moines metro area via a 4-lane highway. This exceptional property offers a unique blend of space, functionality, and location, making it an attractive proposition for discerning investors seeking a versatile and adaptable commercial space. Don't miss this chance to acquire a property with such significant potential. The asking price is $489,900.

Property profile
Verified
Property type Investment properties
Year built 1960
Total area 10,890 SF
Lot 0.48 ac (20,909 SF)
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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