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    401 S Forrest Ave Ottumwa, IA 52501

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    For Sale
    $155,000

    7,580 SF warehouse on 2 acres near Des Moines River.

    Property size:
    7,580 SF
    Lot size:
    2.00 Acres

    Property Features for 401 S Forrest Ave

    General Information

    Size
    7,580 SF
    Lot size
    2.00 Acres

    Source: Terrus Real Estate Group Agent Brian Phillips

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ottumwa Warehouse on Two Acres

    This property features approximately 7,580 square feet of office and warehouse space situated on a 2-acre site. The metal building is located on the west side of Ottumwa, near the Des Moines River. The property is zoned for Commercial/Light Industrial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Auto Repair Shop Gym & Fitness Auto Parts Store Food Market Storage Facility Grocery Store Bar & Pub Travel Agency Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.438786
    Latitude
    41.04328

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    FAQs

    What type of property is this?
    Warehouse - 7,580 SF warehouse on 2 acres near Des Moines River.
    Where is this warehouse located?
    The property is located at 401 S Forrest Ave Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - 7,580 SF of combined office and warehouse space.; - Situated on a spacious 2 acre site.; - Zoned for Commercial/Light Industrial Use.
    (515) 577-8772
    Request Owner's contact information
    401 S Forrest Ave Ottumwa, IA 52501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 S Forrest Ave Ottumwa, IA 52501
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