3243 Epic Dr, Marion, IA
Warehouse with existing income stream and outdoor storage.
- Added:
- Apr 23, 2025
- Days on Market:
- 420
- Last Refresh:
- May 20 at 9:36 pm
Property Features for 3243 Epic Dr
General Information
- Standard status
- Active
- Size
- 7,830 SF
- Lot size
- 9.11 Acres
- Property subtype
- INDUSTRIAL
Listing agent Angie Glick
Listing office GLD Commercial (319) 731-3400
Listing date Apr 23, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of GLD Commercial
HighLights
- Warehouse investment opportunity.
- Existing income stream of $3,025 per month in gross rent.
- Convenient access to Cedar Rapids, Robins, Marion, and Hiawatha.
- Located approximately two miles east of I‑380.
- Outdoor storage area.
- Seller will establish a condominium regime separating the warehouse from the adjoining event center at Seller’s cost.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $7.36 |
| − Vacancy | −$3.3k | −$0.42 |
| EGI | $54.3k | $6.94 |
| − OpEx | −$8.2k | −$1.04 |
| NOI | $46.2k | $5.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.5969
- Latitude
- 42.0333
