Industrial Warehouse with Drive-In
135 & 139 N Main Street Oakland, IA 51560
For Sale
$570,000
Two industrial buildings offer drive-in access, mezzanine office space, and open warehouse areas.
Property Size10,550 SF
Price / SF$54.03
Days on Market20
Property Features for 135 & 139 N Main Street
General Information
- Standard status
- Active
- Size
- 10,550 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2017
Listing Agency:
NAI NP Dodge
(402) 510-5263
Listed By:
Trenton B. Magid · License #0940286
(402) 510-5263
Source:
Nainpdodge
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 5:14AM
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 NAI NP Dodge
Investment Insights
Based on property information with market context.
135 & 139 N Main Street presents a two-building industrial/flex offering totaling 0.12 acres, available for sale. 135 N Main St. includes a 5,600 SF building with two (2) large drive-in doors, a modern office area, and two mezzanines. The office space is supported by a kitchen and conference room.
Also included, 139 N Main St. is a 4,950 SF free-span warehouse with an open warehouse layout. This building features one drive-in door and storefront windows.
Together, the properties provide flexible industrial configurations with drive-in access and dedicated office improvements in the 135 N Main St. building.
Also included, 139 N Main St. is a 4,950 SF free-span warehouse with an open warehouse layout. This building features one drive-in door and storefront windows.
Together, the properties provide flexible industrial configurations with drive-in access and dedicated office improvements in the 135 N Main St. building.
Key Highlights
- Two industrial buildings for sale totaling 10,550 SF on 0.12 acres (135 N Main St: 5,600 SF; 139 N Main St: 4,950 SF).
- 135 N Main St features two large drive‑in doors and a free‑span warehouse layout.
- Mezzanine office space at 135 N Main St includes office area with two mezzanines, plus a kitchen and conference room.
Financial Insights For Industrial
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 | $73.4k | $6.96 |
| − Vacancy | −$5.1k | −$0.49 |
| EGI | $68.3k | $6.47 |
| − OpEx | −$20.5k | −$1.94 |
| NOI | $47.8k | $4.53 |
10,550 SF · lease $6.96/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,336 @ 7.0% cap · market cap 17.25%
Second Best
Warehouse
$829.2K
$725.6K – $967.4K
NOI $58,045 @ 7.0% cap · market cap 10.18%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $141,038 @ 7.0% cap · market cap 24.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TiNik Inc
Auto Parts Store
TiNik Inc.
Auto Parts Store
FAQs
What type of property is this?
Flex space - Two industrial buildings offer drive-in access, mezzanine office space, and open warehouse areas.
Where is this flex space located?
The property is located at 135 & 139 N Main Street Oakland, IA.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Two industrial buildings for sale totaling 10,550 SF on 0.12 acres (135 N Main St: 5,600 SF; 139 N Main St: 4,950 SF).; 135 N Main St features two large drive‑in doors and a free‑span warehouse layout.; Mezzanine office space at 135 N Main St includes office area with two mezzanines, plus a kitchen and conference room.
