22,425 SF Warehouse For
18983 Wendover Ave Granger, IA 50109
For Sale
Contact for pricing
22,425 SF warehouse with outdoor storage and 15 drive-in doors.
Property Size22,425 SF
Lot Size1.46 Acres
Price / SF$57.75
Days on Market638
Property Features for 18983 Wendover Ave
General Information
Standard status
Active
Size
22,425 SF
Lot size
1.46 Acres
Property subtype
Industrial
Building Details
Year Built
1976
Listing Agency:
Cushman & Wakefield - West Des Moines, Iowa
(515) 979-1454
Listed By:
Alec Wilcox, CCIM · License #S66705000
Source:
Crexi
Added: Oct 31, 2024
Changed: Jul 6
Last Checked: Jul 29 at 8:56AM
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 Cushman & Wakefield - West Des Moines, Iowa
Investment Insights
Based on property information with market context.
This 22,425 square foot warehouse is available for sale or lease. The property features outdoor storage and fifteen drive-in doors. It is zoned for light industrial use under Dallas County zoning regulations. The warehouse includes multiple bays and has 480V/3 Phase power. The property is situated on a 1.46-acre lot and is located approximately half a mile from Highway 141. There is an option to purchase additional land to the west of the property.
Key Highlights
- 22,425 SF Warehouse with Outdoor Storage
- Boasts 15 Drive‑In Doors
- Just 1/2 Mile to Hwy 141
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 | $142.6k | $6.36 |
| − Vacancy | −$11.3k | −$0.50 |
| EGI | $131.4k | $5.86 |
| − OpEx | −$39.4k | −$1.76 |
| NOI | $91.9k | $4.10 |
22,425 SF · lease $6.36/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$18.06M
$15.80M – $21.07M
NOI $1,263,990 @ 7.0% cap · market cap 97.61%
Second Best
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,949 @ 7.0% cap · market cap 7.10%
Theoretical Best
Flex RnD
$21.59M
$18.89M – $25.18M
NOI $1,511,087 @ 7.0% cap · market cap 116.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Homestead Mini Storage — 32716 190th St, Granger, IA 50109
Frequently Asked Questions
What type of property is this?
Warehouse - 22,425 SF warehouse with outdoor storage and 15 drive-in doors.
Where is this warehouse located?
The property is located at 18983 Wendover Ave Granger, IA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 22,425 SF Warehouse with Outdoor Storage; Boasts 15 Drive‑In Doors; Just 1/2 Mile to Hwy 141
