Industrial Multi-Building Campus with
For Sale
$3,250,000
200 35th St - For Sale, Marion, IA 52302
Multi-building industrial campus on 11.69 acres with cold storage and manufacturing uses plus approximately 3.8 acres of laydown lot.
Property Size43,330 SF
Lot Size11.69 Acres
Price / SF$75.01
Days on Market19
Property Features for 200 35th St - For Sale
General Information
Standard status
Active
Size
43,330 SF
Lot size
11.69 Acres
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
1964
Listing Agency:
GLD COMMERCIAL
(319) 731-3400
Listed By:
Michael Gibbs
Source:
Kwlegacyrealty
Added: Jul 22
Changed: Aug 8
Last Checked: Aug 8 at 8:14AM
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 GLD COMMERCIAL
Investment Insights
Based on property information with market context.
Industrial multi-building campus for sale in Marion, Iowa, totaling 11.69 acres across seven parcels. The site includes six commercial buildings, including a large office building and a separate retail/distribution building, along with a maintenance shop, a 7,200 SF cold storage warehouse, a 15,800 SF manufacturing warehouse, and a large paint booth.
Approximately 3.8 acres of laydown lot is located in the middle of the property, supporting yard-style staging within the overall site layout. The offering includes parcels 15052-52014-00000, 15052-52013-00000, 15052-52015-00000, 15052-52004-00000, 15052-52012-00000, 15052-52010-00000, and 15053-26008-00000.
For additional details on the buildings and for showings, please contact the listing agent.
Approximately 3.8 acres of laydown lot is located in the middle of the property, supporting yard-style staging within the overall site layout. The offering includes parcels 15052-52014-00000, 15052-52013-00000, 15052-52015-00000, 15052-52004-00000, 15052-52012-00000, 15052-52010-00000, and 15053-26008-00000.
For additional details on the buildings and for showings, please contact the listing agent.
Key Highlights
- 11.69‑acre industrial campus in Marion with six commercial buildings across seven parcels
- Includes a 7,200 SF cold storage warehouse
- Includes a 15,800 SF manufacturing warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$255,594
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,111,880
$5.1M
Cap Rate 7%
$3,651,343
$3.7M
Cap Rate 9%
$2,839,933
$2.8M
Market Conditions
NOI Build-Up for 43,330 SF
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.
Gross rent
$318.9K $7.36/SF
− Vacancy
−$18.2K −$0.42/SF
EGI
$300.7K $6.94/SF
− OpEx
−$45.1K −$1.04/SF
NOI
$255.6K $5.90/SF
Area
Linn County, IA
Vacancy
5.71%
Lease Rate
$7.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,111,880
Cap Rate 7%
$3,651,343
Cap Rate 9%
$2,839,933
Alternative Uses
Best Use
Warehouse
$3.65M
$3.19M – $4.26M
NOI $255,594 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$3.01M
$2.63M – $3.51M
NOI $210,489 @ 7.0% cap · market cap 6.48%
Theoretical Best
Self Storage
$7.29M
$6.38M – $8.51M
NOI $510,471 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 52302, IA
43,130
Population
18,153
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
580
Density / Sq Mi
$87,463
Median Household Income
$50,234
Median Earnings
$963
Median Rent
$232,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Multi-building industrial campus on 11.69 acres with cold storage and manufacturing uses plus approximately 3.8 acres of laydown lot.
Where is this manufacturing property located?
The property is located at 200 35th St - For Sale Marion, IA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 11.69‑acre industrial campus in Marion with six commercial buildings across seven parcels; Includes a 7,200 SF cold storage warehouse; Includes a 15,800 SF manufacturing warehouse
