Industrial Warehouse in DeWitt,
For Sale
$875,000
2417 260th Avenue, Dewitt, IA 52742
Functional warehouse property on 2.29 acres near Highway 30.
Property Size15,920 SF
Lot Size2.29 Acres
Price / SF$54.96
Days on Market97
Property Features for 2417 260th Avenue
General Information
Standard status
Active
Size
15,920 SF
Lot size
2.29 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,246
Building Details
Building Size
15,920 SF
Year Built
1984
Listing Agency:
NAI Ruhl Commercial Company
(563) 355-4000
Listed By:
Shawn Langan · License #475188914
(563) 355-4000
Source:
Birdrealtysells
Added: May 21
Changed: Aug 23
Last Checked: Aug 25 at 9:17AM
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 Ruhl Commercial Company
Investment Insights
Based on property information with market context.
This industrial warehouse property is located in DeWitt, Iowa, and offers approximately 15,920 square feet of space on 2.29 acres. The property includes a 14,000 square foot rigid-frame metal warehouse, originally constructed in 1975, along with a 1,200 square foot office addition, mezzanine storage, and an auxiliary warehouse/storage building. The warehouse is configured in two sections, each approximately 70 feet by 100 feet, and includes an existing office buildout and three restrooms. The property features multiple powered overhead doors, including two drive-in doors (one 12' x 14' and one 10' x 14') and two dock-height loading doors (10' x 10' each with seals). Radiant warehouse heat, 3-phase power, fiber optic internet availability, spray foam insulation, existing exhaust systems, welding infrastructure, and functional warehouse infrastructure are also present. The warehouse has approximate 16-foot sidewalls and a peak height estimated around 22-24 feet. The property's land-to-building ratio supports outdoor storage and operational flexibility. Concrete block structural walls, a functional warehouse layout, and an existing office configuration provide immediate usability for various industrial users. The current ownership reports that roof and exterior metal improvements have been completed in recent years. The property is serviced by a private well and septic system and is zoned M-2. It offers convenient access to Highway 30 and the greater Eastern Iowa / Quad Cities region, supporting contractor, fabrication, logistics, service, warehouse, and owner-user industrial operations.
Key Highlights
- 15,920 SF industrial warehouse on 2.29 acres, offering ample space.
- Multiple powered overhead doors (2 drive‑in, 2 dock‑height) for efficient loading.
- Functional warehouse infrastructure including radiant heat, 3‑phase power, and fiber optic internet.
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
$76,916
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
8.79%
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%
$1,538,320
$1.5M
Cap Rate 7%
$1,098,800
$1.1M
Cap Rate 9%
$854,622
$854.6K
Market Conditions
NOI Build-Up for 15,920 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
$116.5K $7.32/SF
− Vacancy
−$6.7K −$0.42/SF
EGI
$109.9K $6.90/SF
− OpEx
−$33.0K −$2.07/SF
NOI
$76.9K $4.83/SF
Area
Clinton County, IA
Vacancy
5.71%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
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%
$1,538,320
Cap Rate 7%
$1,098,800
Cap Rate 9%
$854,622
Alternative Uses
Best Use
Warehouse
$1.33M
$1.17M – $1.56M
NOI $93,398 @ 7.0% cap · market cap 10.67%
Second Best
Industrial
$1.10M
$961.5K – $1.28M
NOI $76,916 @ 7.0% cap · market cap 8.79%
Theoretical Best
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $163,877 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52742, IA
7,651
Population
3,077
Households
2.5
Avg Household Size
42
Median Age
32%
College-Educated
97%
High-School Grad
117.0 sq mi
ZIP Area
65
Density / Sq Mi
$92,500
Median Household Income
$50,536
Median Earnings
$933
Median Rent
$241,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse property on 2.29 acres near Highway 30.
Where is this warehouse located?
The property is located at 2417 260th Avenue Dewitt, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 15,920 SF industrial warehouse on 2.29 acres, offering ample space.; Multiple powered overhead doors (2 drive‑in, 2 dock‑height) for efficient loading.; Functional warehouse infrastructure including radiant heat, 3‑phase power, and fiber optic internet.
