Building Details

Year Built 2007

Buildings 1

Building Size 1,680 SF

Listing Agency: RE/MAX Lakes Realty

Listed By: Aaron Jones · License #7629 Show Phone

Source: Integrityiowa

Added: Oct 4 Last Checked: Oct 4 at 2:26PM

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Investment Insights

Based on property information with market context.

Built in 2007, this warehouse contains 1,680 square feet in a 28-by-60-foot footprint. The interior has an open layout with concrete flooring throughout, 16-foot sidewalls, and a 14-foot overhead door equipped with an electric opener.

The property is in Orleans, near East Lake and Big Spirit. Its open floor area and overhead access accommodate a range of storage and workspace needs.

Key Highlights

• 1,680‑square‑foot building with a 28x60 footprint
• Constructed in 2007
• 16 foot sidewalls

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,243

Cap Rate

7.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$184,860 $184.9K

Cap Rate 7%

$132,043 $132.0K

Cap Rate 9%

$102,700 $102.7K

Market Conditions

NOI Build-Up for 1,680 SF

Gross rent

$11.7K $6.96/SF

− Vacancy

−$818 −$0.49/SF

EGI

$10.9K $6.47/SF

− OpEx

−$1.6K −$0.97/SF

NOI

$9.2K $5.50/SF

Area

Dickinson County, IA

Vacancy

7.00%

Lease Rate

$6.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$184,860

Cap Rate 7%

$132,043

Cap Rate 9%

$102,700

Alternative Uses

Best Use

Flex RnD

$203.7K

$178.2K – $237.6K (±1% cap)

NOI $14,258 @ 7.0% cap · market cap 11.05%

Second Best

Warehouse

$132.0K

$115.5K – $154.1K (±1% cap)

NOI $9,243 @ 7.0% cap · market cap 7.17%

Theoretical Best

Office A

$367.5K

$321.6K – $428.7K (±1% cap)

NOI $25,724 @ 7.0% cap · market cap 19.94%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Storage Facility Real Estate Agency Restaurant Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 51360, IA

8,553

Population

6,638

Households

1.3

Avg Household Size

49

Median Age

35%

College-Educated

97%

High-School Grad

105.2 sq mi

ZIP Area

81

Density / Sq Mi

$77,464

Median Household Income

$41,043

Median Earnings

$1,005

Median Rent

$256,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - An open interior and concrete flooring support storage, workshop, and business functions.

Where is this warehouse located?

The property is located at 25632 1st Street Street ##5 Orleans, IA.

What is the asking price?

The asking price for this property is $129,000.

What are key features of this property?

This property features: 1,680‑square‑foot building with a 28x60 footprint; Constructed in 2007; 16 foot sidewalls