Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    305 Adventureland Drive NW Altoona, IA 50009

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New business park with interstate visibility and access.

    Type:Industrial
    Added:
    Oct 31, 2023
    Days on Market:
    899
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 305 Adventureland Drive NW

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 305 Adventureland Drive NW Contact us

    Suite 112 $10 /Mo

    Size
    8,026 SF
    Type
    Industrial
    Contact us

    Suite 111 $10 /Mo

    Size
    7,635 SF
    Type
    Industrial
    Contact us

    Suite 109 $10 /Mo

    Size
    8,026 SF
    Type
    Industrial
    Contact us

    Suite 110 $10 /Mo

    Size
    7,671 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Andy Hodges

    Listing agent Andy Hodges License #570278000

    Listing office Signature Commercial Real Estate

    Listing date Oct 31, 2023

    Source Crexi

    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 Signature Commercial Real Estate

    Overview

    Gateway East Business Center Space

    Gateway East Business Center is located along Interstate 80, offering visibility and access via two interchanges. Situated in Altoona, one of the fastest-growing cities in the Des Moines metro area, the location provides access to various amenities. This business park is suitable for showroom, service retail, sports, office, and warehouse uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.461304
    Latitude
    41.664315

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space Available for Lease

      Retail space for lease in Altoona, Iowa with 1,295 SF.
      3053 8th St W, Altoona, IA 50009
      View Details
    • $16/mo

      Retail Space on 8th Street

      Retail spaces with great visibility and flexible configurations available for lease.
      1003 8th St SW, Altoona, IA
      View Details
    • $14/mo

      Retail/Office Space Available for Lease

      3,769 SF retail/office space with high visibility.
      600-616 8th St SW, Altoona, IA
      View Details
    • Contact for pricing

      Prime Retail or Office Space

      Retail or office space in a dynamic local environment.
      1003 8th Street Southwest, Altoona, IA, 50009
      View Details
    • Contact for pricing

      Retail Space in Altoona, Iowa

      Retail space available in a mixed-use development near I-80.
      3880 Prairie Fire NW, Altoona, IA
      View Details
    • Contact for pricing

      Altoona Office/Retail Space Available

      3,769 SF office/retail space with frontage and signage.
      600 8th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing

      Industrial Space in Altoona, Iowa

      328,147 SF industrial space available for lease in Altoona.
      2075 25th St NW, Altoona, IA 50009
      View Details
    • $13/mo

      Altoona Retail Space Available

      Retail space in Altoona's 8th Street SW retail corridor.
      3160 8th St SW, Altoona, IA
      View Details
    • Contact for pricing

      Industrial Space Available For Rent

      Industrial space available, ranging from 100,000 to 496,800 SqFt.
      2301 25th St NW, Altoona, IA 50009
      View Details

    FAQs

    What type of property is this?
    Warehouse - New business park with interstate visibility and access.
    Where is this warehouse located?
    The property is located at 305 Adventureland Drive NW Altoona, IA.
    What are key features of this property?
    This property features: Strategic location along Interstate 80 with high visibility.; Access via two different Interstate 80 interchanges.; Located in Altoona, one of the fastest‑growing cities in the Des Moines Metro area.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andy Hodges
    Real Estate License ID: 570278000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!