Climate-Controlled Flex
New
For Sale
$259,900
310 S 21st Street, Indianola, IA 50125
CommercialSale, Indianola, IA
Property Size1,800 SF
Price / SF$144.39
Days on Market5
Property Features for 310 S 21st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
C
Elementary school district
Indianola
Middle school district
Indianola
High school district
Indianola
Directions
From 65/69 (Jefferson) Go east on hwy 92 turn south on 20th st and follow around to the cul-de-sac
Subdivision
Indianola
Standard status
Active
APN
29-76-23 INDIANOLA PICKARD COMMERCIAL
Taxes and HOA fees
Tax Description
29-76-23 INDIANOLA PICKARD COMMERCE PARK PLAT 1 LOTS 4 & 5EX PICKARD INDUSTRIAL CONDOMINIUMS UNITS 13 THRU 16
HOA Fee
$100 Monthly
Legal Description
29-76-23 INDIANOLA PICKARD COMMERCE PARK PLAT 1 LOTS 4 & 5EX PICKARD INDUSTRIAL CONDOMINIUMS UNITS 13 THRU 16
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Amenities
climate controlled
pre-plumbed bathrooms
Building Details
Year built
2026
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Realty ONE Group Impact
(515) 446-7524
Listed By:
Cassi Sinclair · License #S65503000
(515) 238-7646
Added: Oct 9
Changed: Oct 12
Last Checked: Oct 13 at 11:06PM
MLS# 751135
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,800-square-foot flex property is under construction and designed for a buyer to complete the interior. Central air provides climate control, and bathrooms are pre-plumbed. Metal siding and a metal roof are specified, with public sewer service.
The property is located at 310 S 21st Street in Indianola, Iowa, and is zoned C. Construction is scheduled for 2026.
The property is located at 310 S 21st Street in Indianola, Iowa, and is zoned C. Construction is scheduled for 2026.
Key Highlights
- 1,800 square feet of flex space
- Central air conditioning
- Bathrooms are pre‑plumbed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,152
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,040
$463.0K
Cap Rate 7%
$330,743
$330.7K
Cap Rate 9%
$257,244
$257.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$35.6K $19.80/SF
− Vacancy
−$2.6K −$1.43/SF
EGI
$33.1K $18.37/SF
− OpEx
−$9.9K −$5.51/SF
NOI
$23.2K $12.86/SF
Area
Warren County, IA
Vacancy
7.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,040
Cap Rate 7%
$330,743
Cap Rate 9%
$257,244
Alternative Uses
Best Use
Flex RnD
$1.73M
$1.52M – $2.02M
NOI $121,291 @ 7.0% cap · market cap 46.67%
Second Best
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,263 @ 7.0% cap · market cap 34.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50125, IA
20,906
Population
8,039
Households
2.6
Avg Household Size
39
Median Age
34%
College-Educated
97%
High-School Grad
162.4 sq mi
ZIP Area
129
Density / Sq Mi
$86,463
Median Household Income
$42,822
Median Earnings
$975
Median Rent
$248,700
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.
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Frequently Asked Questions
What type of property is this?
Flex space - An unfinished commercial shell includes pre-plumbed bathrooms and central air for a future build-out.
Where is this flex space located?
The property is located at 310 S 21st Street Indianola, IA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,800 square feet of flex space; Central air conditioning; Bathrooms are pre‑plumbed
