Building Details

Building Size 5,400 SF

Listing Agency: m***@lpc.com Show Phone

Listed By: Michael Peinado

Source: Lpc

Added: Jun 23 Changed: Aug 30 Last Checked: Aug 30 at 1:49PM

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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 Michael Peinado

Investment Insights

Based on property information with market context.

This industrial property combines an approximately 1.98-acre parcel with an existing building measuring approximately 5,400 square feet. The asset is located at 318 Industrial Street in DeWitt, Iowa.

Key Highlights

• Approximately 1.98‑acre industrial lot
• Existing building of approximately 5,400 square feet
• Located at 318 Industrial Street in DeWitt, IA 52742

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

$31,680

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

7.03%

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%

$633,600 $633.6K

Cap Rate 7%

$452,571 $452.6K

Cap Rate 9%

$352,000 $352.0K

Market Conditions

NOI Build-Up for 5,400 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

$39.5K $7.32/SF

− Vacancy

−$2.3K −$0.42/SF

EGI

$37.3K $6.90/SF

− OpEx

−$5.6K −$1.04/SF

NOI

$31.7K $5.87/SF

Area

Clinton County, IA

Vacancy

5.71%

Lease Rate

$7.32 /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%

$633,600

Cap Rate 7%

$452,571

Cap Rate 9%

$352,000

Alternative Uses

Best Use

Warehouse

$452.6K

$396.0K – $528.0K (±1% cap)

NOI $31,680 @ 7.0% cap · market cap 7.03%

Second Best

Industrial

$372.7K

$326.1K – $434.8K (±1% cap)

NOI $26,090 @ 7.0% cap · market cap 5.79%

Theoretical Best

Specialty Retail

$794.1K

$694.8K – $926.4K (±1% cap)

NOI $55,586 @ 7.0% cap · market cap 12.34%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Hair Salon Nail Salon Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

104

Businesses Nearby

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property includes an existing building and accompanying land.

Where is this industrial property located?

The property is located at 318 Industrial Street Dewitt, IA.

What is the asking price?

The asking price for this property is $450,500.

What are key features of this property?

This property features: Approximately 1.98‑acre industrial lot; Existing building of approximately 5,400 square feet; Located at 318 Industrial Street in DeWitt, IA 52742