Industrial Warehouse with Drive-In
For Sale
$1,450,000
3398 Nolan-Carney Drive, Perry, IA 50220
Commercial Sale, Perry, IA
Property Size12,400 SF
Lot Size2.86 Acres
Price / SF$116.94
Days on Market236
Property Features for 3398 Nolan-Carney Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Industrial
Directions
From 141 West turn left toward Nolan and Carney Drive. Turn right onto Nolan and Carney Dr, building is on the right.
Subdivision
Perry
Standard status
Active
APN
0214226001
Size
12,400 SF
Lot size
2.86 Acres
Taxes and HOA fees
Tax Description
PERRY INDUSTRIAL PARK LOT 3
Tax Annual Amount
308
Legal Description
PERRY INDUSTRIAL PARK LOT 3
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Flooring type
Concrete
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
RE/MAX REAL ESTATE CENTER · RE/MAX International
2324663
Listed By:
Betts Team · License #B67497
(515) 231-9180
Added: Feb 13
Changed: Oct 3
Last Checked: Oct 7 at 8:06AM
MLS# 69403
Copyright © 2026 Central Iowa Board 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 industrial warehouse is under construction as a steel-frame building with a metal roof and concrete flooring. The property includes 12,400 square feet of open interior space on 2.86 acres, with 16-foot sidewalls and eight 14-foot drive-in doors. Its layout supports customization for warehousing, distribution, storage, light manufacturing, contractor operations, trades, or fleet storage.
Located in Perry Industrial Park, the property carries Industrial zoning and provides outdoor area for parking, equipment staging, or laydown use. Public water and public sewer serve the site. The building was constructed in 2025 and offers a combination of open floor area, vehicle access, and exterior land for industrial operations.
Located in Perry Industrial Park, the property carries Industrial zoning and provides outdoor area for parking, equipment staging, or laydown use. Public water and public sewer serve the site. The building was constructed in 2025 and offers a combination of open floor area, vehicle access, and exterior land for industrial operations.
Key Highlights
- 12,400‑square‑foot industrial warehouse on 2.86 acres
- Eight 14‑foot‑tall drive‑in doors
- 16‑foot sidewalls support warehouse and industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,844
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,880
$1.0M
Cap Rate 7%
$726,343
$726.3K
Cap Rate 9%
$564,933
$564.9K
Market Conditions
NOI Build-Up for 12,400 SF
Gross rent
$78.9K $6.36/SF
− Vacancy
−$6.2K −$0.50/SF
EGI
$72.6K $5.86/SF
− OpEx
−$21.8K −$1.76/SF
NOI
$50.8K $4.10/SF
Area
Dallas County, IA
Vacancy
7.90%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,880
Cap Rate 7%
$726,343
Cap Rate 9%
$564,933
Alternative Uses
Best Use
Flex RnD
$11.94M
$10.44M – $13.93M
NOI $835,562 @ 7.0% cap · market cap 57.62%
Second Best
Warehouse
$9.98M
$8.74M – $11.65M
NOI $698,928 @ 7.0% cap · market cap 48.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Drive-in doors
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50220, IA
9,045
Population
3,925
Households
2.3
Avg Household Size
37
Median Age
17%
College-Educated
87%
High-School Grad
100.5 sq mi
ZIP Area
90
Density / Sq Mi
$68,750
Median Household Income
$38,195
Median Earnings
$883
Median Rent
$146,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Store It Best — 2905 Willis Ave, Perry, IA 50220
- Four Seasons Mini Storage — 3001 Willis Ave, Perry, IA 50220
- Heartland Storage Solutions — 1060 26th St, Perry, IA 50220
Frequently Asked Questions
What type of property is this?
Warehouse - Steel-frame industrial space under construction with concrete floors, public utilities, and adaptable interior configuration.
Where is this warehouse located?
The property is located at 3398 Nolan-Carney Drive Perry, IA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 12,400‑square‑foot industrial warehouse on 2.86 acres; Eight 14‑foot‑tall drive‑in doors; 16‑foot sidewalls support warehouse and industrial operations
