Industrial Property with Fenced
For Sale
Contact for pricing
5660 NE Hubbell Ave, Altoona, IA 50009
A three-building industrial site combines covered storage with a fenced outdoor area.
Property Size73,571 SF
Lot Size9.20 Acres
Price / SF$101.94
Days on Market8
Property Features for 5660 NE Hubbell Ave
General Information
Standard status
Active
Size
73,571 SF
Lot size
9.20 Acres
Property subtype
RETAIL
Zoning
C-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Buildings
3
Listing Agency:
Terrus Real Estate Group
(515) 471-4400
Listed By:
Tim Wirta · License #B57526000
(515) 314-7779
Source:
Moodyscre
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 9:57PM
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 Terrus Real Estate Group
Investment Insights
Based on property information with market context.
Three industrial buildings totaling 73,571 square feet occupy a 9.2-acre site in Altoona. The property includes a covered shed, a large fenced yard, and a pylon sign. C-2 zoning is in place.
The site is near Bass Pro Shop, Prairie Meadows Casino, Adventureland, and Prairie Crossing, with access to I-80 and Highway 65 nearby.
The site is near Bass Pro Shop, Prairie Meadows Casino, Adventureland, and Prairie Crossing, with access to I-80 and Highway 65 nearby.
Key Highlights
- Three buildings totaling 73,571 SF
- 9.2‑acre site
- Large fenced yard and covered shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$301,663
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,033,260
$6.0M
Cap Rate 7%
$4,309,471
$4.3M
Cap Rate 9%
$3,351,811
$3.4M
Market Conditions
NOI Build-Up for 73,571 SF
Gross rent
$467.9K $6.36/SF
− Vacancy
−$37.0K −$0.50/SF
EGI
$430.9K $5.86/SF
− OpEx
−$129.3K −$1.76/SF
NOI
$301.7K $4.10/SF
Area
Polk 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%
$6,033,260
Cap Rate 7%
$4,309,471
Cap Rate 9%
$3,351,811
Alternative Uses
Best Use
Industrial
$4.31M
$3.77M – $5.03M
NOI $301,663 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$70.82M
$61.97M – $82.63M
NOI $4,957,512 @ 7.0% cap · market cap 66.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 50009, IA
21,230
Population
8,829
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
761
Density / Sq Mi
$90,393
Median Household Income
$52,227
Median Earnings
$1,201
Median Rent
$261,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - A three-building industrial site combines covered storage with a fenced outdoor area.
Where is this industrial property located?
The property is located at 5660 NE Hubbell Ave Altoona, IA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Three buildings totaling 73,571 SF; 9.2‑acre site; Large fenced yard and covered shed
