Building Details

Year Built 1976

Listing Agency: Whitaker Marketing Group Show Phone

Listed By: Melissa Redinbaugh Show Phone

Source: Pinnaclerealtyia

Added: Dec 16, 2025 Changed: Oct 21 Last Checked: Oct 20 at 6:28PM

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Investment Insights

Based on property information with market context.

This industrial property presents a three-building, vacant campus configuration designed for a range of owner-user and tenant requirements. The 40,140 SF main building is steel frame construction with 20’ sidewalls, approximately 20’ column spacing, and a metal roof. It includes (2) dock doors, (1) overhead door, three-phase power, city water and sewer, and heating, with a layout supported by 20’ clear ceiling height.

A 2,520 SF shop building adds heated space with a concrete floor, three-phase electric, and a metal roof, with approximately 20’ ceilings and (2) 14’ overhead doors. A 5,376 SF pole building offers additional covered space with approximately 18’ ceilings, (2) 14’ sliding doors, and a metal roof; it has wood frame construction with a dirt floor and is not heated.

The property is offered with both sale and lease options, and the site includes ample room for future expansion or development to support long-term growth.

Key Highlights

• 26.11‑acre industrial site with 3 vacant buildings totaling 48,036 SF
• 40,140 SF main building (steel frame) with 20’ sidewalls, ~20’ column spacing, (2) dock doors and (1) overhead door
• Main building includes a metal roof, three‑phase power, City water and sewer, and is heated

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$251,864

Cap Rate

9.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,037,280 $5.0M

Cap Rate 7%

$3,598,057 $3.6M

Cap Rate 9%

$2,798,489 $2.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 48,036 SF

Gross rent

$374.7K $7.80/SF

− Vacancy

−$14.9K −$0.31/SF

EGI

$359.8K $7.49/SF

− OpEx

−$107.9K −$2.25/SF

NOI

$251.9K $5.24/SF

Area

Benton County, IA

Vacancy

3.97%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,037,280

Cap Rate 7%

$3,598,057

Cap Rate 9%

$2,798,489

Alternative Uses

Best Use

Flex RnD

$4.78M

$4.18M – $5.58M (±1% cap)

NOI $334,590 @ 7.0% cap · market cap 11.95%

Second Best

Warehouse

$4.37M

$3.82M – $5.10M (±1% cap)

NOI $305,835 @ 7.0% cap · market cap 10.92%

Theoretical Best

Specialty Retail

$6.95M

$6.08M – $8.11M (±1% cap)

NOI $486,665 @ 7.0% cap · market cap 17.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Storage Facility Dental Office Kitchen & Bath Showroom

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

Lease Details

2

Dock-high doors

Yes

Heavy power

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

87

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 52349, IA

7,405

Population

3,548

Households

2.1

Avg Household Size

44

Median Age

28%

College-Educated

91%

High-School Grad

149.6 sq mi

ZIP Area

49

Density / Sq Mi

$71,537

Median Household Income

$53,000

Median Earnings

$838

Median Rent

$173,800

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?

Warehouse - Three vacant industrial buildings totaling 48,036 SF on an expansive 26-acre site, including heated dock-access main space.

Where is this warehouse located?

The property is located at 701 N K Ave Vinton, IA.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: 26.11‑acre industrial site with 3 vacant buildings totaling 48,036 SF; 40,140 SF main building (steel frame) with 20’ sidewalls, ~20’ column spacing, (2) dock doors and (1) overhead door; Main building includes a metal roof, three‑phase power, City water and sewer, and is heated