Industrial Flex Warehouse
701 N K Ave Vinton, IA 52349
For Sale
$2,800,000
Three vacant industrial buildings totaling 48,036 SF on an expansive 26-acre site, including heated dock-access main space.
Property Size48,036 SF
Lot Size26.00 Acres
Price / SF$58.29
Days on Market219
Property Features for 701 N K Ave
General Information
- Standard status
- Active
- Size
- 48,036 SF
- Lot size
- 26.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1976
Listing Agency:
SKOGMAN REALTY COMMERCIAL
(319) 550-5114
Listed By:
Melissa Redinbaugh
(319) 550-5114
Source:
Pinnaclerealtyia
Added: Dec 16, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:48PM
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 SKOGMAN REALTY COMMERCIAL
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.
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $374.7k | $7.80 |
| − Vacancy | −$14.9k | −$0.31 |
| EGI | $359.8k | $7.49 |
| − OpEx | −$107.9k | −$2.25 |
| NOI | $251.9k | $5.24 |
48,036 SF · lease $7.80/SF/yr · vacancy 3.97% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$4.78M
$4.18M – $5.58M
NOI $334,590 @ 7.0% cap · market cap 11.95%
Second Best
Warehouse
$4.37M
$3.82M – $5.10M
NOI $305,835 @ 7.0% cap · market cap 10.92%
Theoretical Best
Specialty Retail
$6.95M
$6.08M – $8.11M
NOI $486,665 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
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
