Industrial Flex Warehouse
For Sale
$2,800,000
701 N K Ave, Vinton, IA 52349
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 Market265
Property Features for 701 N K Ave
General Information
Standard status
Active
Size
48,036 SF
Lot size
26.00 Acres
Property subtype
Commercial
Zoning
Industrial
Warehouse & Industrial
Dock-High Doors
2
Heavy Power
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$27,875
Amenities
ConcreteSlabGrade
26.11
CountyRoad,Paved,Highway
Building Details
Year Built
1976
Listing Agency:
Skogman Realty Co.
(319) 393-0900
Listed By:
Melissa Redinbaugh
(319) 550-5114
Source:
Pinnaclerealtyia
Added: Dec 16, 2025
Changed: Sep 6
Last Checked: Sep 7 at 6:31AM
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 Co.
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
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
$251,864
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
9.00%
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%
$5,037,280
$5.0M
Cap Rate 7%
$3,598,057
$3.6M
Cap Rate 9%
$2,798,489
$2.8M
Market Conditions
NOI Build-Up for 48,036 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
$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 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%
$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
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 authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
