Warehouse with Office and 5
710 49th Street Marion, IA 52302
710 49th Street, Marion, IA, 52302
$875,000
For Sale
$875,000
Warehouse for sale with newly painted shop space, clean office, radiant heat, and five overhead doors.
Property Size11,520 SF
Price / SF$75.95
Days on Market140
Property Features for 710 49th Street
General Information
- Standard status
- Active
- Size
- 11,520 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing agency
Skogman Realty Co.
(319) 550-5114
Listed by
Melissa Redinbaugh
(319) 550-5114
Source
Pinnaclerealtyia
Added: Mar 3 Updated: Jul 20 at 9:17PM Checked: Jul 21 at 3:18AM
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.
Warehouse property for sale in Marion’s industrial hub, offering shop space with newly painted finishes and radiant heat. The building includes five overhead doors, along with clean office space and a restroom and breakroom to support day-to-day operations.
The property provides quick access to Hwy 151, Hwy 13, and Hwy 100. There are currently three short-term leases in place; please contact the listing agent for lease terms.
The configuration is designed to combine flexible warehouse functionality with on-site office and service amenities.
The property provides quick access to Hwy 151, Hwy 13, and Hwy 100. There are currently three short-term leases in place; please contact the listing agent for lease terms.
The configuration is designed to combine flexible warehouse functionality with on-site office and service amenities.
Key Highlights
- Single‑story warehouse built in 1987 with concrete flooring and radiant heat in the shop space
- Newly painted warehouse/shop space plus a clean office area, restroom, and breakroom
- 5 overhead doors and off‑street parking
Local Financial Insights For Warehouse
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 | $84.8k | $7.36 |
| − Vacancy | −$4.8k | −$0.42 |
| EGI | $79.9k | $6.94 |
| − OpEx | −$12.0k | −$1.04 |
| NOI | $68.0k | $5.90 |
11,520 SF · lease $7.36/SF/yr · vacancy 5.71% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$970.8K
$849.4K – $1.13M
NOI $67,954 @ 7.0% cap · market cap 7.77%
Second Best
Office B
$785.9K
$687.7K – $916.9K
NOI $55,013 @ 7.0% cap · market cap 6.29%
Theoretical Best
Self Storage
$1.94M
$1.70M – $2.26M
NOI $135,717 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- Prairie Hill Storage — 2125 Prairie Hill Dr, Marion, IA 52302
- Iron Gate Storage LLC — 1895 Red Fox Way, Marion, IA 52302
- Ty-Co Painting Inc — 4599 Commercial Ave, Marion, IA 52302
- Linn County Storage — 4455 Commercial Ave, Marion, IA 52302
FAQs
What type of property is this?
Warehouse - Warehouse for sale with newly painted shop space, clean office, radiant heat, and five overhead doors.
Where is this warehouse located?
The property is located at 710 49th Street Marion, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Single‑story warehouse built in 1987 with concrete flooring and radiant heat in the shop space; Newly painted warehouse/shop space plus a clean office area, restroom, and breakroom; 5 overhead doors and off‑street parking
