22,425 SF Warehouse For
For Sale
Contact for pricing
18983 Wendover Ave, Granger, IA 50109
22,425 SF warehouse with outdoor storage and 15 drive-in doors.
Property Size22,425 SF
Lot Size1.46 Acres
Price / SF$57.75
Days on Market730
Property Features for 18983 Wendover Ave
General Information
Standard status
Active
Size
22,425 SF
Lot size
1.46 Acres
Property subtype
Industrial
Zoning
Light Industrial
Lease Type
Gross
Building Details
Year Built
1976
Year Renovated
2010
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors
Listed By:
Corey Sedrel · License #B67845000
(515) 979-1454
Source:
Crexi
Added: Oct 31, 2024
Changed: Oct 26
Last Checked: Oct 28 at 5:05AM
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 Cushman & Wakefield Iowa Commercial Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 22,425 square foot warehouse is available for sale or lease. The property features outdoor storage and fifteen drive-in doors. It is zoned for light industrial use under Dallas County zoning regulations. The warehouse includes multiple bays and has 480V/3 Phase power. The property is situated on a 1.46-acre lot and is located approximately half a mile from Highway 141. There is an option to purchase additional land to the west of the property.
Key Highlights
- 22,425 SF Warehouse with Outdoor Storage
- Boasts 15 Drive‑In Doors
- Just 1/2 Mile to Hwy 141
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,949
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,980
$1.8M
Cap Rate 7%
$1,313,557
$1.3M
Cap Rate 9%
$1,021,656
$1.0M
Market Conditions
NOI Build-Up for 22,425 SF
Gross rent
$142.6K $6.36/SF
− Vacancy
−$11.3K −$0.50/SF
EGI
$131.4K $5.86/SF
− OpEx
−$39.4K −$1.76/SF
NOI
$91.9K $4.10/SF
Area
Dallas 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%
$1,838,980
Cap Rate 7%
$1,313,557
Cap Rate 9%
$1,021,656
Alternative Uses
Best Use
Warehouse
$18.06M
$15.80M – $21.07M
NOI $1,263,990 @ 7.0% cap · market cap 97.61%
Second Best
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,949 @ 7.0% cap · market cap 7.10%
Theoretical Best
Flex RnD
$21.59M
$18.89M – $25.18M
NOI $1,511,087 @ 7.0% cap · market cap 116.69%
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
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50109, IA
3,348
Population
1,450
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
98%
High-School Grad
19.4 sq mi
ZIP Area
173
Density / Sq Mi
$130,263
Median Household Income
$62,188
Median Earnings
$923
Median Rent
$337,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Homestead Mini Storage — 32716 190th St, Granger, IA 50109
Frequently Asked Questions
What type of property is this?
Warehouse - 22,425 SF warehouse with outdoor storage and 15 drive-in doors.
Where is this warehouse located?
The property is located at 18983 Wendover Ave Granger, IA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 22,425 SF Warehouse with Outdoor Storage; Boasts 15 Drive‑In Doors; Just 1/2 Mile to Hwy 141
