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    216 1St St Story City, IA 50248

    For Lease
    $4 SF/Yr

    93,203 SF Manufacturing/Warehouse Space

    Lot size:
    93,203 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Story City, Iowa industrial property, located at 216 W 1st St, offers a substantial 93,203 square feet of manufacturing and warehouse space across five single-story buildings. The property sits on a generous 8.68-acre lot and is classified as Class B. Built in 1987, the property features one large suite totaling 93,203 square feet, currently with 10,700 square feet available for lease. The building boasts convenient drive-in access and robust power capabilities, including 2000 AMP three-phase electrical service. While elevators are not present, the single-story design ensures efficient workflow. The property is zoned for industrial use and is situated in Story County, Iowa, with a zip code of 50248. This versatile space is ideal for a variety of industrial operations, offering significant potential for businesses seeking a well-located and functional facility. The property's ample size and strategic location within Story County provide excellent opportunities for growth and expansion. Interested parties should note that the property is zoned for industrial use.

    Property Features for 216 1St St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,203 SF
    Class
    B
    Total Rate
    31067.67

    Building Details

    Year Built
    1987
    Buildings
    5
    Stories
    1

    Unit(s) available at that property

    Space
    1st Floor , Suite A
    Size
    10,700 SF
    Rate per SF
    $4

    HighLights

    • 10,700 SF Warehouse with Drive‑In Door
    • $4.00/SF/NNN
    • Fenced and Paved Yard
    • 2000 AMP, Three‑Phase Power
    • Excellent Interstate Access (1.5 miles to I‑35)
    • 8.68‑Acre Site
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Story City
    County
    Story
    State
    Iowa
    Longitude
    -93.60263368
    Latitude
    42.18041712

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    Nearby Similar for Lease

    • $4 SF/Yr
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      11261 Us 69, Story City, IA
      View Details
    • $4 SF/Yr
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      View Details
    • $10 SF/Yr
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      Story City Warehouse/Manufacturing Space

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    FAQs

    What type of property is this?
    Distribution property - 93,203 SF Manufacturing/Warehouse Space
    Where is this distribution property located?
    The property is located at 216 1St St Story City, IA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 10,700 SF Warehouse with Drive-In Door; $4.00/SF/NNN; Fenced and Paved Yard
    Request Owner's contact information
    216 1St St Story City, IA 50248
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    Story City, IA 50248
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216 1St St Story City, IA 50248
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