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Property profile & analytics
OFF-MARKET
Warehouses

149 Dale Lee Dr Palo, IA 52324

12,000 SF Built 2023
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 149 Dale Lee Dr, Palo, IA 52324, offers five newly constructed warehouse suites, each boasting 2,400 square feet of versatile space. Built in 2023, this single-story building totals 12,000 square feet and is zoned for commercial use. Each suite features a 40' x 60' layout, a 12' x 14' overhead door, and an ADA-compliant service door. The interior is finished with full insulation, a finished ceiling and walls, and includes a 200 AMP electrical service and a centrally located floor drain. The property benefits from a convenient location, just 15 minutes from Cedar Rapids and easily accessible from the highway bypass, offering ample parking opportunities. Landlord responsibilities include master insurance, lawn care, and snow removal, while tenants are responsible for utilities and trash removal. There are no HOA fees. A minimum one-year lease is required. Floor plans and lease agreements are readily available. This is an ideal opportunity for businesses seeking modern, well-appointed warehouse space in a prime location. Immediate possession is available.

Property profile
Verified
Property type Warehouses
Year built 2023
Total area 12,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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