149 Dale Lee Dr Palo, IA 52324
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.