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    Pleasant Hl Industrial Park Pleasant Hill, IA 50327
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    Pleasant Hl Industrial Park, Pleasant Hill, IA 50327

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    • Warehouses
    • 2,282,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Pleasant Hl Industrial Park

    Property type
    Warehouses
    Property subtype
    Mixed-use properties

    Description

    This expansive industrial property in Pleasant Hill, Iowa, offers a significant opportunity for businesses seeking flexible, warehouse, or distribution space. Located within the Pleasant Hill Industrial Park (50327), this multi-tenant property boasts a total of 2,282,400 square feet, currently entirely vacant and available for lease. The property is zoned Commerce Park - Industrial and situated on a sizable lot ranging from 5 to 155 acres, providing ample room for expansion and operations. Multiple suites are available, with a minimum divisible space of 351,520 square feet and a maximum contiguous space of 1,021,440 square feet, catering to a wide range of business needs. The property features a total of four suites and provides 2,537 parking spaces for employees and visitors. Its location in Polk County, Iowa, offers excellent access to transportation networks and a strong local workforce. This versatile property is ideal for businesses requiring significant space and flexibility in their operations, making it a prime location for distribution centers, warehousing, and other industrial uses. The property is ready for immediate occupancy. Inquire today to learn more about leasing options and explore the potential of this exceptional industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Hill
    County
    Polk
    State
    Iowa
    Longitude
    -93.4902
    Latitude
    41.5783

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      1300 Metro Dr

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      1300 Metro Dr, Pleasant Hill, IA 50327
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    • Value Estimation by Request
      4,050 SF

      4355 Fairview Dr

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      4355 Fairview Dr, Pleasant Hill, IA 50327-1707
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    • Value Estimation
      $1,275,000
      16,900 SF

      5650 Metro E Dr

      WAREHOUSE, STORAGE
      5650 Metro E Dr, Pleasant Hill, IA 50327-8907
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    • Value Estimation
      $1,210,000
      6,000 SF

      1430 Metro E Dr

      MINI-WAREHOUSE, STORAGE
      1430 Metro E Dr, Pleasant Hill, IA 50327-8900
      View Details
    • Value Estimation by Request
      5,760 SF

      5171 Maple Dr

      WAREHOUSE, STORAGE
      5171 Maple Dr, Pleasant Hill, IA 50327-8454
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    • Value Estimation by Request
      6,240 SF

      1400 Sloans Way

      WAREHOUSE, STORAGE
      1400 Sloans Way, Pleasant Hill, IA 50327-7017
      View Details

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    Similar Nearby for Lease

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      Industrial Park Space Available

      Commercial space for lease in Pleasant Hill Industrial Park.
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      4,000 SF

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      Retail/Office Space in Pleasant Hill

      1,000-2,000 SF retail/office space available for lease.
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    • $15 SF/Yr

      Retail Space For Lease

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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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