Property profile

611 15 St Orange City, IA 51041

OFF-MARKET
Warehouses
1,800 SF Built 2017
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Property summary

AI-generated overview

This exceptional 1,800-square-foot mixed-use building, constructed in 2017, presents a remarkable investment opportunity in the desirable Orange City, Iowa location at 611 15th St SE. The property boasts a unique blend of office and storage space, perfectly suited for a variety of businesses. The main area features a spacious 30x23-foot front room with a 15-foot vaulted ceiling and LVP flooring throughout. This area also includes a kitchen and lounge space, creating a comfortable and functional workspace. A well-appointed 11x7-foot bathroom with a 4-foot shower and onyx sink adds to the convenience. Two additional offices (13x10 and 14x21 feet) offer private workspaces, each with carpet and recessed lighting. A sizable 10x8-foot closet provides ample storage, complemented by a dedicated parts room and loft in the rear for additional storage needs. The building features an Energy Panel Structure (EPS) with a glassboard finish and ample parking. Included in the sale are existing cabinetry, desks, and kitchen appliances. The security system and TV are negotiable. This property's prime location and versatile layout make it an ideal investment for both established and growing businesses. The asking price is $299,000, translating to $166.11 per square foot. Don't miss this chance to own a thriving business property in a highly sought-after area.

Property profile

Verified
Property type Warehouses
Year built 2017
Total area 1,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

611 15 St Orange City, IA 51041
Orange City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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