Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Pawnee Dr Ottumwa, IA 52501

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Pawnee Dr Ottumwa, IA 52501

    View on Map
    • Land
    • 77.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Pawnee Dr

    Lot size
    77.50 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 77.5-acre commercial and industrial land parcel in Ottumwa, Iowa, is offered for sale by owner. Located on Pawnee Dr, 52501, this IEDA-certified site boasts heavy industrial (I2) zoning and is ready for immediate development. The property features completed road infrastructure and readily available city utilities, including abundant water, sewer, power, and 10 GB fiber capacity. Parcels are available ranging from approximately 4.68 acres to the full 77.5 acres. Pricing is competitive, ranging from $16,000 per acre for purchases over 10 acres to $30,000 per acre for purchases under 10 acres. The site's strategic location along the Highway 63 corridor provides easy access to the Des Moines metro area and St. Louis, Missouri. Existing infrastructure includes an 8.00" line, a 4.00" line, and a 12" main. This shovel-ready site presents a rare opportunity for large-scale industrial development in a prime location. The asking price for the entire 77.5-acre parcel is $1,240,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.401
    Latitude
    41.0675

    Comparable in this City

    • Value Estimation by Request
      4.68 Acres

      Angle Rd

      Land • 4.68 Acres
      0 Angle Rd, Ottumwa, IA 52501
      View Details
    • Value Estimation by Request
      24.00 Acres

      145Th Ave

      Land • 24.00 Acres
      0 145Th Ave, Ottumwa, IA 52501
      View Details
    • Value Estimation by Request
      4.28 Acres

      Ottumwa, IA 52501

      INDUSTRIAL (GENERAL) • 4.28 Acres
      Ottumwa, IA 52501
      View Details
    • Value Estimation by Request
      0.87 Acres

      Ottumwa, IA 52501

      INDUSTRIAL (GENERAL) • 0.87 Acres
      Ottumwa, IA 52501
      View Details
    • Value Estimation by Request
      0.08 Acres

      Ottumwa, IA 52501

      INDUSTRIAL (GENERAL) • 0.08 Acres
      Ottumwa, IA 52501
      View Details
    • Value Estimation by Request
      0.05 Acres

      Ottumwa, IA 52501

      INDUSTRIAL (GENERAL) • 0.05 Acres
      Ottumwa, IA 52501
      View Details

    Similar Nearby for Sale

    • $42,500
      1.80 Acres

      Two Acres with Three-Car Garage

      Two acres with a standalone three-car garage in Ottumwa.
      542 Indian Tail Rd, Ottumwa, IA 52501
      View Details
    • $160,000
      15.00 Acres

      Secluded 15-Acre Land with Pond

      15 acres of land with stocked pond near Ottumwa.
      30Th St, Ottumwa, IA 52501
      View Details
    • $70,000
      3.97 Acres

      Unimproved Land in Prime Location

      3.97 acres of unimproved land in Ottumwa, Iowa.
      100Th St, Ottumwa, IA 52501
      View Details
    • $275,000

      Ottumwa Commercial Space with Office

      Versatile commercial space with office and secure fenced lot.
      617 Church St, Ottumwa, IA 52501
      View Details
    • $539,000
      6,000 SF

      Prime Ottumwa Commercial Property

      Versatile 3+ Acre Commercial Space
      2504 Roemer Ave, Ottumwa, IA 52501
      View Details
    • $274,500
      14.86 Acres

      Ottumwa Tillable Land For Sale

      14.86 acres of tillable land with high CSR2 rating.
      150Th St, Ottumwa, IA 52501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Prime Retail or Office Space

      Class A retail or office space in Ottumwa's commercial corridor.
      1000 Wildwood Dr, Ottumwa, IA 52501
      View Details
    • Contact for pricing

      Retail Space in Ottumwa, Iowa

      Retail space available in a thriving Ottumwa commercial district.
      819 Albia Rd, Ottumwa, IA 52501
      View Details
    • Contact for pricing

      Renovated Healthcare Destination in Ottumwa

      Premier healthcare facility with customizable suites near Ottumwa Regional Hospital.
      1005 E Pennsylvania Ave, Ottumwa, IA 52501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Pawnee Dr
    Ottumwa, IA 52501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!