Property profile

609 15 St Orange City, IA 51041

OFF-MARKET
Warehouses
4,140 SF Built 2017
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4,140 square foot mixed-use building, constructed in 2017, presents a unique investment opportunity in Orange City, Iowa. Located at 609 15th St SE, this property boasts a spacious main bay (53x59 feet) featuring 16-foot sidewalls, two 12x14 overhead doors, floor drains, workbenches, and LED lighting. The insulated walls between the main bay and other areas enhance efficiency. A well-appointed office (24x13 feet) includes a PTAC unit for climate control and recessed lighting. A convenient 8x10 bathroom features an onyx sink, ventilation, and cabinets. Upstairs, a 38x14-foot loft provides ample shelving and storage. A 30x30-foot race room offers additional space, accessible via an 8x8 overhead door from the main bay and a 9x8 overhead door to the exterior. The property includes workbenches (20' and 12'), a parts washer, and kitchen appliances/cabinets. Ample parking is available. The building features an Energy Panel Structure (EPS) with a glassboard finish. Asking price is $699,000, translating to $168.84 per square foot. This property is ideal for a variety of uses and represents a strong value in a desirable location. Some items are negotiable.

Property profile

Verified
Property type Warehouses
Year built 2017
Total area 4,140 SF

Cap rate & NOI

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

Location

609 15 St Orange City, IA 51041
Orange City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 609 15 St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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