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    18720 Co Hwy Williams, IA 50006

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    18720 Co Hwy Williams, IA 50006

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    • Warehouses
    • 33,648 SF
    • 11.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 18720 Co Hwy

    Year built
    2015
    Lot size
    11.70 lot acres
    Property size
    33,648 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property in Alden, Iowa, presents a unique investment opportunity. The complex encompasses three buildings totaling 33,648 square feet on an expansive 11.7-acre site. The main industrial building, constructed in 2015, boasts 33,648 square feet of net rentable area with an impressive 18-foot clear height. It features 13 drive-in doors and includes 2,592 square feet of finished Class A office space, plus a 990-square-foot conference room. Two additional buildings provide ample space for various uses. The property includes a substantial 500' x 400' yard area with 8-inch thick concrete, ideal for large truck and heavy equipment storage and servicing. Infrastructure includes 3-phase electric, propane gas, two high-capacity wells, and on-demand water heaters and water softeners. Safety features include internal and external storm shelters. The office area features commercial-grade carpet and porcelain tile, showers in three bathrooms, and key fob entry. The shops are equipped with radiant heat, electric garage door openers, epoxy floors, and exhaust fans. A full-size wash bay with a sand separator is also included. Additional features include security lighting, cameras, fiber optic access, dedicated servers, and multiple remote access points. The property's zoning consists of two parcels zoned Manufacturing and two zoned Conservation. The complex also includes pilot's quarters and four two-story guest quarters, offering versatile accommodation options. Septic systems are in place. The property's location offers convenient access to Highway D20 and is approximately one mile east of Alden, with Iowa Falls and Highway 65 about five miles to the east. The asking price is $5,625,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Williams
    County
    Hardin
    State
    Iowa
    Longitude
    -93.4997
    Latitude
    42.5145

    Comparable in this City

    • Value Estimation by Request
      14.28 Acres

      18720 Highway D20

      Distribution properties • 33,648 SF
      18720 Highway D20, Alden, IA 50006
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      2,100 SF

      711 Grand Ave

      MINI-WAREHOUSE, STORAGE • 2,100 SF
      711 Grand Ave, Alden, IA 50006
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      $670,000
      10,224 SF

      14048 Hwy D20

      WAREHOUSE, STORAGE • 10,224 SF
      14048 Hwy D20, Alden, IA 50006-4815
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    • Value Estimation by Request
      9,264 SF

      13765 Hwy D25

      WAREHOUSE, STORAGE • 9,264 SF
      13765 Hwy D25, Alden, IA 50006-9100
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      4,500 SF

      800 Riv Dr

      WAREHOUSE, STORAGE • 4,500 SF
      800 Riv Dr, Alden, IA 50006-9646
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    • Value Estimation by Request
      6,600 SF

      Buckeye, IA 50006

      WAREHOUSE, STORAGE • 6,600 SF
      Buckeye, IA 50006
      View Details
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    18720 Co Hwy
    Williams, IA 50006
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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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