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Property profile & analytics
OFF-MARKET
Warehouses

200 &250 Delaware St Norwalk, IA 50211

2,500 SF 1.5 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two brand-new Class B industrial buildings in Norwalk, Iowa's Dunn Industrial Park, completed in July 2024. The property consists of two buildings totaling 20,000 square feet each, offering flexible spaces ranging from 2,500 to 20,000 square feet, with 5,000-square-foot bay options. Each bay features a 14' x 16' drive-in door, clear span interiors, and ceiling heights ranging from 16 to 20 feet. The property is zoned M-1 General Industrial, allowing for a variety of uses. Situated on 1.5 to 3 acres of land, the location provides excellent access to major transportation routes, including proximity to Highway 28, four miles north of Highway 5, and six miles west of Interstate 35. Future city planning indicates improved connectivity to a new I-35 interchange. The property is available for lease (NNN lease, with rates starting at $9.25 per square foot) or purchase (price negotiable). Outdoor storage is permitted. A detailed operating expense estimate is available upon request. This is a prime opportunity to secure a modern, versatile industrial space in a rapidly growing area.

Property profile
Verified
Property type Warehouses
Year built 2024
Total area 2,500 SF
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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