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    Property profile & analytics

    507 Research Dr Perry, IA 50220

    • Warehouses
    • 30,000 SF
    • 5.26 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-0142016
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 507 Research Dr

    Year built
    2022
    Lot size
    5.26 lot acres
    Property size
    30,000 SF
    Property type
    Warehouses
    APN
    214279002
    APU
    214279002

    Description

    This exceptional 30,000-square-foot industrial building is available for sale. Located at 507 Research Dr in Perry, IA, zip code 50220, this single-story, 2024-built structure sits on a 5.26-acre lot within the Perry Industrial Park. The property is zoned I - Industrial and offers a 30-foot ceiling height, making it ideal for various distribution, flex, or warehouse uses. The asking price is $1,500,000, or $50 per square foot. The Perry Industrial Park is a 151-acre certified site for light industrial development, featuring established research and science park tenants and readily available gig-ready fiber optic infrastructure. All necessary utility infrastructure is in place, and the site has completed surveys and environmental assessments, including Phase 1 EAS, cultural, wetlands, geotechnical/soil, and endangered species studies. This vacant building presents a turnkey opportunity for immediate occupancy. The building is currently a shell, awaiting final use layouts.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $610,000

    • CAP approach

      CAP return
      Estimation
      6%
      $785,000
      6.5%
      $770,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $705,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $695,000
      Retail
      $820,000
      Mixed-Use
      $735,000
      Hospitality
      $810,000
      Educational
      $810,000
      Residential Income
      $855,000
      Energy
      $850,000
      Income-Based Land
      $695,000
      Food Service
      $895,000

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Dallas
    State
    Iowa
    Longitude
    -94.0717
    Latitude
    41.8304
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,102
    $57,330
    $885,530
    $942,860
    -
    $57,330
    $885,530
    $942,860

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      262 284th St

      WAREHOUSE, STORAGE • 2,400 SF
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      105 Research Dr

      WAREHOUSE, STORAGE • 10,877 SF
      105 Research Dr, Perry, IA 50220-8112
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      904 Willis Ave

      WAREHOUSE, STORAGE • 6,440 SF
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    • Value Estimation by Request
      4,200 SF

      Perry, IA 50220

      WAREHOUSE, STORAGE • 4,200 SF
      Perry, IA 50220
      View Details

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    Perry, IA 50220
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    Realmo Value Estimation

    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.

    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.

    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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