1052 Laser Rd Edgewood, IA 52042-8500
This exceptional 6,000-square-foot warehouse, built in 2015, is situated on a 0.38-acre lot in Edgewood, Iowa (zip code 52042), within Delaware County. The single-story building features 18-foot ceilings, four ground-level doors (including one 16-foot-tall and one 14-foot-tall insulated garage door), and a well-insulated design for year-round temperature control. Heating is provided by a used oil furnace, and cooling is achieved via window units. The property includes 20 parking spaces, a mix of paved and gravel surfaces, and boasts a 120-square-foot office space. The warehouse features three floor drains and concrete flooring. Exterior finishes are metal, and the roof is also metal. The foundation is poured concrete. Public water and sewer services are connected. The property has a 200-amp electrical service provided by Alliant Energy. The asking price is $415,000, translating to $69.17 per square foot. The permitted zoning is commercial, offering potential for rental income by leasing out garage spaces. This well-maintained property presents a strong investment opportunity in a thriving small-town setting. The property is connected to city water but shares a septic system with an adjacent business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.