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Property profile

1131 Buchanan St Washington, IA 52353

OFF-MARKET
Warehouses
Property ID
US25-2345488
View Sample
6,000 SF 0.9 ac lot Built 2018
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional commercial property located at 1131 W Buchanan in Washington, IA, presents a unique investment opportunity. The 0.9-acre lot houses a remarkable industrial building, recognized as Building of the Year by Metal Magazine. The property boasts five spacious garage bays, ideal for various commercial uses, along with four separate rental units, all currently occupied by tenants. This provides immediate and consistent rental income. Each of the four rental units is equipped with its own heating system, 100-amp electrical service, 220-volt hookups for power tools or equipment, ceiling fans for comfort, a private bathroom, and a dedicated private entrance. The building's prestigious award underscores its high-quality construction and desirable features. The combination of the industrial bays and the income-generating rental units makes this property a versatile and financially attractive investment. The current tenant occupancy ensures a steady stream of revenue from day one. This is a rare opportunity to acquire a well-maintained, award-winning property in a desirable location with proven rental income. The property's size and features make it suitable for a variety of commercial ventures, offering significant potential for future growth and profitability. Serious inquiries are encouraged. The asking price is $375,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2018
Construction FRAME
Total area 6,000 SF
Lot 0.9 ac (39,204 SF)
APN 11-19-301-002
UPID US25-2345488

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
$705k
Blend (final) Blend
$340k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $865,000 +79.2%
Restaurant $485,000 +1.0%

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
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