Property profile

1609 14th St Indianola, IA 50125

OFF-MARKET
Flex space
Property ID
US25-1879291
4,500 SF 1.21 ac lot Built 2011
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,500-square-foot industrial building ideally situated in an Indianola industrial park, conveniently located approximately one mile east of Highway 65. Built in 2011, this warehouse boasts a spacious layout with an 18-foot ceiling height, providing ample storage and operational space. The property includes three 14-foot-wide by 15'4"-high drive-in doors, facilitating efficient loading and unloading. Power is supplied by a single-phase, 200-amp system. The building sits on a 1.21-acre lot (52,708 square feet), and an adjacent vacant lot of 2.17 acres (94,525 square feet) is also included in the sale, offering significant expansion potential. The property is zoned C - Commercial, allowing for a variety of uses. The asking price for this turnkey industrial property is $800,000, representing a compelling opportunity for investors seeking a well-maintained, strategically located warehouse in a thriving Iowa market. This property is perfect for distribution or warehousing needs and offers significant upside potential due to the inclusion of the adjacent vacant lot. The property's location near Highway 65 ensures easy access to major transportation routes, enhancing its logistical advantages.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2011
Total area 4,500 SF
Lot 1.21 ac (52,708 SF)
APN 48381000050
UPID US25-1879291

Cap rate & NOI

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

Location

1609 14th St Indianola, IA 50125-1586
Indianola metro Census 20702 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$470k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2021
Price N/A

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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