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Property profile

1980 State St Ely, IA 52227

OFF-MARKET
Warehouses
Property ID
US25-0437069
View Sample
7,728 SF 9.23 ac lot Built 2022
Individually Owned 7-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2022
Total area 7,728 SF
Lot 9.23 ac (402,059 SF)
APN 18-30-3-26-003-0-0000
UPID US25-0437069

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Storage Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$550k
Blend (final) Blend
$750k

Owner & transaction history

since 2018
2 recorded transactions
2018
$675,000
2012
$375,000

Zoning & alternative use

Top alternative use upside
Restaurant $875,000 +120.8%
Auto repair, garage $825,000 +108.0%
Neighborhood: shopping center $795,000 +100.2%

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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