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Property profile & analytics
OFF-MARKET
Warehouses

200 Delaware St Norwalk, IA 50211

20,000 SF 1.55 ac lot Built 2023
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0769446
Property summary
AI-generated overview

This exceptional property at 200 Delaware St, Norwalk, IA 50211, offers 40,000 square feet of flexible warehouse and retail space within two single-story buildings, constructed in 2024. The property is classified as Class B and zoned M-1 General Industrial, providing versatility for various business needs. Currently, 5,000 square feet of space is immediately available, with a minimum divisible unit of 5,000 square feet and a maximum contiguous space of 5,000 square feet. The buildings feature convenient drive-in access with eight drive-in doors, and ample parking with 20 total spaces. Ceiling heights range from 16 to 20 feet. The property boasts a prime location in Dunn Industrial Park, offering excellent visibility and convenient access to Hwy 28, ensuring seamless transportation and logistics. While there are no loading docks, dock-high doors, or elevators, the property's design and location make it an ideal choice for businesses seeking efficient and accessible industrial space. The property is multi-tenant, with a total of two suites. This presents a unique opportunity for businesses seeking a strategic location in a thriving industrial area.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2023
Total area 20,000 SF
Lot 1.55 ac (67,518 SF)
APN 63246010020
UPID US25-0769446
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rewerts Farms · 1 yrs held
Rewerts Farms
since 2025
Last sale
$6.9M
2 recorded transactions
2025
$6.9M
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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