Property profile

21035 240Th St Grundy Center, IA 50638

FOR SALE
Warehouses
Property ID
US25-2415269
82,000 SF 38.11 ac lot Built 1994
Individually Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional industrial property, located at 21035 240th Street in Grundy Center, Iowa, offers a substantial 80,000 square feet of warehouse space. Built in 1994, this multi-tenant building is situated in Grundy County and presents a unique opportunity for businesses seeking ample storage and operational space. Currently, 40,000 square feet is immediately available for lease, divisible into two 20,000 square foot units. The available space includes desirable features such as three dock doors, a small office area, and two restrooms. The building's sprinkler system ensures a safe and secure environment for tenants. This space is ideal for businesses requiring significant storage capacity and convenient access to transportation routes. The lease terms are highly competitive, offering an attractive initial rate of $2.99 per square foot for the first six months, transitioning to $3.25 per square foot thereafter. There is also the option to lease an adjacent 40,000 square foot bay, providing a total of 80,000 square feet for businesses needing even greater space. This property represents a compelling investment opportunity in a desirable location within Grundy County, Iowa, with a zip code of 50638. The property's coordinates are 42.3624977 latitude and -92.8117174 longitude.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1994
Total area 82,000 SF
Lot 38.11 ac (1,660,072 SF)
APN 871711100001
UPID US25-2415269

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
  • Building Supply Big Box & Wholesale Store

Location

21035 240Th St Grundy Center, IA 50638
Grundy Center metro Census 960300 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$980k

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message