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Financial
Distress signals
Property profile

21035 240Th St Grundy Center, IA 50638

FOR SALE
Other warehouses
Property ID
US25-2415269
82,000 SF 38.11 ac lot Built 1994
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 40,000-square-foot warehouse bay located within a larger industrial building on a sizable lot. The warehouse space was built in 1973 and is designated under M zoning. The space can be combined with adjacent areas to accommodate up to 80,000 square feet, supporting flexible occupancy configurations. The facility is located at 21035 240th Street in Grundy Center, Iowa, within minutes of Waterloo and Cedar Falls, and the tenant is responsible for electric utilities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$47k
Tax billed · 2023
Assessed value · 2024$1.95M
Assessed land$321k
Assessed improvement$1.63M
Effective rate2.41%

Value estimate

· Oct 2026
$980k
$882k – $1.08M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRUNDY

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.7
Auto Parts Store8.5
Wholesale Shop8.3

Location

21035 240Th St Grundy Center, IA 50638
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 8 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
104 6th, Grundy Center, IA 50638 $130,000 Apr 2024 5,400 SF
708 F, Grundy Center, IA 50638-1407 $85,000 Feb 2024 3,600 SF
Grundy Center, IA 50638 $15,640 May 2023 No data
108 6th, Grundy Center, IA 50638 $130,000 Dec 2020 2,800 SF
601 5th, Grundy Center, IA 50638-1635 $99,500 Sep 2020 5,996 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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