Property profile

216 1st St Story City, IA 50248

OFF-MARKET
Office buildings
Property ID
US25-0621063
2,500 SF 8.68 ac lot Built 1987
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional Story City, Iowa industrial property, located at 216 W 1st St, offers a substantial 93,203 square feet of manufacturing and warehouse space across five single-story buildings. The property sits on a generous 8.68-acre lot and is classified as Class B. Built in 1987, the property features one large suite totaling 93,203 square feet, currently with 10,700 square feet available for lease. The building boasts convenient drive-in access and robust power capabilities, including 2000 AMP three-phase electrical service. While elevators are not present, the single-story design ensures efficient workflow. The property is zoned for industrial use and is situated in Story County, Iowa, with a zip code of 50248. This versatile space is ideal for a variety of industrial operations, offering significant potential for businesses seeking a well-located and functional facility. The property's ample size and strategic location within Story County provide excellent opportunities for growth and expansion. Interested parties should note that the property is zoned for industrial use.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction STEEL FRAME
Total area 2,500 SF
Lot 8.68 ac (378,101 SF)
APN 01-14-225-200
UPID US25-0621063

Cap rate & NOI

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

Location

216 1st St Story City, IA 50248-1900
Story City metro Census 10600 AMES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$450k
Comparable Approach Comparable
$508k
Blend (final) Blend
$625k

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
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