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    Property profile & analytics
    OFF-MARKET Estimated value $700,000
    Warehouses

    24 Ellefson Dr, De Soto, IA 50069

    7,800 SF 0.5 ac lot Built 2017
    Individually Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US25-0759241
    Property summary
    AI-generated overview

    This exceptional Class A warehouse, built in 2020, presents a rare investment opportunity in De Soto, Iowa. Located at 24 Ellefson Dr, this single-unit property boasts 5,400 square feet of space on a half-acre lot (0.5 acres). The building features a 16-foot ceiling height, providing ample storage and operational flexibility. Three drive-in doors ensure efficient loading and unloading, while the high-end office finishes create a professional and comfortable workspace. The building's single-story design optimizes functionality and accessibility. The asking price is $860,000, translating to $159.26 per square foot. Its strategic location offers quick access to I-80, providing excellent connectivity for regional distribution and logistics. This property is ideal for businesses seeking a modern, efficient, and well-located warehouse space. The property is situated in Dallas County, Iowa, with a zip code of 50069. This is a unique opportunity to acquire a high-quality, single-tenant warehouse in a desirable location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2017
    Construction FRAME
    Total area 7,800 SF
    Lot 0.5 ac (21,780 SF)
    APN 1519153012
    UPID US25-0759241
    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
    $700k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $726k
    Blend (final) Blend
    $700k
    Owner & transaction history
    Lyle A Christensen · 2 yrs held
    Lyle A Christensen
    since 2024
    Last sale
    $700,000
    6 recorded transactions
    2024
    2020
    2020
    $700,000
    2017
    $20,000
    2017
    $50,000
    2015
    $240,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.1M +17.2%
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