Property profile

24 Ellefson Dr De Soto, IA 50069

OFF-MARKET
Warehouses
Property ID
US25-0759241
7,800 SF 0.5 ac lot Built 2017
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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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

Location

24 Ellefson Dr De Soto, IA 50069
De Soto metro Census 50902 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$700,000
6 recorded transactions
2024
Price N/A
2020
Price N/A
2020
$700,000
2017
$20,000
2017
$50,000
2015
$240,000

Zoning & alternative use

Top alternative use upside
Office building $1.1M +17.2%

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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