Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2585 Pettibone Ave Muscatine, IA 52761-9137
    Back to Search
    Property profile & analytics

    2585 Pettibone Ave, Muscatine, IA 52761-9137

    View on Map
    • Flex space
    • 676 SF
    • 23.18 lot acres
    Off-Market
    Property ID
    US25-1687610
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • River Trading Co / Department Store
    • Hull Enterprises / Trucking Company

    Property Details for 2585 Pettibone Ave

    Year built
    2002
    Construction
    FRAME
    Lot size
    23.18 lot acres
    Zone code
    I2-HEAVY INDUSTRIAL
    Property type
    Flex space
    APN
    1322300014
    APU
    1322300014

    Description

    This exceptional 46.74-acre property in Muscatine, IA, presents a unique investment opportunity. Located just south of Muscatine, it boasts prime I-2 heavy industrial zoning and direct access to the Mississippi River via a barge dock. The site includes five existing industrial buildings totaling 20,276 square feet, offering versatile space for various operations. Building sizes are diverse, ranging from a substantial 6,500 square feet down to a smaller 676 square feet, allowing for flexibility in tenant occupancy or internal operations. The expansive acreage is perfectly suited for open storage or stockpiling of bulk materials such as salt, gravel, wood pellets, or similar products. The combination of river access, ample land, and existing building infrastructure makes this property exceptionally well-positioned for businesses requiring efficient logistics and substantial storage capacity. The property's location offers convenient access to transportation networks, enhancing its appeal for companies seeking a strategic distribution hub. This is a rare opportunity to acquire a significant industrial asset with substantial potential for growth and profitability. The asking price is $1,600,000. The property address is 2585 Pettibone Avenue, Muscatine, IA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Muscatine
    County
    Muscatine
    State
    Iowa
    Longitude
    -91.0725
    Latitude
    41.3654
    CBSA code
    34700
    CBSA name
    MUSCATINE, IA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,999
    $532,110
    $699,930
    $1,232,040
    -
    $532,110
    $699,930
    $1,232,040

    Comparable in this City

    • Value Estimation by Request
      1,225 SF

      2246 Funks Hl Rd

      LIGHT INDUSTRIAL
      2246 Funks Hl Rd, Muscatine, IA 52761-9397
      View Details
    • Value Estimation by Request
      12,000 SF

      2211 Grandview Ave

      LIGHT INDUSTRIAL
      2211 Grandview Ave, Muscatine, IA 52761-1315
      View Details
    • Value Estimation by Request
      3,500 SF

      1814 Lucas St

      LIGHT INDUSTRIAL
      1814 Lucas St, Muscatine, IA 52761-2950
      View Details
    • Value Estimation by Request
      1,150 SF

      Muscatine, IA 52761

      LIGHT INDUSTRIAL
      Muscatine, IA 52761
      View Details
    • Value Estimation
      $1,045,000
      19,520 SF

      2458 Hwy 22

      LIGHT INDUSTRIAL
      2458 Hwy 22, Muscatine, IA 52761-8704
      View Details
    • Value Estimation by Request
      3,160 SF

      1209 Washington St

      LIGHT INDUSTRIAL
      1209 Washington St, Muscatine, IA 52761-4735
      View Details

    Similar Nearby for Sale

    • $4,950,000
      272,900 SF

      Muscatine Industrial Property for Sale

      Industrial property with easy highway access in Muscatine, Iowa.
      2900-2918 Highway 22, Muscatine, IA 52761
      View Details
    • Contact for pricing
      225,550 SF

      Muscatine Industrial Portfolio For Sale

      Industrial portfolio in Muscatine, Iowa with highway access.
      2900 Highway 22, Muscatine, IA 52761
      View Details
    • Contact for pricing
      Pending

      Spacious Condo with Updated Kitchen

      Two-bedroom condo featuring updated kitchen and private baths.
      2906 180Th St, Muscatine, IA 52761
      View Details
    • Contact for pricing

      Commercial Lot on Park Avenue

      Highly visible commercial lot for sale in Muscatine, Iowa.
      1508 Park Ave, Muscatine, IA 52761
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Muscatine Industrial Spaces Available

      Industrial spaces available for rent, ranging from 1,500 to 3,000 SqFt.
      1510 Grandview Ave, Muscatine, IA 52761
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Muscatine, Iowa.
      431 Lake Park Blvd, Muscatine, IA 52761
      View Details
    • Contact for pricing
      3,714 SF

      Retail Space in Neighborhood Center

      3714 SF retail space available in Muscatine, Iowa.
      431 Lake Park Blvd, Muscatine, IA 52761
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2585 Pettibone Ave
    Muscatine, IA 52761-9137
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2585 Pettibone Ave, Muscatine, IA, 52761
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!