Property profile

2616 2nd Ave Indianola, IA 50125

OFF-MARKET
Warehouses
Property ID
US25-2197337
8,940 SF 7.89 ac lot Built 1999
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1999
Construction FRAME
Total area 8,940 SF
Lot 7.89 ac (343,825 SF)
APN 48870260641
UPID US25-2197337

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Agricultural Supply
  • Gas Station
  • Landscaping

Location

2616 2nd Ave Indianola, IA 50125-9122
Indianola metro Census 20900 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$994k
Blend (final) Blend
$745k

Owner & transaction history

since 2014
1 recorded transaction
2014
$4,840

Zoning & alternative use

Top alternative use upside
Medical building $1.0M +56.8%
Restaurant $805,000 +22.8%
Auto repair, garage $755,000 +15.0%

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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