Property profile

26378 289th Pl Adel, IA 50003

OFF-MARKET
Warehouses
Property ID
US25-0393677
21,875 SF 3.11 ac lot Built 1999
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 106,375-square-foot warehouse is ideally situated in Adel, Iowa, a rapidly developing western suburb of the Des Moines metro area. The property enjoys a strategic location on Highway 6, offering a convenient 25-minute commute to downtown Des Moines and a quick 10-minute drive to Interstate 80. Its proximity to the new Apple data center further enhances its desirability. The warehouse features four dock-high doors and boasts ceiling heights ranging from 14 to 21 feet, providing ample space for various industrial uses. The property is classified as an owner/user investment opportunity with single tenancy. Internal features include a warehouse office space complete with a breakroom and a wet sprinkler system for enhanced safety. The building is rated for tire storage by the City of Adel, making it suitable for a range of businesses. Three-phase power is available, and ample on-site parking is provided. Outdoor storage is also permitted, adding to the property's versatility. This warehouse presents a unique opportunity to establish a presence in a thriving area with excellent transportation links and proximity to major infrastructure developments. The combination of size, features, and location makes this an attractive investment for businesses seeking a functional and strategically located industrial space.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1999
Total area 21,875 SF
Lot 3.11 ac (135,471 SF)
APN 1126300014
UPID US25-0393677

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
  • Corporate Office
  • Holding Company

Location

26378 289th Pl Adel, IA 50003-8571
Adel metro Census 50200 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.69M

Owner & transaction history

since 2009
4 recorded transactions
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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