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    2675 9th St Carter Lake, IA 51510-1575

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    2675 9th St Carter Lake, IA 51510-1575

    View on Map
    • Warehouses
    • 30,000 SF
    • 1.89 lot acres
    Off-Market
    Last Sale Apr 8, 2020
    $1,682,500
    Property ID
    US25-2565362
    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
    $2,045,000
    Show details
    Cap Rate Potential
    7.2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • OnTrac / Shipping Company / Freight Service

    Property Details for 2675 9th St

    Year built
    2001
    Lot size
    1.89 lot acres
    Property size
    30,000 SF
    Property type
    Warehouses
    APN
    7544 21 301 001
    APU
    754421301001

    Description

    This exceptional single-story warehouse, located at 2675 N 9th St, Carter Lake, IA 51510, offers 30,000 square feet of space, with 20,000 square feet currently available for lease. Built in 2001, the property sits on a generous 1.89-acre lot and boasts a convenient single-tenant occupancy. The warehouse features an impressive 18-foot ceiling height, providing ample vertical space for storage or operations. Efficient loading and unloading are ensured with six loading docks and three drive-in doors. Parking is readily available with a 3:1,000 ratio. Its strategic location offers easy access to Downtown Omaha and Eppley Airfield, making it an attractive option for businesses needing convenient transportation links. This property presents a unique opportunity for businesses seeking a functional and well-located warehouse space in the Carter Lake area. The building's single-story design and ample parking further enhance its practicality and appeal. The substantial vacant space allows for customization to meet specific operational needs. Don't miss this chance to secure a prime industrial property in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,300,000
      ML approach
      $2,080,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,750,000
      6.5%
      $2,540,000
      7%
      $2,360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,720,000
      Market price range: $715k - $2.02M
      AI Estimate
      $2,325,000
      Market price range: $893k - $2.80M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,350,000
      Current use
      RETAIL STORES
      $1,430,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Carter Lake
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.917
    Latitude
    41.2828
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN 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
    $41,870
    $108,400
    $1,298,800
    $1,407,200
    -
    $108,400
    $1,298,800
    $1,407,200

    Comparable in this City

    • Value Estimation by Request
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      2750 5th St

      WAREHOUSE, STORAGE • 2,592 SF
      2750 5th St, Carter Lake, IA 51510
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      4.76 Acres

      900 Ave H H

      WAREHOUSE, STORAGE • 4.76 Acres
      900 Ave H H, Carter Lake, IA 51510-1566
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      78,400 SF

      900 Avenue H

      Distribution properties • 78,400 SF
      900 Avenue H, Carter Lake, IA 51510
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      8,130 SF

      4434 17th St

      WAREHOUSE, STORAGE • 8,130 SF
      4434 17th St, Carter Lake, IA 51510-1145
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    • Value Estimation by Request
      14.02 Acres

      1100 Ave H H

      WAREHOUSE, STORAGE • 14.02 Acres
      1100 Ave H H, Carter Lake, IA 51510-1526
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Carter Lake Flex Space Available

      Flex space in Carter Lake near Omaha and Eppley Airfield.
      2730 N 5Th St, Carter Lake, IA 51510
      View Details
    • $9 SF/Yr
      1,600 SF

      Carter Lake Flex Space Available

      Flex space near Downtown Omaha and Eppley Airfield.
      2730 North 5Th St, Carter Lake, IA 51510
      View Details
    • $3,200 /Mo
      7 SF

      Fenced Land with Rail Potential

      7.70 AC fenced lot with outside storage and rail potential.
      Avenue H East, Carter Lake, IA 51510
      View Details
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    2675 9th St
    Carter Lake, IA 51510-1575
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    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
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