Property profile

27759 Fairground Rd Adel, IA 50003

FOR LEASE
Warehouses
Property ID
US25-0214513
3,940 SF 1.51 ac lot Built 2019
Individually Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 27759 Fairground Rd, Adel, IA 50003, offers a versatile space ideal for a variety of businesses. The building totals 3,773 square feet and is currently 100% vacant, presenting a unique opportunity for immediate occupancy. The property is zoned C-Commercial, allowing for a wide range of permitted uses. Flexible space options are available, with a minimum divisible unit of 630 square feet and a maximum contiguous space of 3,143 square feet. Multiple tenancy is possible, making it suitable for businesses requiring separate areas or expansion potential. The building boasts a 14-foot ceiling height, providing ample vertical space for storage or high-bay racking systems. This property is strategically located in Adel, Iowa, offering easy access to major transportation routes and a thriving local economy. The address is easily accessible and provides ample space for loading and unloading. Don't miss this chance to secure this well-located and adaptable industrial space. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2019
Construction FRAME
Total area 3,940 SF
Lot 1.51 ac (65,775 SF)
APN 1120353002
UPID US25-0214513

Cap rate & NOI

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

Location

27759 Fairground Rd Adel, IA 50003
Adel metro Census 50700 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2006
5 recorded transactions
2022
Price N/A
2006
$40,000
2005
$40,000
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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