Property profile

2957 Hwy 13 Marion, IA 52302

OFF-MARKET
Warehouses
Property ID
US25-0145670
20,720 SF 6.25 ac lot Built 1978
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1978
Construction STEEL FRAME
Total area 20,720 SF
Lot 6.25 ac (272,250 SF)
Zoning code HC
APN 10-21-1-26-003-0-0000
UPID US25-0145670

Cap rate & NOI

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

Location

2957 Hwy 13 Marion, IA 52302-9658
Marion metro Census 10500 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$602k
Blend (final) Blend
$1.05M

Owner & transaction history

since 2023
Last sale
$1.4M
7 recorded transactions
2023
$1.4M
2021
Price N/A
2020
$500,000
2017
Price N/A
2013
$840,000
2010
Price N/A
1969
Price N/A

Zoning & alternative use

HC · Marion, IA
Top alternative use upside
Office building $1.6M +61.5%
Commercial (general) $1.3M +28.9%

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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