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Property profile & analytics
OFF-MARKET Estimated value $550,000
Warehouses

30847 323rd Ave Richland, IA 52585-8503

8,016 SF 2.26 ac lot Built 1960
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1649498
Property summary
AI-generated overview

This exceptional commercial property in Richland, IA, presents a significant opportunity for business owners. Spanning 2.26 acres, the property boasts two separate buildings totaling over 15,000 square feet of interior space. Each building is equipped with three-phase electric service and access to rural water, providing ample utility infrastructure. The east building, measuring 8,016 square feet, offers a versatile layout including a dedicated office, a break room, additional rooms for various uses, a bathroom, and a convenient concrete loading dock complete with an overhead door. The west building, at 7,280 square feet, features a spacious open floor plan, ideal for customization to suit a wide range of business needs. Both buildings feature fully concreted floors, ensuring durability and ease of maintenance. The property's expansive size and adaptable spaces make it suitable for a variety of commercial ventures, including warehousing, manufacturing, sales operations, agricultural businesses, and many other possibilities. This is an outstanding opportunity to establish or expand your business in a prime location. The asking price is $325,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1960
Total area 8,016 SF
Lot 2.26 ac (98,445 SF)
APN RLTOP-018700
UPID US25-1649498
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k
Owner & transaction history
Jeremy Ray Harbison · 3 yrs held
Jeremy Ray Harbison
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $835,000 +6.4%
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