3533 Main St Keokuk, IA 52632
Property profile & analytics
3533 Main St, Keokuk, IA 52632
- Warehouses
- 1,680 SF
- 1.00 lot acres
Property ID
US25-0627956
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 3533 Main St
- Year built
- 2014
- Construction
- FRAME
- Lot size
- 1.00 lot acres
- Property size
- 1,680 SF
- Property type
- Warehouses
- APN
- 04-45-21-14-378-0170
- APU
- 44521143780170
Description
This exceptional Keokuk, IA shopping center presents a compelling value-add investment opportunity. The 22,200 square foot, single-story building, constructed in 1997 and situated on a 13.69-acre lot, boasts 100% occupancy with five tenants, including two credit tenants. The property features a recently resurfaced parking lot with 120 spaces, providing ample convenience for shoppers and employees. Located at 3533 Main St, the center benefits from high visibility on a major thoroughfare with 12,100 vehicles passing daily, providing excellent access to customers. The current Net Operating Income (NOI) is $65,085, with a pro-forma NOI of $88,723, reflecting a potential for significant revenue growth. The property is zoned C-Commercial, allowing for flexibility in future development. The current lease type is NNN, with a five-year lease term and two years remaining on the current agreements. Rent bumps are included in the lease agreements. The asking price is $850,000, representing a current cap rate of 7.66% and a pro-forma cap rate of 10.44%. This investment offers a strong foundation for long-term growth and profitability in the thriving commercial landscape of Southeast Iowa. The property's size and location provide significant potential for future expansion and diversification of revenue streams.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Keokuk
- County
- Lee
- State
- Iowa
- Longitude
- -91.4073
- Latitude
- 40.423
- CBSA code
- 22800
- CBSA name
- FORT MADISON-KEOKUK, IA-IL-MO MICROPOLITAN 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
$4,780
$20,000
$153,520
$173,520
-
$20,000
$153,520
$173,520
