Property profile

380 Wright Rd Norwalk, IA 50211

OFF-MARKET
Manufacturing properties
Property ID
US25-1982731
9,878 SF 3 ac lot Built 2002
Entity Owned 16-yr Hold
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2002
Construction FRAME
Total area 9,878 SF
Lot 3 ac (130,680 SF)
APN 63195030020
UPID US25-1982731

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • School District Office

Location

380 Wright Rd Norwalk, IA 50211-1661
Norwalk metro Census 20202 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$605k

Owner & transaction history

since 2009
1 recorded transaction
2009
$595,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.6M +117.5%
Office building $1.4M +89.3%
Medical building $1.1M +58.3%

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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