405 Wapello S St Mediapolis, IA 52637-9796
This exceptional 15,384 square foot light industrial building is situated on a 0.7-acre lot in the heart of Mediapolis, Iowa. Its highly visible location offers unparalleled exposure for any business. Constructed using durable post-frame methods, the building features concrete floors throughout, providing a robust and versatile space. The interior includes well-appointed office areas, equipped with two bathrooms for the convenience of employees and clients. Heating is installed throughout the building, ensuring year-round operational capability. A significant advantage is the availability of 3-phase power, making it suitable for businesses with high electrical demands, such as manufacturing or those utilizing heavy machinery. This property presents a unique opportunity for businesses seeking expansion or a new location in a thriving Iowa community. The building's design and features cater to a wide range of industrial and commercial uses, offering flexibility and efficiency. The recent price reduction makes this an even more compelling investment opportunity. Don't miss the chance to secure this strategically located and well-equipped commercial property. The asking price is $485,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.