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Property profile & analytics
FOR SALE
Warehouses

415 62Nd St Marion, IA 52302

12,480 SF 1.48 ac lot Built 2004
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US25-0170057
Property summary
AI-generated overview

This exceptional 1.48-acre industrial property presents a remarkable opportunity for development or expansion in the thriving city of Marion, Iowa. Located at 415 62nd Street, Unit Building B, this expansive lot offers significant potential for businesses seeking a strategic location within a dynamic market. The property's generous size allows for considerable flexibility in design and construction, accommodating a wide range of industrial projects. Its prime location within Marion provides easy access to major transportation routes, ensuring efficient logistics and distribution. The absence of existing structures on the land provides a blank canvas for customized development, tailored to specific operational needs. This presents a unique chance to create a state-of-the-art facility, optimized for productivity and efficiency. The property's zoning and permitted uses should be verified independently to ensure compliance with intended development plans. Given the scarcity of available industrial land in this area, this offering represents a compelling investment opportunity with significant long-term growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is being offered at a price to be determined. Interested parties should contact the listing agent for further details and pricing information. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Construction STEEL FRAME
Total area 12,480 SF
Lot 1.48 ac (64,469 SF)
APN 15-04-1-77-002-0-0000
UPID US25-0170057
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
$773k
Blend (final) Blend
$775k
Owner & transaction history
Apex Investments 2004 LLC · 22 yrs held
Apex Investments 2004 LLC
since 2004
5 recorded transactions
2008
Price N/A
2004
Price N/A
2004
$97,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.3M +109.3%
Medical building $1.2M +103.7%
Retail stores $1.0M +64.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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