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Property profile & analytics
OFF-MARKET Estimated value $180,000
Warehouses

500 Marion N Rd Central City, IA 52214

2,520 SF 1.47 ac lot Built 1952
Entity Owned Absentee Owner Free & Clear
Property ID
US25-1385316
Property summary
AI-generated overview

This exceptional offering presents a rare opportunity to acquire approximately 12 acres of level, developable land in Central City, Iowa. Conveniently located at 500 Marion Rd S, this property is zoned M-1, Light Industrial, making it ideal for a variety of commercial and industrial uses. The sale includes an existing garage and barn, adding immediate value and potential utility. While the seller's records indicate approximately 12 acres, the assessor's records show 9.9 acres, and the City of Central City suggests the actual acreage may be higher. A survey will be conducted to determine the precise acreage upon sale. The seller will retain a house situated on the northwest corner of the property and will have it surveyed separately. This property is priced at $1,071,576, translating to approximately $89,298 per acre. The sale price equates to $2.05 per square foot, based on the seller's acreage estimate. This prime location in Linn County, Iowa (zip code 52214), offers significant potential for development and investment. Don't miss this chance to secure this valuable industrial land parcel. The APN is 07034-53005-00000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1952
Total area 2,520 SF
Lot 1.47 ac (64,033 SF)
Zoning code GC
APN 02-34-4-51-007-0-0000
UPID US25-1385316
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
$180k
Owner & transaction history
CENTRAL CITY COMM SCHOOL DIST SUPERINTENDENT
CENTRAL CITY COMM SCHOOL DIST SUPERINTENDENT
Zoning & alternative use
GC · Central City, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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