Property profile

507 Research Dr Perry, IA 50220

FOR SALE
Warehouses
Property ID
US25-0142016
30,000 SF 5.26 ac lot Built 2022
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 30,000-square-foot industrial building is available for sale. Located at 507 Research Dr in Perry, IA, zip code 50220, this single-story, 2024-built structure sits on a 5.26-acre lot within the Perry Industrial Park. The property is zoned I - Industrial and offers a 30-foot ceiling height, making it ideal for various distribution, flex, or warehouse uses. The asking price is $1,500,000, or $50 per square foot. The Perry Industrial Park is a 151-acre certified site for light industrial development, featuring established research and science park tenants and readily available gig-ready fiber optic infrastructure. All necessary utility infrastructure is in place, and the site has completed surveys and environmental assessments, including Phase 1 EAS, cultural, wetlands, geotechnical/soil, and endangered species studies. This vacant building presents a turnkey opportunity for immediate occupancy. The building is currently a shell, awaiting final use layouts.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2022
Total area 30,000 SF
Lot 5.26 ac (229,300 SF)
APN 214279002
UPID US25-0142016

Cap rate & NOI

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

Location

507 Research Dr Perry, IA 50220
Perry metro Census 50500 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$610k

Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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