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Property profile & analytics
FOR SALE
Warehouses
507 Research Dr, Perry, IA 50220
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0142016
For Sale
1 / 6
$1,300,000
507 Research Dr, Perry, IA 50220
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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
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
$1.41M
Blend (final)
Blend
$1.56M
Owner & transaction history
PERRY ECONOMIC DEVELOPMENT, INC
PERRY ECONOMIC DEVELOPMENT, INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Perry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perry submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$52 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,102
Tax year 2023
Assessed value
$942,860
Assessed 2024
Previous assessed
$942,860
+0.0% YoY
Effective rate
0.12%
On assessed value
Assessed land
$57,330
Assessed improvement
$885,530
Land market value
$57,330
Improvement market value
$885,530
Total market value
$942,860
Applied tax rate
670,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2022
Stories
1
Total area
30,000 SF
Lot
5.26 ac (229,300 SF)
APN
214279002
UPID
US25-0142016
Jurisdiction
DALLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Stories
1
Lot
5.26 ac
Current owner
From public records · entity-resolved
PERRY ECONOMIC DEVELOPMENT, INC
Entity
Free & Clear · 0 yrs held
Mailing address
1307 PO BOX 158TH ST, PERRY, IA 50220-0158
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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