Property profile

555 9th NE St Altoona, IA 50009

OFF-MARKET
Warehouses
Property ID
US25-0061023
302,604 SF 16.46 ac lot Built 2022
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2023-built industrial property offers 300,000 square feet of warehouse space, perfectly suited for distribution, manufacturing, or warehousing needs. The single-tenant building sits on 16.46 acres of land in Polk County, Iowa, providing ample room for operations and future expansion. Its strategic location offers easy access to Interstate 80, making it an ideal distribution hub. The building boasts a 32-foot ceiling height, facilitating efficient storage and handling of large goods. Loading and unloading are streamlined with 18 dock-high doors and 2 drive-in doors. Ample parking is available with 163 spaces to accommodate semi-trucks and trailers. The building's specifications include 3-phase 480v 3000 amp power, ensuring sufficient energy for demanding operations. The property is zoned M-1 Light Industrial, allowing for a variety of industrial uses. The building is a single-story structure, simplifying logistics and operations. This property presents a rare opportunity to acquire a state-of-the-art industrial facility in a highly desirable location. Its size, features, and accessibility make it an exceptional investment for businesses seeking efficient and strategically located warehouse space.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2022
Construction STEEL FRAME
Total area 302,604 SF
Lot 16.46 ac (717,016 SF)
APN 171/00001-001-080
UPID US25-0061023

Cap rate & NOI

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

Location

555 9th NE St Altoona, IA 50009-4242
Altoona metro Census 10703 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.06M

Owner & transaction history

since 2025
Last sale
$25.0M
2 recorded transactions
2025
$25.0M
2022
$1.4M

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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