Property profile

6240 Gtwy Dr Marion, IA 52302

OFF-MARKET
Other warehouses
Property ID
US25-0326222
19,000 SF 1.58 ac lot Built 2020
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is an engineered steel commercial building located near the intersection of Highway 13 and Highway 151 in Marion. It contains 22,451 square feet of building area, including 19,000 square feet on the main floor, with 26-foot side walls. The structure has three 12' x 12' glass overhead doors and includes a fully equipped commercial kitchen that is plumbed for a hood vent and a grease trap (appliance details are negotiable). The interior layout features a grand foyer with a hotel-lobby style appearance, an open gym area suited to uses such as fitness classes, events, or showroom and similar activities, and a full glass wall at the entry. The second floor is arranged into three bays/rooms, which can support installations such as golf simulators or use as private office or event spaces, and includes a private office with its own restroom plus a viewing area overlooking the gym. The exterior includes a concrete parking lot with 70 parking stalls, including three designated handicap spaces.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 2020
Construction STEEL FRAME
Total area 19,000 SF
Lot 1.58 ac (68,825 SF)
APN 15-04-1-01-007-0-0000
UPID US25-0326222

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

6240 Gtwy Dr Marion, IA 52302-7238
Marion metro Census 10500 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2020
Last sale
$185,000
3 recorded transactions
2021
Price N/A
2020
Price N/A
2018
$185,000

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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