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    Property profile & analytics
    OFF-MARKET Estimated value $2,800,000
    Warehouses

    6900 Partners Ave, Marion, IA 52302-5144

    35,200 SF 8.8 ac lot Built 2021
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-0123218
    Property summary
    AI-generated overview

    This Marion, IA industrial property offers a unique investment opportunity. The 47,200 square foot property comprises two buildings on an 8.8-acre lot, zoned PUD. Building 1, a 35,200 square foot climate-controlled warehouse, features 20 ground-level overhead doors and is constructed with 3-inch insulated metal panels. Its design allows for expansion to nearly 65,000 square feet. Building 2, a 12,000 square foot wood-frame flex building, includes 4 ground-level overhead doors and was completed in 2023. Both buildings share a parking lot. The property is divisible, with a minimum leasable space of 3,000 square feet and a maximum contiguous space of 35,200 square feet. Currently, 35,200 square feet is vacant. Built in 2021, the property offers multiple tenancy options, including the potential to lease each building separately or as a package. The site plan allows for the construction of up to four 12,000 square foot flex buildings, presenting significant expansion potential. This versatile property at 6900 Partners Ave, Marion, IA 52302, is ideal for entrepreneurs and businesses seeking flexible space and growth opportunities. The property's APN is 15032-27002-00000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2021
    Construction STEEL FRAME
    Total area 35,200 SF
    Lot 8.8 ac (383,328 SF)
    APN 15-03-2-27-002-0-0000
    UPID US25-0123218
    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
    $3.20M
    Comparable Approach Comparable
    $2.19M
    Blend (final) Blend
    $2.80M
    Owner & transaction history
    Dmfa LLC · 5 yrs held
    Dmfa LLC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $4.0M +130.8%
    Auto repair, garage $3.8M +117.5%
    Neighborhood: shopping center $3.6M +109.3%
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