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708 Rossville Rd Waukon, IA 52172

Warehouses Google Maps
6,072 SF 0.45 ac lot Built 2016
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID US25-2353533

Property summary

AI-generated overview

This exceptional 6,072 square foot commercial building presents a unique opportunity for businesses seeking to establish or expand their presence in the thriving Waukon, IA area. Strategically located adjacent to Waukon's burgeoning new business development, this property benefits from high visibility and convenient access. The development includes a new Chevrolet dealership, a dollar store, and a large multi-unit apartment complex currently under construction, ensuring a growing customer base and increased foot traffic. The building itself boasts impressive dimensions of 66' x 92' x 16', featuring four 12' x 14' garage doors equipped with openers, making it suitable for a variety of commercial uses. Constructed with a durable ladder frame, the building incorporates energy-efficient features such as R19 wall insulation, blown-in ceiling insulation, and LED lighting. Radiant heat provides comfortable year-round temperatures, while the space is already plumbed for two bathrooms. A dedicated office area offers a professional workspace separate from the main building area. The 0.46-acre lot provides ample space for expansion or outdoor storage. Priced at $549,000, this property represents an excellent investment opportunity in a rapidly developing area. Don't miss this chance to secure a prime location in Waukon's exciting commercial landscape.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2016
Construction FRAME
Total area 6,072 SF
Lot 0.45 ac (19,800 SF)
APN 1031426002
UPID US25-2353533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2016
1 recorded transaction
2016
$28,500

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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