Property profile

7829 Hwy 28 Prole, IA 50229

OFF-MARKET
Warehouses
Property ID
US25-0636098
6,240 SF 2.48 ac lot Built 2018
Individually Owned 13-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2018
Construction FRAME
Total area 6,240 SF
Lot 2.48 ac (108,028 SF)
APN 9000030867
UPID US25-0636098

Cap rate & NOI

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

Location

7829 Hwy 28 Prole, IA 50229-9570
Prole metro Census 21200 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
$742k
Blend (final) Blend
$535k

Owner & transaction history

since 2013
1 recorded transaction
2013
$385,000

Zoning & alternative use

Top alternative use upside
Office building $860,000 +68.0%
Medical building $720,000 +40.5%
Restaurant $610,000 +19.1%

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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