Property profile

805 50th St Marion, IA 52302

OFF-MARKET
Warehouses
Property ID
US25-0344179
5,760 SF 1 ac lot Built 1990
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 13,000-square-foot industrial property in Marion, Iowa, presents a unique opportunity for businesses seeking ample space and versatile functionality. Situated on a one-acre lot, this property boasts four separate buildings, offering a diverse range of options for operations and storage. The main building, comprising approximately 6,000 square feet, features three offices, a reception area, a break room with a sink, two restrooms, and five shop bays equipped with two furnaces. One bay is conveniently fitted with a service pit, while another is specifically designed for vehicle washing, complete with a built-in pressure washer and floor drain. A second building, located at the rear of the property, adds another approximately 6,000 square feet of space with five bays and a furnace for two of the bays. Two smaller structures, a small office building and a small warehouse, are situated on the southwest corner of the property. Ten drive-in doors provide easy access, complemented by an outdoor dock for efficient loading and unloading of materials. The property is zoned for Business Regional use and features 220-volt power. Previously occupied by a successful concrete contractor, this property offers significant potential for a variety of industrial and commercial uses. The ample space, multiple buildings, and outdoor storage area make this an attractive option for businesses requiring substantial operational space. The Linn County location provides convenient access to transportation routes and local amenities. The property's APN is 150422600400000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1990
Total area 5,760 SF
Lot 1 ac (43,560 SF)
APN 15-04-2-26-004-0-0000
UPID US25-0344179

Cap rate & NOI

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

Location

805 50th St Marion, IA 52302-3852
Marion metro Census 103 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2019
Price N/A
2015
Price N/A
2012
Price N/A

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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