NOT LISTED FOR SALE

Estimated Value: $2,550,336

-- Bed
-- Bath
2,400 Sq Ft
$1,063/Sq Ft Est. Value

Last Sold November 29, 2017

Last sale price $966,500 $403 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $18,644/month

About This Home

As of January 2022

Clean 49,700SF warehouse/manufacturing space for lease. Easy access to I-280. 300 amp 277/480 volt 3 phase power with sprinkler system extra hazard group 1 and new LED lighting throughout. 16' under beam at center. New heating units in warehouse area.

Last Agent to Rent the Property

Chris Wilkins

Hawkeye Commercial Real Estate License #B37729000/475.139041 Listed on: 06/23/2021

Last Renter's Agent

Margery Stratton

Mel Foster Co. Commercial License #B15127000/471.001981

Mel Foster Co. Commercial

Property Details

Property Type

  • Other

Year Built

  • 1973

Lot Details

  • 2.07

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, internal maintenance, common area maintenance, janitorial, trash, snow/lawn, gas, electric, heating, cooling, water/sewer, management
  • The owner pays for structural maintenance, roof

Property Details

Property Type

Other

Year Built

1973

Lot Details

0

Rental Info

  • Landlord Contribues T I: Negotiable
  • Lease Dollar Sq Ft: 4.35
  • Lease Type: Net
  • Owner Pays: Structural Maintenance, Roof
  • Tenant Pays: Real Estate Taxes, Insurance, Internal Maintenance, Common Area Maint, Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer, Management
  • Terms Lease: 5 Years

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial
  • Lvt Date: 06/24/2021
  • Flood Insurance: Unknown
  • Handicap Modified: Yes
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other
  • Year Built: 1973

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 49700
  • Estimated Lot Sq Ft: 90000

Exterior Features

  • Exterior Finish: Brick, Steel
  • Fenced: Yes
  • Frontage Access: Paved 2Lane
  • Insulation: Party Walls, Roof
  • Roof Construction: Metal
  • Wall Construction: Block, Masonry, Steel/WD Frame

Garage/Parking

  • Numberparking Spaces Allocated: 29

Utilities

  • Cooling: Office Only
  • Heating: Forced Air
  • Security System: Yes
  • Sprinkler: Yes
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 2.07
  • Zoning: I-2
  • Geo Subdivision: IA
  • Property Use: Distribution Warehouse, Manufacturing

Tax Info

  • Annual Taxes: 36016
  • Parcel Id Number Tax Id: 20535-01
  • Estimated Taxes Sq Ft: 0.73
  • Tax Incentive: In City Limit
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2024
Sold by
Seesta Llc
Bought by
Davenport Leasing Co Lc
Current Estimated Value
$2,550,336

Purchase Details

Listed on
Jun 5, 2020
Closed on
May 20, 2021
Sold by
Kimmel Drive Llc
Bought by
Seesta Llc
Seller's Agent
Margery Stratton
Mel Foster Co. Commercial
Buyer's Agent
Chris Wilkins
Hawkeye Commercial Real Estate
Sold Price
$1,960,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,678,750
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2010
Closed on
Sep 24, 2012
Sold by
Wright Polly F and Wright Laurence S
Bought by
Lfpsd Enterprises Llc
Seller's Agent
Mike Burke
Mel Foster Co. Commercial
Buyer's Agent
Richard Schaefer
NAI Ruhl Commercial Company
List Price
$1,596,000
Sold Price
$925,000
Premium/Discount to List
-$671,000
-42.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$850,000
Interest Rate
3.58%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Davenport Leasing Co Lc $2,250,000 None Listed On Document
Seesta Llc $1,960,000 None Listed On Document
Lfpsd Enterprises Llc $925,000 Meridian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seesta Llc $1,678,750
Previous Owner Lfpsd Enterprises Llc $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2022 01/02/22 Rented $321,310 0.0% --
01/01/2022 01/01/22 Off Market -- -- --
06/23/2021 06/23/21 For Rent $321,310 -83.6% --
05/26/2021 05/26/21 Rented $1,960,000 0.0% --
03/09/2021 03/09/21 Under Contract -- -- --
06/05/2020 06/05/20 For Rent $1,960,000 +506.6% --
06/25/2018 06/25/18 Rented $323,088 0.0% --
06/25/2018 06/25/18 Under Contract -- -- --
06/25/2018 06/25/18 For Rent $323,088 0.0% --
11/29/2017 11/29/17 Sold $966,500 -19.1% $403 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
04/08/2016 04/08/16 For Sale $1,195,000 +29.2% $498 / Sq Ft
08/27/2012 08/27/12 Sold $925,000 -42.0% $385 / Sq Ft
08/03/2012 08/03/12 Pending -- -- --
01/10/2010 01/10/10 For Sale $1,596,000 -- $665 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $61,462 $1,886,070 $90,000 $1,796,070
2023 $36,860 $1,887,400 $90,000 $1,797,400
2022 $36,294 $1,099,780 $90,000 $1,009,780
2021 $36,294 $1,099,780 $90,000 $1,009,780
2020 $36,016 $1,099,780 $90,000 $1,009,780
2019 $34,692 $1,070,380 $90,000 $980,380
2018 $162 $1,070,380 $90,000 $980,380
2017 $9,633 $1,070,380 $90,000 $980,380
2016 $36,306 $1,024,600 $0 $0
2015 $36,306 $1,024,600 $0 $0
2014 $36,744 $1,024,600 $0 $0
2013 $39,054 $0 $0 $0
2012 -- $1,024,600 $93,200 $931,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4223240

RMLS Alliance

APN: 20535-01