$966,500
SOLD NOV 29, 2017
-- Bed
-- Bath
2,400 Sq Ft
2.06 Acres

Recently Sold

$403 Per Sq Ft

19% Below List Price

544 Days on Market

About This Home

As of November 2017

47,900 SF warehouse/manufacturing building for sale or lease. Easy access to I-280. 2,400 SF office and 45,500 SF warehouse/manufacturing space with 16' eave height. 14' at knee and 16' under beam at center. 3 dock high doors and 1 grade level door. Fenced outside storage. Sprinkler system (Extra Hazard Group 1 design criteria per NFPA Standard 13). Combination of radiant heat and gas fired unit heaters in warehouse. Office area offers 5 private offices, conference room and reception area. 300 Amp, 277/480 volt, 3 phase power.

Last Agent to Sell the Property

Richard Schaefer

NAI Ruhl Commercial Company License #S32803000/475.140021 Listed on: 04/08/2016

NAI Ruhl Commercial Company

Last Buyer's Agent

Margery Stratton

Mel Foster Co. Commercial License #B15127000/471.001981

Mel Foster Co. Commercial

Property Details

Property Type

  • Other

Year Built

  • Built in 1973

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

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

Property Details

Property Type

Other

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial
  • Year Built: 1973
  • Handicap Modified: Unknown
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 47900
  • Estimated Lot Sq Ft: 90,000 SF

Exterior Features

  • Exterior Finish: Steel
  • Frontage Access: Paved 2Lane, Inside Lot
  • Insulation: Roof, Side Walls
  • Roof Construction: Metal
  • Wall Construction: Steel/ST Fram

Garage/Parking

  • Numberparking Spaces Allocated: 29

Utilities

  • Cooling: Central Air, Office Only
  • Heating: Forced Air, Gas, Individual Units
  • Security System: Yes
  • Volts: 480
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 2.06
  • Zoning: M-2
  • Geo Subdivision: IA
  • Property Use: Flex Space

Rental Info

  • Lease Dollar Sq Ft: 2.5
  • Lease Type: Net
  • Owner Pays: Structural Maintenance
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Internal Maintenance, Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer
  • Terms Lease: 5 Years, Other Term/Lease

Tax Info

  • Annual Taxes: 36306
  • Parcel Id Number Tax Id: 20535-01
  • Estimated Taxes Sq Ft: 0.76
  • Tax Incentive: In City Limit
  • Tax Year: 2015

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 Type Sale Price Title Company
Warranty Deed $2,250,000 None Listed On Document
Warranty Deed $1,960,000 None Listed On Document
Warranty Deed $925,000 Meridian Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,678,750 New Conventional
Previous Owner $850,000 Commercial
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: RMAQC7036177

RMLS Alliance

APN: 20535-01