Drive-Through Commercial Condo
128 Greenfield Dr Tiffin, IA 52340
128 Greenfield Dr, Tiffin, IA, 52340
$349,900
For Sale
$349,900
COMMERCIAL - Tiffin, IA
Property Size2,640 SF
Lot Size0.06 Acres
Price / SF$132.54
Days on Market111
Property Features for 128 Greenfield Dr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M2
- Standard status
- Active
- APN
- 0633458020
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1089
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 2023
- Flooring type
- Concrete
- Building materials
- Frame
- Roof type
- Metal
Listing Agency
GATEWAY ACCESS REALTY
(319) 665-4300
1295 JORDAN ST, SUITE #1 PO BOX 858, North Liberty, IA
Listed by
Karla Davis
(319) 981-0890
Added: Apr 2 Updated: Jun 30 at 8:20 pm Checked: Jul 21 at 1:06 am
MLS# 202602199
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
New commercial condos are available for sale with immediate possession. Each unit is configured for light industrial or flexible warehouse use, with drive-through access and two 12' x 14' garage doors. The buildings include 16' sidewalls, gas heaters, and one restroom per unit. Unit F is noted as extra large at 2,640 square feet. CAM is listed at $102 per month.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa, at 128 Greenfield Dr. The setting is designed for easy vehicle movement, supported by the drive-through arrangement and garage-door access.
This setup can fit tenants or buyers looking for a manageable industrial footprint with straightforward entry and exit, gas heat, and basic restroom accommodations on site. Unit F’s extra-large configuration may be suitable for operations that require more interior space while still benefiting from convenient drive-through access.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa, at 128 Greenfield Dr. The setting is designed for easy vehicle movement, supported by the drive-through arrangement and garage-door access.
This setup can fit tenants or buyers looking for a manageable industrial footprint with straightforward entry and exit, gas heat, and basic restroom accommodations on site. Unit F’s extra-large configuration may be suitable for operations that require more interior space while still benefiting from convenient drive-through access.
Key Highlights
- New commercial condo unit built in 2023
- Unit F is extra large at 2,640 SF with concrete flooring
- Drive‑through access with two 12' x 14' garage doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.3k | $9.60 |
| − Vacancy | −$1.1k | −$0.43 |
| EGI | $24.2k | $9.17 |
| − OpEx | −$3.6k | −$1.38 |
| NOI | $20.6k | $7.79 |
2,640 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$293.9K
$257.2K – $342.9K
NOI $20,573 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$225.7K
$197.5K – $263.3K
NOI $15,800 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$573.5K
$501.8K – $669.1K
NOI $40,145 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Newly built condo with drive-through access, two large garage doors, and individual restroom for flexible industrial use.
Where is this flex space located?
The property is located at 128 Greenfield Dr Tiffin, IA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: New commercial condo unit built in 2023; Unit F is extra large at 2,640 SF with concrete flooring; Drive‑through access with two 12' x 14' garage doors
