Industrial Flex Condo with
128 Greenfield Dr Tiffin, IA 52340
128 Greenfield Dr, Tiffin, IA, 52340
$209,900
For Sale
$209,900
COMMERCIAL - Tiffin, IA
Property Size1,560 SF
Lot Size0.04 Acres
Price / SF$134.55
Days on Market110
Property Features for 128 Greenfield Dr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M2
- Standard status
- Active
- APN
- 0633458019
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 944
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 8:15 pm Checked: Jul 20 at 11:06 pm
MLS# 202602198
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 industrial flex condos are available for sale with immediate possession at 128 Greenfield Dr, Tiffin, Iowa. This unit offers drive-through access and includes two 12' x 14' garage doors, 16' sidewalls, and one restroom. The space is heated with gas heaters.
The condos are located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, in Johnson County. The unit is 1,560 square feet, and CAM is listed at $102 per month.
This configuration is well suited for tenants or owner-operators needing convenient drive-through circulation and garage-door loading within an M2 industrial setting. Two overhead doors and the drive-through access can help support day-to-day receiving, service, or light industrial use, while the 16' sidewalls provide additional height for equipment and storage needs. One restroom and on-site heating are already in place for operational practicality.
The condos are located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, in Johnson County. The unit is 1,560 square feet, and CAM is listed at $102 per month.
This configuration is well suited for tenants or owner-operators needing convenient drive-through circulation and garage-door loading within an M2 industrial setting. Two overhead doors and the drive-through access can help support day-to-day receiving, service, or light industrial use, while the 16' sidewalls provide additional height for equipment and storage needs. One restroom and on-site heating are already in place for operational practicality.
Key Highlights
- Immediate possession available—new commercial condo in Tiffin
- 1,560 SF unit with drive‑through access and two 12' x 14' garage doors
- 16' sidewalls and metal roof
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 | $15.0k | $9.60 |
| − Vacancy | −$674 | −$0.43 |
| EGI | $14.3k | $9.17 |
| − OpEx | −$2.1k | −$1.38 |
| NOI | $12.2k | $7.79 |
1,560 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$173.7K
$152.0K – $202.6K
NOI $12,157 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$133.4K
$116.7K – $155.6K
NOI $9,337 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 11.30%
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 - Drive-through access and two 12-by-14 garage doors support straightforward loading for a M2-flex industrial condo.
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 $209,900.
What are key features of this property?
This property features: Immediate possession available—new commercial condo in Tiffin; 1,560 SF unit with drive‑through access and two 12' x 14' garage doors; 16' sidewalls and metal roof
