Drive-Through Industrial Condo
128 Greenfield Dr Tiffin, IA 52340
128 Greenfield Dr, Tiffin, IA, 52340
$419,900
For Sale
$419,900
COMMERCIAL - Tiffin, IA
Property Size3,120 SF
Lot Size0.07 Acres
Price / SF$134.58
Days on Market111
Property Features for 128 Greenfield Dr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M2
- Standard status
- Active
- APN
- 0633458018
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1133
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 8:23 pm Checked: Jul 21 at 1:06 am
MLS# 202602197
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.
Immediate possession is available for new commercial condos for sale off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa. The listing includes Unit D as a double unit configuration, totaling 3,120 square feet. Each unit includes one restroom and is set up for industrial use with gas heaters.
Unit D features drive-through access designed for straightforward inbound and outbound movement. The unit has two 12' x 14' garage doors and 16' sidewalls, supporting practical vehicle and storage clearances. Additional operating detail noted in the listing includes CAM of $102 per month. Some photos provided are of a similar property.
This unit is well suited for tenants and buyers looking for a compact industrial footprint with drive-through functionality and straightforward overhead access. With two garage doors, gas heat, and dedicated restroom space, the layout supports a range of light industrial and distribution-style operations where efficient vehicle flow matters. Condos are offered for sale in this newly developed setting, providing an owner-occupant or investor-ready option with immediate possession.
Unit D features drive-through access designed for straightforward inbound and outbound movement. The unit has two 12' x 14' garage doors and 16' sidewalls, supporting practical vehicle and storage clearances. Additional operating detail noted in the listing includes CAM of $102 per month. Some photos provided are of a similar property.
This unit is well suited for tenants and buyers looking for a compact industrial footprint with drive-through functionality and straightforward overhead access. With two garage doors, gas heat, and dedicated restroom space, the layout supports a range of light industrial and distribution-style operations where efficient vehicle flow matters. Condos are offered for sale in this newly developed setting, providing an owner-occupant or investor-ready option with immediate possession.
Key Highlights
- Immediate possession available
- Drive‑through access with two 12'x14' garage doors
- New construction completed in 2023
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 | $30.0k | $9.60 |
| − Vacancy | −$1.3k | −$0.43 |
| EGI | $28.6k | $9.17 |
| − OpEx | −$4.3k | −$1.38 |
| NOI | $24.3k | $7.79 |
3,120 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$347.3K
$303.9K – $405.2K
NOI $24,314 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$266.8K
$233.4K – $311.2K
NOI $18,673 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$677.8K
$593.1K – $790.7K
NOI $47,444 @ 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 - New industrial condo offers drive-through access, two large garage doors, and gas heat for immediate operating capability.
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 $419,900.
What are key features of this property?
This property features: Immediate possession available; **Drive‑through access with two 12'x14' garage doors**; New construction completed in 2023
