Industrial Condo with Garage
132 Greenfield Dr Tiffin, IA 52340
132 Greenfield Dr, Tiffin, IA, 52340
$195,000
For Sale
$195,000
COMMERCIAL - Tiffin, IA
Property Size1,560 SF
Lot Size0.04 Acres
Price / SF$125
Days on Market111
Property Features for 132 Greenfield Dr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M2
- Standard status
- Active
- APN
- 0633458002
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5772
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 21 at 1:06 am
MLS# 202602200
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 condominium units for sale are located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin. The offering includes units designed with warehouse-style clear height, featuring 16-foot sidewalls and a 12' x 14' garage door for loading and access. Each unit includes one restroom and is heated with gas heaters.
The property is zoned M2. A single unit footprint is listed as 0.0358 acres for the overall site information provided, with CAM noted at $102 per month. Some photos shown are of a similar property.
These units are well suited for buyers looking for standalone industrial space in a condo format, with direct drive-in access via the garage door and basic interior buildout that includes a restroom. The combination of warehouse clear height, gas heat, and limited shared expense (CAM as provided) supports a practical range of small-to-mid sized industrial and flex users, subject to M2 zoning requirements and lease or operating needs at the time of purchase.
The property is zoned M2. A single unit footprint is listed as 0.0358 acres for the overall site information provided, with CAM noted at $102 per month. Some photos shown are of a similar property.
These units are well suited for buyers looking for standalone industrial space in a condo format, with direct drive-in access via the garage door and basic interior buildout that includes a restroom. The combination of warehouse clear height, gas heat, and limited shared expense (CAM as provided) supports a practical range of small-to-mid sized industrial and flex users, subject to M2 zoning requirements and lease or operating needs at the time of purchase.
Key Highlights
- New 2023 construction commercial condos in Tiffin, located off I‑80 and Ireland Drive/Roberts Ferry Road
- Each unit offers 1,560 sq. ft. with 1 restroom per unit
- 12' x 14' garage door openings with 16' sidewalls per unit
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 6.23%
Second Best
Industrial
$133.4K
$116.7K – $155.6K
NOI $9,337 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
VSAM LLC
Warehouse & Storage
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - New industrial condos with 12-by-14 garage doors, 16-foot sidewalls, and in-unit restrooms for flexible warehouse use.
Where is this flex space located?
The property is located at 132 Greenfield Dr Tiffin, IA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: New 2023 construction commercial condos in Tiffin, located off I‑80 and Ireland Drive/Roberts Ferry Road; Each unit offers 1,560 sq. ft. with 1 restroom per unit; 12' x 14' garage door openings with 16' sidewalls per unit
