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Warehouse Condo with Office Mezzanine

1650 Commercial Dr Walford, IA 52351

1650 Commercial Dr, Walford, IA, 52351

$230,000

For Sale

$230,000

COMMERCIAL - Walford, IA

Property Size2,400 SF

Lot Size0.68 Acres

Price / SF$95.83

AddedMar 3

Days on Market133

Last RefreshJul 14 at 6:06 pm

Property Features for 1650 Commercial Dr

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Comm
Standard status: Active
APN: 203020202201002
Size: 2,400 SF
Lot size: 0.68 Acres

Taxes and HOA fees

Tax Description: GRANT BLUFF COMMERCIAL CONDO BLDG #2 UNIT 203
Tax Annual Amount: 3582

Building Details

Year built: 2022
Flooring type: Concrete
Building materials: Frame
Roof type: Metal

Listing agent Trev Adair License #322502720

Listing office Pinnacle Realty LLC 1110 Dina Ct Suite A, Cedar Rapids, IA

Listing date Mar 3, 2026

MLS# 2601437

Copyright © 2026 Cedar Rapids 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.

This well-maintained warehouse condo is configured for both storage and day-to-day operations. The main level features open warehouse space plus a restroom. A mezzanine level provides an air-conditioned office area, creating separation from the warehouse floor for planning, admin work, or small operations.

The property is located at 1650 Commercial Dr in Walford, Iowa, in Linn County. It is zoned “Comm.” The building sits on a 0.68-acre lot and is offered for sale.

The layout supports owner-occupants and small business users who want an on-site workspace without giving up primary warehouse area. Contractors, storage-focused tenants, and light industrial users can benefit from the combination of open warehouse space, restroom access, and a dedicated air-conditioned office. The warehouse area includes a gas heater to support year-round comfort for working needs.

Key Highlights

Functional warehouse space ideal for contractors, storage, light industrial, or small business.
Mezzanine level with air‑conditioned office provides a private workspace.
Includes a restroom.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$27.4k	$11.40
− Vacancy	−$1.6k	−$0.68
EGI	$25.7k	$10.72
− OpEx	−$9.0k	−$3.75
NOI	$16.7k	$6.97

2,400 SF · lease $11.40/SF/yr · vacancy 6.00% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$238.8K

$209.0K – $278.6K (±1% cap)

NOI $16,717 @ 7.0% cap · market cap 7.27%

Second Best

Warehouse

$218.3K

$191.0K – $254.7K (±1% cap)

NOI $15,280 @ 7.0% cap · market cap 6.64%

Theoretical Best

Specialty Retail

$347.4K

$303.9K – $405.3K (±1% cap)

NOI $24,315 @ 7.0% cap · market cap 10.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Similar Off Market Nearby

Four Counties Storage — 1655 Commercial Dr, Walford, IA 52351

For sale
Warehouses
IA
Walford
52351
1650 Commercial Dr

What type of property is this?

Warehouse - Well-maintained warehouse condo with main-level warehouse space and an air-conditioned office mezzanine.

Where is this warehouse located?

The property is located at 1650 Commercial Dr Walford, IA.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Functional warehouse space ideal for contractors, storage, light industrial, or small business.; Mezzanine level with air‑conditioned office provides a private workspace.; Includes a restroom.