Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3015 Capital Way unit 4 Cedar Falls, IA 50613

    View on Map
    For Lease
    $850 /Mo

    COMMERCIAL - Cedar Falls, IA

    Lot size:
    8.00 Acres
    Added:
    Sep 12, 2025
    Days on Market:
    202
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 3015 Capital Way unit 4

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Lght Indus
    Standard status
    Active
    APN
    891434277011
    Lot size
    8.00 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    Bldg 3015 Unit #4 McWing Suites
    TaxAnnualAmount
    1150

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Central Air

    Building Details

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

    We can help!

    Listing Contact
    Brian Wingert
    Brian Wingert

    Listing agent Brian Wingert License #B60468000

    Listing office Structure Real Estate 201 Washington Street, Cedar Falls, IA

    Listing date Sep 12, 2025

    MLS# 20254484

    Copyright © 2026 Northeast Iowa Regional Board 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.

    Overview

    Cedar Falls Light Industrial Condo

    This light industrial zoned storage condo/contractor bay, available starting February 1, 2026, is located in the Cedar Falls Industrial Park. The unit measures 22x45 and features a 16-foot ceiling, along with a 12-foot wide by 14-foot high powered overhead door. It includes a half bath, six 110V electrical receptacles, and one 220V receptacle. A PTAC unit provides heating and air conditioning. The property is suitable for a shop, mechanic, vehicle detailing business, storage, warehousing, or retail/office space. Additional first-come, first-served parking stalls are available nearby. Lease terms of one year or multiple years are available. The tenant is responsible for the $200 annual association fee. The property is zoned for light industrial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DinoWorks Engineering Consultant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.48222
    Latitude
    42.478708

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Cedar Falls Office Space

      Professional office space in a prime Cedar Falls location.
      604 Clay Street unit: 301, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Retail Space in Cedar Falls

      Retail space available for lease in Cedar Falls, Iowa.
      924 Viking Road unit: 121, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Move-in Ready Office Space Available

      1,024 SF office suite near Upper Iowa University.
      4807 University Avenue unit: 202, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Versatile Office Space in Cedar Falls

      Multi-tenant commercial office building in Cedar Falls Industrial Park.
      7009 Nordic Drive unit: Suite F, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Cedar Falls Office/Storage Space

      4906 sq ft office or storage/warehouse space for rent.
      4807 University Avenue unit: 001, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Versatile Commercial Office Building

      Multi-tenant office building in Cedar Falls Industrial Park.
      7009 Nordic Drive unit: Suite C, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Versatile Commercial Office Building

      Multi-tenant commercial office building in Cedar Falls Industrial Park.
      7009 Nordic Drive unit: Suite B, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Chalet Center Office Space

      Move-in-ready office space with private offices and collaborative workspace.
      4807 University Avenue unit: 205, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Chalet Center Office Space

      Office space for rent in Cedar Falls, Iowa.
      4807 University Avenue unit: 206, Cedar Falls, IA 50613
      View Details
    • $11/mo

      Prime Retail/Office Space Available

      3100 sq ft space near Cedar Falls Main Street.
      115 E 4th St Ste 102, Cedar Falls, IA, 50613-2863
      View Details
    • Contact for pricing

      Light Industrial Storage Condo For Rent

      Newer light industrial storage condo in Cedar Falls, Iowa.
      3035 Capital Way, Cedar Falls, IA 50613
      View Details
    • $21/mo

      Main Street Office/Retail Space

      Newly remodeled office/retail space with frontage and signage.
      2300 Main St Ste 201, Cedar Falls, IA, 50613-4258
      View Details

    FAQs

    What type of property is this?
    Flex space - Light industrial storage condo in Cedar Falls Industrial Park.
    Where is this flex space located?
    The property is located at 3015 Capital Way unit 4 Cedar Falls, IA.
    What is the lease rate?
    The lease rate is $850 /Mo.
    What are key features of this property?
    This property features: Newer construction, built in 2022, in CF Industrial Park.; Light Industrial zoning suitable for shop, mechanic, storage, warehousing, or retail/office.; **High ceiling (16' H) with powered overhead door (12' W x 14' H).**
    (319) 404-4884
    We can help!
    Listing Contact
    Brian Wingert
    Brian Wingert
    Real Estate License ID: B60468000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!