Industrial Flex Space with
3035 Capital Way Cedar Falls, IA 50613
3035 Capital Way, Cedar Falls, IA, 50613
$329,900
For Sale
$329,900
SINGLE_FAMILY - Cedar Falls, IA
Property Size2,475 SF
Price / SF$133.29
Days on Market194
Property Features for 3035 Capital Way
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- m-1
- Standard status
- Active
- APN
- 891434277035
- Size
- 2,475 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- MC WING SUITES BLDG 3035 UNIT 7 and 8
- Tax Annual Amount
- 1562
Building Details
- Year built
- 2023
Listing agency
Structure Real Estate
(319) 260-2016
Listed by
Brian Wingert · License #B60468000
(319) 404-4884
Added: Jan 9 Updated: May 14 at 4:14PM Checked: Jul 22 at 6:06PM
MLS# 20260148
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.
Investment Insights
Based on property information with market context.
This industrial flex space, currently configured as a gym and fitness recovery center, presents a versatile opportunity. The 55x45 unit is equipped with full furnace and A/C capabilities. The layout includes two office areas and a bathroom with a shower. An additional bathroom can be added to unit 8. The unit features a 12x14' overhead door, finished and painted walls. The property is zoned M-1. It is located in Cedar Falls, Iowa. The space is suitable for use as a gym or sport court. Alternatively, the owner can remove the hoops and court, enabling a buyer to utilize the space as a shop or for storage. Gym equipment, a sauna, a plunge pool, a sport court, hoops, and a Dr. Dish machine are available for purchase separately.
Key Highlights
- Flexible space ideal for gym/fitness or convert to a man cave/shop/storage.
- Upgraded with full furnace and A/C.
- Two office areas and a bathroom with shower included.
Local Financial Insights For Office B
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 | $28.5k | $11.52 |
| − Vacancy | −$6.9k | −$2.79 |
| EGI | $21.6k | $8.73 |
| − OpEx | −$5.4k | −$2.18 |
| NOI | $16.2k | $6.55 |
2,475 SF · lease $11.52/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$2.50M
$2.19M – $2.92M
NOI $175,194 @ 7.0% cap · market cap 53.11%
Second Best
Industrial
$2.06M
$1.80M – $2.40M
NOI $144,277 @ 7.0% cap · market cap 43.73%
Theoretical Best
Mixed Use
$3.10M
$2.71M – $3.62M
NOI $217,181 @ 7.0% cap · market cap 65.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar For Sale Nearby
Similar Off Market Nearby
- Xl Sports Acceleration Program — 3109 Venture Way, Cedar Falls, IA 50613
- The Gym — 3109 Venture Way, Cedar Falls, IA 50613
- Cedar Valley Gymnastics Academy — 3201 Venture Way, Cedar Falls, IA 50613
- Krickyfit — 2008 boxwood dr, cedar falls, ia 50613
FAQs
What type of property is this?
Fitness center & gym - Versatile industrial flex space, currently a gym/fitness center.
Where is this fitness center & gym located?
The property is located at 3035 Capital Way Cedar Falls, IA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Flexible space ideal for gym/fitness or convert to a man cave/shop/storage.; Upgraded with full furnace and A/C.; Two office areas and a bathroom with shower included.
