Cedar Falls Commercial Flex
3045 Capital Way Cedar Falls, IA 50613
3045 Capital Way, Cedar Falls, IA, 50613
$169,775
For Sale
$169,775
COMMERCIAL - Cedar Falls, IA
Property Size1,485 SF
Lot Size3.00 Acres
Price / SF$114.33
Days on Market173
Property Features for 3045 Capital Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- m-1
- Standard status
- Active
- APN
- 891434277000
- Size
- 1,485 SF
- Lot size
- 3.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WEST VIKING RD IND PARK PHASE I LOT 6
Building Details
- Year built
- 2025
Listing agency
Structure Real Estate
(319) 260-2016
Listed by
Brian Wingert · License #B60468000
(319) 404-4884
Added: Jan 30 Updated: May 12 at 1:26PM Checked: Jul 22 at 1:06PM
MLS# 20260400
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 commercial property, located in Cedar Falls' Industrial Park, offers a versatile space suitable for various uses, including storage condos, garage condos, small business suites, or a personal sports training facility. The property features 1485 square feet in a condo-style building. The unit includes a 12-foot wide and 14-foot tall overhead door, providing access to a 33x45 space with 16-foot ceilings. A walk-in door is located adjacent to the overhead door. The building includes separate electric and water meters. Units include insulated walls, a heating/cooling unit, and a finished bathroom. The property is zoned M-1. The lot size is 3 acres. An annual HOA fee of $200 covers lawn care, snow removal, and exterior insurance.
Key Highlights
- Customizable 1485 sq ft condo‑style unit suitable for storage, business, or personal use.
- Features a 12'x14' overhead door and 16' ceilings ideal for various storage and business needs.
- Includes insulated walls, heating/cooling unit, and finished bathroom.
Local Financial Insights For Flex RnD
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 | $10.9k | $7.32 |
| − Vacancy | −$621 | −$0.42 |
| EGI | $10.2k | $6.90 |
| − OpEx | −$3.6k | −$2.42 |
| NOI | $6.7k | $4.49 |
1,485 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$1.50M
$1.31M – $1.75M
NOI $105,116 @ 7.0% cap · market cap 61.91%
Second Best
Industrial
$1.24M
$1.08M – $1.44M
NOI $86,566 @ 7.0% cap · market cap 50.99%
Theoretical Best
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,309 @ 7.0% cap · market cap 76.75%
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 - Condo-style flex space in Cedar Falls' Industrial Park.
Where is this flex space located?
The property is located at 3045 Capital Way Cedar Falls, IA.
What is the asking price?
The asking price for this property is $169,775.
What are key features of this property?
This property features: Customizable 1485 sq ft condo‑style unit suitable for storage, business, or personal use.; Features a 12'x14' overhead door and 16' ceilings ideal for various storage and business needs.; Includes insulated walls, heating/cooling unit, and finished bathroom.
