Cedar Falls Commercial
3045 Capital Way Cedar Falls, IA 50613
3045 Capital Way, Cedar Falls, IA, 50613
$214,775
Pending
For Sale
$214,775
Pending
COMMERCIAL - Cedar Falls, IA
Property Size1,980 SF
Lot Size3.00 Acres
Days on Market87
Property Features for 3045 Capital Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- m-1
- Standard status
- Pending
- APN
- 891434277043
- Size
- 1,980 SF
- Lot size
- 3.00 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- WEST VIKING RD IND PARK PHASE I LOT 6
- Tax Annual Amount
- 319
Building Details
- Year built
- 2025
Listing agency
Structure Real Estate
(319) 260-2016
Listed by
Brian Wingert · License #B60468000
(319) 404-4884
Added: Apr 27 Updated: Jul 7 at 10:45AM Checked: Jul 22 at 3:06PM
MLS# 20261754
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 condo-style building features units of 1980 square feet. Each unit includes (2) 12' wide and 14' tall overhead doors within a 44x45 space, complemented by 16' ceilings and a walk-in door adjacent to the overhead door. The units have insulated walls, a heating/cooling unit, and a finished bathroom. Separate electric and water meters are included. The property is subject to a $200 annual HOA fee, which covers lawn care, snow removal, and exterior insurance. The lot size is 3 acres.
Key Highlights
- 1980 sq ft customizable condo‑style space suitable for storage, business, or personal use.
- Features (2) 12' wide and 14' tall overhead doors with a walk‑in door, ideal for access and storage.
- 16' ceilings provide ample vertical space.
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 | $14.5k | $7.32 |
| − Vacancy | −$828 | −$0.42 |
| EGI | $13.7k | $6.90 |
| − OpEx | −$4.8k | −$2.42 |
| NOI | $8.9k | $4.49 |
1,980 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Industrial
$1.65M
$1.44M – $1.92M
NOI $115,422 @ 7.0% cap · market cap 53.74%
Second Best
Flex RnD
$126.9K
$111.0K – $148.1K
NOI $8,883 @ 7.0% cap · market cap 4.14%
Theoretical Best
Mixed Use
$2.48M
$2.17M – $2.90M
NOI $173,745 @ 7.0% cap · market cap 80.90%
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 building 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 $214,775.
What are key features of this property?
This property features: 1980 sq ft customizable condo‑style space suitable for storage, business, or personal use.; Features (2) 12' wide and 14' tall overhead doors with a walk‑in door, ideal for access and storage.; 16' ceilings provide ample vertical space.
