Climate-Controlled Flex Storage
1-2811 Geraldine Rd Waterloo, IA
For Sale
$137,500
Climate-controlled units include a 12’x14’ overhead door, 16’ side walls, and a bathroom in each suite.
Property Size1,250 SF
Price / SF$110
Days on Market58
Property Features for 1-2811 Geraldine Rd
General Information
Standard status
Active
Size
1,250 SF
Listing Agency:
AWRE - Commercial & Development
(563) 419-7644
Listed By:
Lindsey McEnaney · License #S70812000
(563) 419-7644
Source:
Exprealty
Added: Jun 2
Changed: Jul 27
Last Checked: Jul 27 at 11:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AWRE - Commercial & Development
Investment Insights
Based on property information with market context.
This property offers climate-controlled flex storage suites designed to function as both storage units and business space. Each unit is configured with insulated walls and includes a 12’ x 14’ overhead door, 16’ side walls, and a floor drain. Suites also feature separate electric and water meters, plus a bathroom.
Located on Geraldine Road between Cedar Falls and Waterloo, the property is within close proximity to Highway 218 and the Waterloo Regional Airport. A monthly HOA fee of $50 covers lawn, snow, and exterior insurance.
Each suite is built to operate independently, with utility metering and enclosed, insulated construction intended to support year-round use.
Located on Geraldine Road between Cedar Falls and Waterloo, the property is within close proximity to Highway 218 and the Waterloo Regional Airport. A monthly HOA fee of $50 covers lawn, snow, and exterior insurance.
Each suite is built to operate independently, with utility metering and enclosed, insulated construction intended to support year-round use.
Key Highlights
- Climate‑controlled storage units and business suites with separate electric and water meters
- Each unit is 25' x 50' with a 12' x 14' overhead door and 16' side walls
- Each suite includes a floor drain and a bathroom
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 | $9.2k | $7.32 |
| − Vacancy | −$522 | −$0.42 |
| EGI | $8.6k | $6.90 |
| − OpEx | −$3.0k | −$2.42 |
| NOI | $5.6k | $4.49 |
1,250 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$1.26M
$1.11M – $1.47M
NOI $88,482 @ 7.0% cap · market cap 64.35%
Second Best
Industrial
$1.04M
$910.8K – $1.21M
NOI $72,867 @ 7.0% cap · market cap 52.99%
Theoretical Best
Mixed Use
$1.57M
$1.37M – $1.83M
NOI $109,688 @ 7.0% cap · market cap 79.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Climate-controlled units include a 12’x14’ overhead door, 16’ side walls, and a bathroom in each suite.
Where is this self storage facility located?
The property is located at 1-2811 Geraldine Rd Waterloo, IA.
What is the asking price?
The asking price for this property is $137,500.
What are key features of this property?
This property features: Climate‑controlled storage units and business suites with separate electric and water meters; Each unit is 25' x 50' with a 12' x 14' overhead door and 16' side walls; Each suite includes a floor drain and a bathroom
