Building Details

Year Built 2026

Listing Agency: RE/MAX Concepts - Cedar Falls Show Phone

Listed By: Emmaleigh Buck Show Phone

Source: Pinnaclerealtyia

Added: Jul 22 Changed: Oct 25 Last Checked: Oct 30 at 12:38PM

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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 RE/MAX Concepts - Cedar Falls

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Investment Insights

Based on property information with market context.

This offering is a new construction commercial condo building designed as flex/industrial space, with a total of 12,000 square feet. The floor plan is available and can be customized, including the ability to change unit walls and unit sizes to fit tenant or owner requirements. Each unit will include a restroom, gas heaters, 12'x14' garage doors, and 16' sidewalls.

The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa. Plans and documentation, including a floor plan, site plan, and condo docs, are available in the associated materials, and photos reflect similar properties.

Construction is planned by Corridor Builders, and additional items such as CAM are listed as TBD. Contact the listing agents for more information on the customization options and the available documents.

Key Highlights

• To‑be‑built commercial condo flex/warehouse building with customizable floor plans
• 12,000 SF total building size; layouts can be customized, including walls and unit sizes
• Each unit includes a 12' x 14' garage door and 1 restroom per unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$93,514

Cap Rate

5.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,870,280 $1.9M

Cap Rate 7%

$1,335,914 $1.3M

Cap Rate 9%

$1,039,044 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$115.2K $9.60/SF

− Vacancy

−$5.2K −$0.43/SF

EGI

$110.0K $9.17/SF

− OpEx

−$16.5K −$1.38/SF

NOI

$93.5K $7.79/SF

Area

Johnson County, IA

Vacancy

4.50%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,870,280

Cap Rate 7%

$1,335,914

Cap Rate 9%

$1,039,044

Alternative Uses

Best Use

Warehouse

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,514 @ 7.0% cap · market cap 5.03%

Second Best

Industrial

$1.03M

$897.8K – $1.20M (±1% cap)

NOI $71,820 @ 7.0% cap · market cap 3.86%

Theoretical Best

Office A

$2.61M

$2.28M – $3.04M (±1% cap)

NOI $182,477 @ 7.0% cap · market cap 9.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Building Supply Real Estate Agency Home Appliance Store Pet Grooming Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 52340, IA

4,810

Population

2,400

Households

2

Avg Household Size

33

Median Age

58%

College-Educated

99%

High-School Grad

19.1 sq mi

ZIP Area

252

Density / Sq Mi

$105,517

Median Household Income

$67,275

Median Earnings

$1,336

Median Rent

$317,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - New commercial condo flex/warehouse building to be built with customizable layouts and 12'x14' garage doors per unit.

Where is this flex space located?

The property is located at 108 Greenfield Dr Tiffin, IA.

What is the asking price?

The asking price for this property is $1,860,000.

What are key features of this property?

This property features: To‑be‑built commercial condo flex/warehouse building with customizable floor plans; 12,000 SF total building size; layouts can be customized, including walls and unit sizes; Each unit includes a 12' x 14' garage door and 1 restroom per unit