Build-to-Suit Industrial
108 Greenfield Dr Tiffin, IA 52340
For Sale
$1,860,000
New commercial condo flex/warehouse building to be built with customizable layouts and 12'x14' garage doors per unit.
Property Size12,000 SF
Price / SF$155
Days on Market9
Property Features for 108 Greenfield Dr
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Building Details
Year Built
2026
Listing Agency:
Fischels Commercial Group
(319) 899-2536
Listed By:
Emmaleigh Buck
(319) 899-2536
Source:
Pinnaclerealtyia
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 4:12AM
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 Fischels Commercial Group
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.
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 For Warehouse
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 | $115.2k | $9.60 |
| − Vacancy | −$5.2k | −$0.43 |
| EGI | $110.0k | $9.17 |
| − OpEx | −$16.5k | −$1.38 |
| NOI | $93.5k | $7.79 |
12,000 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,514 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$1.03M
$897.8K – $1.20M
NOI $71,820 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,477 @ 7.0% cap · market cap 9.81%
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?
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
