Build-to-Spec Industrial
108 Greenfield Dr Tiffin, IA 52340
New
For Sale
$1,860,000
COMMERCIAL - Tiffin, IA
Property Size12,000 SF
Lot Size0.28 Acres
Price / SF$155
Days on Market3
Property Features for 108 Greenfield Dr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- M2
- Standard status
- Active
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 2026
- Flooring type
- Concrete
- Building materials
- Frame
- Roof type
- Metal
Listing Agency:
GATEWAY ACCESS REALTY
(319) 665-4300
Listed By:
Karla Davis
(319) 981-0890
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 24 at 5:06PM
MLS# 202604637
Copyright © 2026 Iowa City Area Association 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 is a build-to-spec industrial commercial condo project. The property will be delivered as a commercial condo building with a total of 12,000 square feet, and a floor plan is available with the ability to customize unit layouts. Walls and unit sizes can be adjusted to fit your needs, and each unit is planned to include its own 12' x 14' garage door, 16' sidewalls, and one restroom. Gas heaters are also included in the design.
The site is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa. The project is being built by Corridor Builders, and photos shown are of similar properties. Associated documents include the floor plan, site plan, and condo documentation; CAM is TBD.
Given the planned condo configuration and customizable interior layout, the space is suited for users looking to tailor unit size and wall configuration during construction.
The site is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa. The project is being built by Corridor Builders, and photos shown are of similar properties. Associated documents include the floor plan, site plan, and condo documentation; CAM is TBD.
Given the planned condo configuration and customizable interior layout, the space is suited for users looking to tailor unit size and wall configuration during construction.
Key Highlights
- To‑be‑built commercial condo building off I‑80 and Ireland Dr/Roberts Ferry Rd in Tiffin
- 12,000 total SF commercial condo space with floor plan available and ability to customize unit layouts
- Each unit designed with a 12' x 14' garage door and 16' sidewalls
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Build-to-spec commercial condo space off I-80 with 12' x 14' garage doors, 16' sidewalls, and per-unit restrooms.
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 building off I‑80 and Ireland Dr/Roberts Ferry Rd in Tiffin; 12,000 total SF commercial condo space with floor plan available and ability to customize unit layouts; Each unit designed with a 12' x 14' garage door and 16' sidewalls
