Build-to-Spec Industrial
112 Greenfield Dr Tiffin, IA 52340
For Sale
$1,740,000
New commercial condo building is planned with customizable unit layouts and 12'x14' garage doors for each unit.
Property Size12,000 SF
Price / SF$145
Days on Market9
Property Features for 112 Greenfield Dr
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Building Details
Year Built
2026
Listing Agency:
Realty87
(319) 361-9457
Listed By:
Angie Buck
(319) 361-9457
Source:
Pinnaclerealtyia
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 4:11AM
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 Realty87
Investment Insights
Based on property information with market context.
This for-sale commercial condo building is planned to be built to the buyer’s specifications, with a total of 12,000 square feet. A floor plan is available, and walls and unit sizes can be adjusted to fit the intended use. Each unit is designed with a 12' x 14' garage door, 16' sidewalls, and one restroom per unit. Gas heaters are included, and additional condo documents, site plan, and unit floor plan are available in the associated materials.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa. Photos provided are of similar properties, and the project will be built by Corridor Builders. CAM is listed as TBD, and pricing and details should be confirmed with the listing agents along with the available plans and condo documentation.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa. Photos provided are of similar properties, and the project will be built by Corridor Builders. CAM is listed as TBD, and pricing and details should be confirmed with the listing agents along with the available plans and condo documentation.
Key Highlights
- To‑be‑built commercial condo building with 12,000 SF total and floor plans available to customize
- Each unit can be customized, including walls and unit sizes to fit your needs
- Planned 12'x14' garage doors for each unit 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 5.37%
Second Best
Industrial
$1.03M
$897.8K – $1.20M
NOI $71,820 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,477 @ 7.0% cap · market cap 10.49%
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 building is planned with customizable unit layouts and 12'x14' garage doors for each unit.
Where is this flex space located?
The property is located at 112 Greenfield Dr Tiffin, IA.
What is the asking price?
The asking price for this property is $1,740,000.
What are key features of this property?
This property features: To‑be‑built commercial condo building with 12,000 SF total and floor plans available to customize; Each unit can be customized, including walls and unit sizes to fit your needs; Planned 12'x14' garage doors for each unit and 16' sidewalls
