To-Be-Built Flex Warehouse
112 Greenfield Dr Tiffin, IA 52340
New
For Sale
$1,740,000
COMMERCIAL - Tiffin, IA
Property Size12,000 SF
Lot Size0.28 Acres
Price / SF$145
Days on Market3
Property Features for 112 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 6:06PM
MLS# 202604638
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 to-be-built commercial condo building is planned at 12,000 square feet total, with floor plans available to customize. The builder will allow unit sizing and interior wall configurations to be adjusted to fit tenant needs. Each unit is designed with a single restroom, gas heaters, and 16-foot sidewalls, with 12-foot by 14-foot garage doors provided per unit.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa. Photos are of similar properties, and associated documents include floor plan, site plan, and condo documentation.
The project is being developed by Corridor Builders, and CAM is listed as TBD in the offering materials. Contact the listing agents for additional details on unit configuration and the condo documents.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, Iowa. Photos are of similar properties, and associated documents include floor plan, site plan, and condo documentation.
The project is being developed by Corridor Builders, and CAM is listed as TBD in the offering materials. Contact the listing agents for additional details on unit configuration and the condo documents.
Key Highlights
- To‑be‑built commercial condo building with 12,000 total SF and customizable floor plans.
- Each unit can be tailored with adjustable walls and unit sizes; floor plan and condo docs available.
- Each unit includes 12' x 14' garage doors 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - New commercial condo building planned with customizable units and 12-foot by 14-foot garage doors per 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 total SF and customizable floor plans.; Each unit can be tailored with adjustable walls and unit sizes; floor plan and condo docs available.; Each unit includes 12' x 14' garage doors and 16' sidewalls.
