12,000 SF Build-to-Spec
116 Greenfield Dr Tiffin, IA 52340
For Sale
$1,680,000
New commercial condo warehouse with customizable floor plans and 12' x 14' garage doors per unit.
Property Size12,000 SF
Price / SF$140
Days on Market9
Property Features for 116 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 4:09AM
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.
New construction commercial condo building to be built to tenant or buyer specifications. The project is designed with an available floor plan and the ability to customize unit layouts, including walls and unit sizes. Each unit is planned to include a restroom, gas heaters, and 12' x 14' garage doors.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin. Site and condo documentation, including floor plan and site plan, is available in the associated docs.
Planned building features include 16' sidewalls per unit. Final CAM details are TBD, and the project will be built by Corridor Builders, with photos shown from similar properties.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin. Site and condo documentation, including floor plan and site plan, is available in the associated docs.
Planned building features include 16' sidewalls per unit. Final CAM details are TBD, and the project will be built by Corridor Builders, with photos shown from similar properties.
Key Highlights
- New construction commercial condo building (to be built) totaling 12,000 SF
- Customizable floor plans; walls and unit sizes can be changed to fit your needs
- 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 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,477 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- QUALITY CARE STORAGE COMPANY — Tiffin, IA 52240
- MegaStorage Tiffin — 300 Greenfield Dr, Tiffin, IA 52340
- Moove In Self Storage — 103 Village Dr, Tiffin, IA 52340
Frequently Asked Questions
What type of property is this?
Warehouse - New commercial condo warehouse with customizable floor plans and 12' x 14' garage doors per unit.
Where is this warehouse located?
The property is located at 116 Greenfield Dr Tiffin, IA.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: New construction commercial condo building (to be built) totaling 12,000 SF; Customizable floor plans; walls and unit sizes can be changed to fit your needs; Each unit includes 12' x 14' garage doors and 16' sidewalls
