Industrial Office Building with
1224 Laporte Rd Waterloo, IA 50702
1224 Laporte Rd, Waterloo, IA, 50702
$2,575,000
For Sale
$2,575,000
Industrial office property includes finished office space and light industrial warehousing with dock and overhead doors on a 1.58-acre site.
Property Size40,174 SF
Lot Size1.58 Acres
Price / SF$64.10
Days on Market87
Property Features for 1224 Laporte Rd
General Information
- Standard status
- Active
- Size
- 40,174 SF
- Lot size
- 1.58 Acres
Listing agency
AWRE - Commercial & Development
(319) 239-4446
Listed by
Phillip Shirk · License #B63101000
(319) 239-4446
Source
Exprealty
Added: Apr 27 Updated: Jul 22 at 1:40AM Checked: Jul 22 at 1:40AM
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 AWRE - Commercial & Development
Investment Insights
Based on property information with market context.
This industrial/office building totals 40,174 square feet on a 1.58-acre site, with 10,011 square feet of finished office space and 30,163 square feet of light industrial space. The warehouse portion is equipped with a dock door and multiple overhead doors, supporting storage, distribution, or light manufacturing use cases. The finished office area is suitable for administrative functions, showroom activity, or customer-facing operations.
The property is located at 1224 Laporte Rd in Waterloo, Iowa, positioned along La Porte Road with quick access just seconds from HWY 218. The site provides ample parking and visibility within the region’s trade area, with room for outdoor storage or expansion as needed.
The property is located at 1224 Laporte Rd in Waterloo, Iowa, positioned along La Porte Road with quick access just seconds from HWY 218. The site provides ample parking and visibility within the region’s trade area, with room for outdoor storage or expansion as needed.
Key Highlights
- 40,174 SF industrial/office building on a 1.58‑acre site
- 10,011 SF finished office space for administrative, showroom, or customer‑facing use
- 30,163 SF light industrial/warehouse area for storage, distribution, or light manufacturing
Local Financial Insights For Flex RnD
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 | $294.1k | $7.32 |
| − Vacancy | −$16.8k | −$0.42 |
| EGI | $277.3k | $6.90 |
| − OpEx | −$97.0k | −$2.42 |
| NOI | $180.2k | $4.49 |
40,174 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$40.62M
$35.55M – $47.40M
NOI $2,843,732 @ 7.0% cap · market cap 110.44%
Second Best
Industrial
$33.46M
$29.27M – $39.03M
NOI $2,341,897 @ 7.0% cap · market cap 90.95%
Theoretical Best
Mixed Use
$50.36M
$44.07M – $58.75M
NOI $3,525,269 @ 7.0% cap · market cap 136.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Image Pointe
Textile Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial office property includes finished office space and light industrial warehousing with dock and overhead doors on a 1.58-acre site.
Where is this flex space located?
The property is located at 1224 Laporte Rd Waterloo, IA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: 40,174 SF industrial/office building on a 1.58‑acre site; 10,011 SF finished office space for administrative, showroom, or customer‑facing use; 30,163 SF light industrial/warehouse area for storage, distribution, or light manufacturing
