Contractor Condo Flex
401 Snyder Drive Building B-H Huxley, IA 50124
For Sale
$198,000
Brand-new contractor condos with overhead door access, radiant heat, and stubbed restroom plumbing for flexible trade use.
Property Size1,650 SF
Price / SF$120
Days on Market29
Property Features for 401 Snyder Drive Building B-H
General Information
- Standard status
- Active
- Size
- 1,650 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2021
Listing Agency:
Ferguson Commercial Real Estate Services
(515) 867-4964
Listed By:
Nathan Petsche · License #S70663000
Source:
Fergusoncres
Added: Jun 25
Changed: Jul 6
Last Checked: Jul 23 at 3:50AM
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 Ferguson Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This offering consists of brand-new steel and wood-framed contractor condo units designed for trades. Each building includes six bays, and Building B-H provides multiple individual units for purchase. Every condo bay measures 50' x 33' (1,650 SF each) and includes an overhead door opening with a 14' x 14' door. Units are stubbed for a restroom and feature radiant heat for added comfort and usability.
The property is located about 2 miles off I-35, placing it within a practical commute to Ames and Des Moines, with an approximate drive time of 20 minutes to both markets. These are standalone condo bays within a purpose-built contractor-focused setup.
For buyers seeking small, efficient space that can support contractor operations, workshop activity, or light warehousing, these units offer straightforward bay layouts, direct overhead door access, and utilities readiness for restroom build-out. All units are available for purchase, and build-to-suit options are noted for tenants or owners with specific requirements.
The property is located about 2 miles off I-35, placing it within a practical commute to Ames and Des Moines, with an approximate drive time of 20 minutes to both markets. These are standalone condo bays within a purpose-built contractor-focused setup.
For buyers seeking small, efficient space that can support contractor operations, workshop activity, or light warehousing, these units offer straightforward bay layouts, direct overhead door access, and utilities readiness for restroom build-out. All units are available for purchase, and build-to-suit options are noted for tenants or owners with specific requirements.
Key Highlights
- Year built 2021: new steel and wood‑framed contractor condos built for the trades
- Each building includes 6 bays measuring 50' x 33' (1,650 SF per bay)
- Overhead door access: 14' x 14' overhead door included in each bay
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 | $12.1k | $7.32 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $10.1k | $6.11 |
| − OpEx | −$1.5k | −$0.92 |
| NOI | $8.6k | $5.20 |
1,650 SF · lease $7.32/SF/yr · vacancy 16.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$122.5K
$107.2K – $142.9K
NOI $8,572 @ 7.0% cap · market cap 4.33%
Second Best
Industrial
$113.3K
$99.1K – $132.2K
NOI $7,930 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$385.6K
$337.4K – $449.9K
NOI $26,991 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Comfort Food Catering — 632 N US Hwy 69, Huxley, IA 50124
FAQs
What type of property is this?
Flex space - Brand-new contractor condos with overhead door access, radiant heat, and stubbed restroom plumbing for flexible trade use.
Where is this flex space located?
The property is located at 401 Snyder Drive Building B-H Huxley, IA.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Year built 2021: new steel and wood‑framed contractor condos built for the trades; Each building includes 6 bays measuring 50' x 33' (1,650 SF per bay); Overhead door access: 14' x 14' overhead door included in each bay
