New Industrial Condo
B-1255 Blairs Ferry Rd Marion, IA 52302
B-1255 Blairs Ferry Rd, Marion, IA, 52302
$285,000
For Sale
$285,000
Newly constructed commercial condo unit with a 149 overhead door, restroom, and 200-amp service, plus onsite parking.
Property Size2,400 SF
Price / SF$118.75
Days on Market429
Property Features for B-1255 Blairs Ferry Rd
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing agency
GLD COMMERCIAL
(319) 731-3400
Listed by
Erica Seelman · License #S64720000
(319) 731-3400
Source
Exprealty
Added: May 19, 2025 Updated: Jul 20 at 5:07PM Checked: Jul 20 at 5:07PM
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 GLD COMMERCIAL
Investment Insights
Based on property information with market context.
Newly constructed commercial condo unit within a small industrial building, offering a functional flex/warehouse layout. The unit includes a 149 x 149 overhead door, 189 ceilings, a man door, windows, LED lighting, shop heater, A/C, a floor drain, restroom, and 200-amp service. Additional interior buildout is negotiable.
The property is located in Marion, IA off Blairs Ferry Rd. The offering is subject to a condo association, and the building can be purchased in multiple configurations, including individual units or larger combinations.
This listing is for one 2,400 SF unit; other suite sizes are available, with the option to buy multiple units or the full 9,600 SF building.
The property is located in Marion, IA off Blairs Ferry Rd. The offering is subject to a condo association, and the building can be purchased in multiple configurations, including individual units or larger combinations.
This listing is for one 2,400 SF unit; other suite sizes are available, with the option to buy multiple units or the full 9,600 SF building.
Key Highlights
- Newly constructed 2,400 SF commercial condo unit in Marion, IA off Blairs Ferry Rd
- Unit includes a 14' x 14' overhead door, 18' ceilings, man door, windows, and LED lighting
- Restroom included, along with shop heater, A/C, and a floor drain
Local 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 | $17.7k | $7.36 |
| − Vacancy | −$1.0k | −$0.42 |
| EGI | $16.7k | $6.94 |
| − OpEx | −$2.5k | −$1.04 |
| NOI | $14.2k | $5.90 |
2,400 SF · lease $7.36/SF/yr · vacancy 5.71% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$202.2K
$177.0K – $236.0K
NOI $14,157 @ 7.0% cap · market cap 4.97%
Second Best
Industrial
$166.6K
$145.7K – $194.3K
NOI $11,659 @ 7.0% cap · market cap 4.09%
Theoretical Best
Self Storage
$403.9K
$353.4K – $471.2K
NOI $28,274 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- La Chamba Mexican Restaurant — 5001 1st Ave SE, Cedar Rapids, IA 52402
FAQs
What type of property is this?
Flex space - Newly constructed commercial condo unit with a 149 overhead door, restroom, and 200-amp service, plus onsite parking.
Where is this flex space located?
The property is located at B-1255 Blairs Ferry Rd Marion, IA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Newly constructed 2,400 SF commercial condo unit in Marion, IA off Blairs Ferry Rd; Unit includes a 14' x 14' overhead door, 18' ceilings, man door, windows, and LED lighting; Restroom included, along with shop heater, A/C, and a floor drain
