Flex Warehouse Condo with
128 Greenfield Dr Tiffin, IA 52340
For Sale
$209,900
Newly available flex warehouse condo with drive-through access, two 12' x 14' garage doors, and one restroom.
Property Size1,560 SF
Price / SF$134.55
Days on Market114
Property Features for 128 Greenfield Dr
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing Agency:
Urban Acres Real Estate Corridor
(319) 576-8327
Listed By:
Juliana Corona
(319) 576-8327
Source:
Pinnaclerealtyia
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 24 at 5:23AM
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 Urban Acres Real Estate Corridor
Investment Insights
Based on property information with market context.
This newly available flex warehouse condo is offered for sale with immediate possession. The unit includes drive-through access and two 12' x 14' garage doors. It also features 16' sidewalls and one restroom, along with gas heaters.
The condos are located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, providing convenient regional access for business operations.
CAM is listed as $102 per month for the unit.
The condos are located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin, providing convenient regional access for business operations.
CAM is listed as $102 per month for the unit.
Key Highlights
- 1,560 SF newly built commercial flex warehouse condo (Year Built: 2023)
- Drive‑through access with two 12' x 14' garage doors
- 16' sidewalls for the warehouse space
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 | $15.0k | $9.60 |
| − Vacancy | −$674 | −$0.43 |
| EGI | $14.3k | $9.17 |
| − OpEx | −$2.1k | −$1.38 |
| NOI | $12.2k | $7.79 |
1,560 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$173.7K
$152.0K – $202.6K
NOI $12,157 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$133.4K
$116.7K – $155.6K
NOI $9,337 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Newly available flex warehouse condo with drive-through access, two 12' x 14' garage doors, and one restroom.
Where is this flex space located?
The property is located at 128 Greenfield Dr Tiffin, IA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,560 SF newly built commercial flex warehouse condo (Year Built: 2023); Drive‑through access with two 12' x 14' garage doors; 16' sidewalls for the warehouse space
