Warehouse Condo with
For Sale
$209,900
128 Greenfield Drive Unit E, Tiffin, IA 52340
Industrial condo offers drive-through access with two garage doors, 16' sidewalls, and gas heat plus one restroom.
Property Size1,560 SF
Price / SF$134.55
Days on Market205
Property Features for 128 Greenfield Drive Unit E
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Commercial
Zoning
M2
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$944
Amenities
1 restroom per unit
Gas heaters
Concrete
Yes
No
See Remarks
Public
condo
Building Details
Year Built
2023
Listing Agency:
RE/MAX Concepts - Cedar Falls
(319) 393-0900
Listed By:
Emmaleigh Buck
(319) 899-2536
Source:
Pinnaclerealtyia
Added: Apr 2
Changed: Oct 21
Last Checked: Oct 20 at 6:44PM
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 RE/MAX Concepts - Cedar Falls
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Investment Insights
Based on property information with market context.
This for-sale warehouse condo provides immediate possession and measures 1,560 square feet. The unit is set up with drive-through access and includes two 12' x 14' garage doors. Interior clear height is supported by 16' sidewalls, and the space includes one restroom per unit and gas heaters.
The condos are located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin. CAM is listed at $102 per month.
Unit E offers a straightforward warehouse configuration with loading access designed for efficient in-and-out movement.
The condos are located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin. CAM is listed at $102 per month.
Unit E offers a straightforward warehouse configuration with loading access designed for efficient in-and-out movement.
Key Highlights
- 1,560 SF new commercial industrial condo available for immediate possession
- Drive‑through access with two 12' x 14' garage doors
- 16' sidewalls for the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,337
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,740
$186.7K
Cap Rate 7%
$133,386
$133.4K
Cap Rate 9%
$103,744
$103.7K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$14.0K $9.00/SF
− Vacancy
−$702 −$0.45/SF
EGI
$13.3K $8.55/SF
− OpEx
−$4.0K −$2.56/SF
NOI
$9.3K $5.98/SF
Area
Johnson County, IA
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,740
Cap Rate 7%
$133,386
Cap Rate 9%
$103,744
Alternative Uses
Best Use
Industrial
$133.4K
$116.7K – $155.6K
NOI $9,337 @ 7.0% cap · market cap 4.45%
Second Best
Flex RnD
$100.0K
$87.5K – $116.7K
NOI $6,999 @ 7.0% cap · market cap 3.33%
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 authorities.
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Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52340, IA
4,810
Population
2,400
Households
2
Avg Household Size
33
Median Age
58%
College-Educated
99%
High-School Grad
19.1 sq mi
ZIP Area
252
Density / Sq Mi
$105,517
Median Household Income
$67,275
Median Earnings
$1,336
Median Rent
$317,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo offers drive-through access with two garage doors, 16' sidewalls, and gas heat plus one restroom.
Where is this flex space located?
The property is located at 128 Greenfield Drive Unit E 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 new commercial industrial condo available for immediate possession; Drive‑through access with two 12' x 14' garage doors; 16' sidewalls for the unit
