Warehouse Condo with
128 Greenfield Drive Unit E Tiffin, IA 52340
128 Greenfield Drive Unit E, Tiffin, IA, 52340
$209,900
For Sale
$209,900
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 Market112
Property Features for 128 Greenfield Drive Unit E
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing agency
SKOGMAN REALTY
(319) 899-2536
Listed by
Emmaleigh Buck
(319) 899-2536
Source
Pinnaclerealtyia
Added: Apr 2 Updated: Jul 22 at 6:23PM Checked: Jul 22 at 6:23PM
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 SKOGMAN REALTY
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
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 | $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
Similar For Sale Nearby
FAQs
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
