Drive-Through Warehouse
128 Greenfield Drive Unit F Tiffin, IA 52340
128 Greenfield Drive Unit F, Tiffin, IA, 52340
$349,900
For Sale
$349,900
New warehouse condo with drive-through access, two 12' x 14' garage doors, and 16' sidewalls.
Property Size2,640 SF
Price / SF$132.54
Days on Market112
Property Features for 128 Greenfield Drive Unit F
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing agency
GATEWAY ACCESS REALTY
(319) 431-0382
Listed by
Z Maryland
(319) 431-0382
Source
Pinnaclerealtyia
Added: Apr 2 Updated: Jul 22 at 11:13AM Checked: Jul 22 at 11:13AM
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 GATEWAY ACCESS REALTY
Investment Insights
Based on property information with market context.
New commercial warehouse condo available with immediate possession. Unit F is extra large and features drive-through access with two 12' x 14' garage doors, 16' sidewalls, and one restroom. The unit is equipped with gas heaters.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin.
The property is located off I-80 and Ireland Drive/Roberts Ferry Road in Tiffin.
Key Highlights
- New 2023 commercial condo (Unit F) with immediate possession
- 2,640 SF extra‑large unit
- Drive‑through access with two 12' x 14' garage doors
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 | $25.3k | $9.60 |
| − Vacancy | −$1.1k | −$0.43 |
| EGI | $24.2k | $9.17 |
| − OpEx | −$3.6k | −$1.38 |
| NOI | $20.6k | $7.79 |
2,640 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$293.9K
$257.2K – $342.9K
NOI $20,573 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.5K
$501.8K – $669.1K
NOI $40,145 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - New warehouse condo with drive-through access, two 12' x 14' garage doors, and 16' sidewalls.
Where is this warehouse located?
The property is located at 128 Greenfield Drive Unit F Tiffin, IA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: New 2023 commercial condo (Unit F) with immediate possession; 2,640 SF extra‑large unit; Drive‑through access with two 12' x 14' garage doors
