Warehouse Condo with Oversized Garage
132 Greenfield Dr, Tiffin, IA 52340
For Sale
$195,000
Commercial Sale, Tiffin, IA
Property Size1,560 SF
Lot Size0.04 Acres
Price / SF$125
Days on Market225
Property Features for 132 Greenfield Dr
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
GATEWAY ACCESS REALTY
(319) 665-4300
Listed By:
Karla Davis
(319) 981-0890
Added: Apr 2
Changed: Oct 16
Last Checked: Nov 12 at 6:06AM
MLS# 202602200
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
New warehouse condominium units offer 1,560 square feet apiece, with concrete floors, a 12' x 14' garage door and 16-foot sidewalls. Each unit includes one restroom and a natural gas heater. The buildings feature frame construction and metal roofing, and were built in 2023.
The property is in Tiffin, off I-80 near Ireland Drive and Roberts Ferry Road. Phone service is available.
The property is in Tiffin, off I-80 near Ireland Drive and Roberts Ferry Road. Phone service is available.
Key Highlights
- 1,560 square feet per unit
- 12' x 14' garage door and 16' sidewalls in each unit
- One restroom and a natural gas heater per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,157
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,140
$243.1K
Cap Rate 7%
$173,671
$173.7K
Cap Rate 9%
$135,078
$135.1K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$15.0K $9.60/SF
− Vacancy
−$674 −$0.43/SF
EGI
$14.3K $9.17/SF
− OpEx
−$2.1K −$1.38/SF
NOI
$12.2K $7.79/SF
Area
Johnson County, IA
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,140
Cap Rate 7%
$173,671
Cap Rate 9%
$135,078
Alternative Uses
Best Use
Warehouse
$173.7K
$152.0K – $202.6K
NOI $12,157 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
71
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
$317,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Tiffin, IA
Properties on Market for Warehouses in Tiffin
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- MegaStorage Tiffin — 300 Greenfield Dr, Tiffin, IA 52340
- QUALITY CARE STORAGE COMPANY — Tiffin, IA 52240
- Moove In Self Storage — 103 Village Dr, Tiffin, IA 52340
Frequently Asked Questions
What type of property is this?
Warehouse - Each unit combines clear-span utility with a restroom and natural gas heat.
Where is this warehouse located?
The property is located at 132 Greenfield Dr Tiffin, IA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,560 square feet per unit; 12' x 14' garage door and 16' sidewalls in each unit; One restroom and a natural gas heater per unit
