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Functional Warehouse Condo with Office

1650 Commercial Dr, Walford, IA 52351

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For Sale

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Well-maintained warehouse condo with office space for sale.

Type:Industrial

Property size:

2,400 SF

Price / SF:

$95/SF

HighLights

Functional warehouse condo suitable for contractors, storage, light industrial, or small business.
Mezzanine level with air‑conditioned office space.
Open warehouse space on the main level with a restroom.
Gas heater in the warehouse for year‑round operation.
Built in 2022.
Ideal for owner‑occupant or investor.

We can help!

Contact an agent

Trev Adair

Learn more

For Sale

Contact for pricing

Well-maintained warehouse condo with office space for sale.

Type:Industrial

Property size:

2,400 SF

Price / SF:

$95/SF

Added:: Mar 5, 2026
Days on Market:: 125
Last Refresh:: Jul 2 at 5:38 am

Property Features for 1650 Commercial Dr

General Information

Standard status: Active
Size: 2,400 SF
Property subtype: Industrial

Building Details

Year Built: 2022

We can help!

Contact an agent

Trev Adair

Listing office Pinnacle Realty

Listing date Mar 5, 2026

Source Crexi

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 Pinnacle Realty

HighLights

Functional warehouse condo suitable for contractors, storage, light industrial, or small business.
Mezzanine level with air‑conditioned office space.
Open warehouse space on the main level with a restroom.
Gas heater in the warehouse for year‑round operation.
Built in 2022.
Ideal for owner‑occupant or investor.

Overview

This well-maintained warehouse condo features a functional and flexible layout suitable for contractors, storage, light industrial use, or small business operations. The property includes open warehouse space on the main level, along with a restroom. A mezzanine level provides an air-conditioned office, creating a private workspace separate from the warehouse floor. The warehouse area is equipped with a gas heater. The property offers an opportunity for an owner-occupant or investor seeking efficient warehouse space with built-in office functionality. The property size is 2400 square feet and is located in Walford, IA.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$27.4k	$11.40
− Vacancy	−$1.6k	−$0.68
EGI	$25.7k	$10.72
− OpEx	−$9.0k	−$3.75
NOI	$16.7k	$6.97

2,400 SF · lease $11.40/SF/yr · vacancy 6.00% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$238.8K

$209.0K – $278.6K (±1% cap)

NOI $16,717 @ 7.0% cap · market cap 7.27%

Second Best

Warehouse

$218.3K

$191.0K – $254.7K (±1% cap)

NOI $15,280 @ 7.0% cap · market cap 6.64%

Theoretical Best

Specialty Retail

$347.4K

$303.9K – $405.3K (±1% cap)

NOI $24,315 @ 7.0% cap · market cap 10.57%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Similar Places Nearby

Four Counties Storage — 1655 Commercial Dr, Walford, IA 52351

Location Insight

Map
Local Demand

City: Walford
County: Benton
State: Iowa
Longitude: -91.8249928
Latitude: 41.8881417

For sale
Warehouses
IA
Walford
52351
1650 Commercial Dr

What type of property is this?

Warehouse - Well-maintained warehouse condo with office space for sale.

Where is this warehouse located?

The property is located at 1650 Commercial Dr Walford, IA.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Functional warehouse condo suitable for contractors, storage, light industrial, or small business.; **Mezzanine level with air‑conditioned office space.**; Open warehouse space on the main level with a restroom.