For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse Condo with Office Mezzanine Title is generated by Realmo AI

    1650 Commercial Dr, Walford, IA 52351

    View on Map
    Claim this Listing
    For Sale
    $230,000

    COMMERCIAL - Walford, IA

    Property size:
    2,400 SF
    Lot size:
    0.68 Acres
    Price / SF:
    $95/SF
    Added:
    Mar 3, 2026
    Days on Market:
    127
    Last Refresh:
    Jul 8 at 12:06 pm

    Property Features for 1650 Commercial Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Comm
    Standard status
    Active
    APN
    203020202201002
    Size
    2,400 SF
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Description
    GRANT BLUFF COMMERCIAL CONDO BLDG #2 UNIT 203
    Tax Annual Amount
    3582

    Building Details

    Year built
    2022
    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Contact an agent
    Trev Adair
    Trev Adair

    Listing agent Trev Adair License #322502720

    Listing office Pinnacle Realty LLC 1110 Dina Ct Suite A, Cedar Rapids, IA

    Listing date Mar 3, 2026

    MLS# 2601437

    Copyright © 2026 Cedar Rapids 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.

    HighLights

    • Functional warehouse space ideal for contractors, storage, light industrial, or small business.
    • Mezzanine level with air‑conditioned office provides a private workspace.
    • Includes a restroom.
    • Equipped with a gas heater for year‑round operation.
    • Built in 2022, indicating modern construction.
    • Suitable for owner‑occupants or investors.

    Overview

    This well-maintained warehouse condo is configured for both storage and day-to-day operations. The main level features open warehouse space plus a restroom. A mezzanine level provides an air-conditioned office area, creating separation from the warehouse floor for planning, admin work, or small operations.

    The property is located at 1650 Commercial Dr in Walford, Iowa, in Linn County. It is zoned “Comm.” The building sits on a 0.68-acre lot and is offered for sale.

    The layout supports owner-occupants and small business users who want an on-site workspace without giving up primary warehouse area. Contractors, storage-focused tenants, and light industrial users can benefit from the combination of open warehouse space, restroom access, and a dedicated air-conditioned office. The warehouse area includes a gas heater to support year-round comfort for working needs.

    Local Financial Insights For Flex RnD

    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 $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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Storage Facility Furniture & Home Goods Grocery & Convenience Store Pet Store Pet Store & Service Electronics & Wireless Store

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

    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

    FAQs

    What type of property is this?
    Warehouse - Well-maintained warehouse condo with main-level warehouse space and an air-conditioned office mezzanine.
    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 space ideal for contractors, storage, light industrial, or small business.; Mezzanine level with air‑conditioned office provides a private workspace.; Includes a restroom.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message