1650 Commercial Dr, Walford, IA 52351
- 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
Listing agent Trev Adair License #322502720 (319) 350-9476
Listing office Pinnacle Realty LLC 1110 Dina Ct Suite A, Cedar Rapids, IA (319) 393-0900
Listing date Mar 3, 2026
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
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 |
Alternative Uses
Current Use by Public Records
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