Fenced Lot Flex
For Sale
Contact for pricing
2021 Commercial Street, Waterloo, IA 50702
A 2009-built flex warehouse with two overhead doors, dual driveways, and a fenced lot for practical contractor or storage operations.
Property Size2,400 SF
Price / SF$116.63
Days on Market62
Property Features for 2021 Commercial Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Special Purpose
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
2009
Listing Agency:
Century 21 Signature Real Estate Waverly
Listed By:
Tim Lalk · License #S71966000IA
Source:
Crexi
Added: May 30
Changed: Jul 10
Last Checked: Jul 30 at 4:56AM
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 Century 21 Signature Real Estate Waverly
Investment Insights
Based on property information with market context.
This 2009-built flex warehouse offers an efficient work-and-storage setup with two large overhead doors and a fenced lot for added security. Dual driveways support straightforward vehicle flow, which can be helpful for service teams, equipment transport, and day-to-day loading and access. The total property size is 2,400 square feet, providing a compact footprint for businesses looking to launch or expand.
The property is located at 2021 Commercial Street in Waterloo, Iowa, just off Highway 218. Its placement is intended to provide convenient access and visibility for customers, vendors, and delivery traffic.
For contractors, service businesses, and storage-focused operators, the combination of overhead loading, fenced outdoor space, and practical drive access is designed to support routine operations. As a for-sale industrial/flex asset, it may fit well for an owner-operator seeking a manageable building with straightforward site functionality. Interested parties should verify all intended uses and any access or site requirements directly with the seller or listing broker.
The property is located at 2021 Commercial Street in Waterloo, Iowa, just off Highway 218. Its placement is intended to provide convenient access and visibility for customers, vendors, and delivery traffic.
For contractors, service businesses, and storage-focused operators, the combination of overhead loading, fenced outdoor space, and practical drive access is designed to support routine operations. As a for-sale industrial/flex asset, it may fit well for an owner-operator seeking a manageable building with straightforward site functionality. Interested parties should verify all intended uses and any access or site requirements directly with the seller or listing broker.
Key Highlights
- Commercial flex warehouse built in 2009
- Fenced lot for added security
- Two large overhead doors
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 | $17.6k | $7.32 |
| − Vacancy | −$1.0k | −$0.42 |
| EGI | $16.6k | $6.90 |
| − OpEx | −$5.8k | −$2.42 |
| NOI | $10.8k | $4.49 |
2,400 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$2.43M
$2.12M – $2.83M
NOI $169,885 @ 7.0% cap · market cap 60.69%
Second Best
Industrial
$2.00M
$1.75M – $2.33M
NOI $139,905 @ 7.0% cap · market cap 49.98%
Theoretical Best
Mixed Use
$3.01M
$2.63M – $3.51M
NOI $210,600 @ 7.0% cap · market cap 75.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50702, IA
20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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- Lock and Key Storage Units — 1502 Black Hawk St, Waterloo, IA 50702
- Crystal Distribution Services — 1656 Sycamore St, Waterloo, IA 50703
Frequently Asked Questions
What type of property is this?
Warehouse - A 2009-built flex warehouse with two overhead doors, dual driveways, and a fenced lot for practical contractor or storage operations.
Where is this warehouse located?
The property is located at 2021 Commercial Street Waterloo, IA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Commercial flex warehouse built in 2009; Fenced lot for added security; Two large overhead doors
