Flex Space with Overhead
22755 Route 3 Highway, Holy Cross, IA 52053
For Sale
$285,000
Under Contract
Commercial Sale, Holy Cross, IA
Property Size3,800 SF
Price / SF$75
Days on Market51
Property Features for 22755 Route 3 Highway
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Subdivision
Standard status
APN
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Remax Advantage · RE/MAX International
(563) 588-3078
Listed By:
The Adams Team .
(563) 590-2016
Added: Sep 21
Changed: Oct 7
Last Checked: Nov 10 at 6:06AM
MLS# 155776
Copyright © 2026 East Central Iowa 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.
This 3,800+ square foot flex property in Holy Cross includes a steel-sided building with concrete flooring, a metal roof, one bathroom, and three overhead doors measuring 14 feet. Forced-air heating and central air are installed, while a large concrete pad provides on-site parking. The building was constructed in 1994 and is served by a well.
Located at 22755 Route 3 Highway, the property carries B-1 zoning. The existing configuration can accommodate repair-shop operations, group meeting space, or enclosed vehicle and equipment storage, as described in the property information.
Located at 22755 Route 3 Highway, the property carries B-1 zoning. The existing configuration can accommodate repair-shop operations, group meeting space, or enclosed vehicle and equipment storage, as described in the property information.
Key Highlights
- 3,800+ square foot flex building
- 3 overhead doors measuring 14'
- B‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,604
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,080
$452.1K
Cap Rate 7%
$322,914
$322.9K
Cap Rate 9%
$251,156
$251.2K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$34.2K $9.00/SF
− Vacancy
−$1.9K −$0.50/SF
EGI
$32.3K $8.50/SF
− OpEx
−$9.7K −$2.55/SF
NOI
$22.6K $5.95/SF
Area
Dubuque County, IA
Vacancy
5.58%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,080
Cap Rate 7%
$322,914
Cap Rate 9%
$251,156
Alternative Uses
Best Use
Flex RnD
$486.9K
$426.1K – $568.1K
NOI $34,086 @ 7.0% cap · market cap 11.96%
Second Best
Retail
$471.5K
$412.6K – $550.1K
NOI $33,005 @ 7.0% cap · market cap 11.58%
Theoretical Best
Specialty Retail
$739.5K
$647.1K – $862.8K
NOI $51,766 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52053, IA
1,120
Population
428
Households
2.6
Avg Household Size
40
Median Age
25%
College-Educated
90%
High-School Grad
58.5 sq mi
ZIP Area
19
Density / Sq Mi
$103,250
Median Household Income
$44,500
Median Earnings
$635
Median Rent
$281,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - B-1 zoning, concrete floors, and a large paved area provide a practical commercial setup.
Where is this flex space located?
The property is located at 22755 Route 3 Highway Holy Cross, IA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 3,800+ square foot flex building; 3 overhead doors measuring 14'; B‑1 zoning
