Industrial Flex Bay with Garage
2451 Freedom Ct Unit D Iowa City, IA 52240
2451 Freedom Ct Unit D, Iowa City, IA, 52240
$199,900
For Sale
$199,900
Versatile 1,600 sq ft commercial bay with 16-ft overhead garage door, private bathroom, and 18-ft ceilings.
Property Size1,600 SF
Price / SF$124.94
Days on Market176
Property Features for 2451 Freedom Ct Unit D
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2025
Listing agency
(319) 331-1701
Listed by
Urban Acres Real Estate Corridor
(319) 331-1701
Source
Xome
Added: Jan 27 Updated: Jul 21 at 12:56AM Checked: Jul 22 at 3:44AM
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 Urban Acres Real Estate Corridor
Investment Insights
Based on property information with market context.
This versatile commercial bay offers a flexible workspace configuration within a 1,600 sq ft industrial/flex setting. The space features 18-ft ceilings to support vertical storage and equipment use, along with energy-efficient LED lighting throughout. Vehicle access is provided by a 16-ft overhead garage door, making deliveries and day-to-day operations straightforward. Electrical service includes 3-phase power with 100 amp service that is upgradeable to 200 amps. The bay also includes a private bathroom and additional space that could accommodate a loft or office build-out depending on the user’s needs.
The property is located at 2451 Freedom Ct Unit D in Iowa City, IA 52240 and is offered for sale as an owner-occupied workspace option rather than a lease.
The main configuration centers on an industrial bay with overhead loading access, high ceilings, and utility-ready electrical service, supported by interior amenities for a small business, trades use, or storage-focused operations.
The property is located at 2451 Freedom Ct Unit D in Iowa City, IA 52240 and is offered for sale as an owner-occupied workspace option rather than a lease.
The main configuration centers on an industrial bay with overhead loading access, high ceilings, and utility-ready electrical service, supported by interior amenities for a small business, trades use, or storage-focused operations.
Key Highlights
- Versatile 1,600 sq ft commercial bay built in 2025
- 18‑ft ceilings for racking, equipment, or storage
- 16‑ft overhead garage door for easy vehicle and delivery access
Local Financial Insights For Warehouse
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 | $15.4k | $9.60 |
| − Vacancy | −$691 | −$0.43 |
| EGI | $14.7k | $9.17 |
| − OpEx | −$2.2k | −$1.38 |
| NOI | $12.5k | $7.79 |
1,600 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$178.1K
$155.9K – $207.8K
NOI $12,468 @ 7.0% cap · market cap 6.24%
Second Best
Industrial
$136.8K
$119.7K – $159.6K
NOI $9,576 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile 1,600 sq ft commercial bay with 16-ft overhead garage door, private bathroom, and 18-ft ceilings.
Where is this flex space located?
The property is located at 2451 Freedom Ct Unit D Iowa City, IA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Versatile 1,600 sq ft commercial bay built in 2025; 18‑ft ceilings for racking, equipment, or storage; 16‑ft overhead garage door for easy vehicle and delivery access
