Climate-Controlled Flex and Storage
2811 GERALDINE RD Waterloo, IA 50703
2811 GERALDINE RD, Waterloo, IA, 50703
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For Sale
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25-by-50 units with climate control, overhead door access, and private utilities support both storage and small business use.
Property Size1,250 SF
Price / SF$110
Days on Market51
Property Features for 2811 GERALDINE RD
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2023
Listing agency
AW Commercial & Development
(563) 419-7644
Listed by
Lindsey McEnaney · License #S70812000
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:50PM Checked: Jul 20 at 5:34AM
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 AW Commercial & Development
Investment Insights
Based on property information with market context.
This property offers climate-controlled storage units and business suites designed for practical access and operational flexibility. Each unit measures 25' x 50' and includes a 12' x 14' overhead door for straightforward loading and unloading. The interior layout features 16' side walls and a floor drain in each unit, while insulated walls help support consistent conditions. Suites also include a bathroom, and the property is served with separate electric and water meters for each unit.
The site is located on Geraldine Road between Cedar Falls and Waterloo, with proximity to Highway 218 and the Waterloo Regional Airport. A monthly HOA fee of $50 per month covers lawn maintenance, snow removal, and exterior insurance.
This configuration can fit owner-operators who want dedicated, climate-controlled space with private metering and straightforward overhead door access. The presence of a bathroom within each suite and the floor drain can be beneficial for a range of light industrial or service-oriented uses that need more functional in-unit infrastructure.
The site is located on Geraldine Road between Cedar Falls and Waterloo, with proximity to Highway 218 and the Waterloo Regional Airport. A monthly HOA fee of $50 per month covers lawn maintenance, snow removal, and exterior insurance.
This configuration can fit owner-operators who want dedicated, climate-controlled space with private metering and straightforward overhead door access. The presence of a bathroom within each suite and the floor drain can be beneficial for a range of light industrial or service-oriented uses that need more functional in-unit infrastructure.
Key Highlights
- Newer build (2023) storage unit and/or business suite opportunity with climate control
- Each unit is 25' x 50' with a 12' x 14' overhead door and 16' side walls
- Floor drain included in each unit
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 | $9.2k | $7.32 |
| − Vacancy | −$522 | −$0.42 |
| EGI | $8.6k | $6.90 |
| − OpEx | −$3.0k | −$2.42 |
| NOI | $5.6k | $4.49 |
1,250 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Industrial
$1.04M
$910.8K – $1.21M
NOI $72,867 @ 7.0% cap · market cap 52.99%
Second Best
Self Storage
$213.7K
$187.0K – $249.4K
NOI $14,962 @ 7.0% cap · market cap 10.88%
Theoretical Best
Mixed Use
$1.57M
$1.37M – $1.83M
NOI $109,688 @ 7.0% cap · market cap 79.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - 25-by-50 units with climate control, overhead door access, and private utilities support both storage and small business use.
Where is this self storage facility located?
The property is located at 2811 GERALDINE RD Waterloo, IA.
What is the asking price?
The asking price for this property is $137,500.
What are key features of this property?
This property features: Newer build (2023) storage unit and/or business suite opportunity with climate control; Each unit is 25' x 50' with a 12' x 14' overhead door and 16' side walls; Floor drain included in each unit
