Industrial Flex Building with Overhead
For Sale
$329,900
3035 Capital Way, Cedar Falls, IA 50613
Flex industrial unit includes a 12x14 overhead door, finished walls, and full heating and air conditioning.
Property Size2,475 SF
Price / SF$133.29
Days on Market273
Property Features for 3035 Capital Way
General Information
Standard status
Active
Size
2,475 SF
Property subtype
Commercial
Zoning
m-1
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$1,561
Amenities
2475
Building Details
Building Size
2,475 SF
Year Built
2023
Listing Agency:
Edge Realty Group
(319) 393-0900
Listed By:
Jaime Hymer
(319) 651-9617
Source:
Pinnaclerealtyia
Added: Jan 9
Changed: Oct 7
Last Checked: Oct 7 at 9:46AM
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 Edge Realty Group
Investment Insights
Based on property information with market context.
This industrial flex space is currently set up as a gym/fitness and recovery center. The 55x45 unit is available as-is, with finished and painted walls and full furnace and A/C capabilities. Interior upgrades include two office areas and a bathroom with a shower. An overhead door measuring 12x14 provides convenient access to the main area.
The building is offered for sale at 3035 Capital Way in Cedar Falls, IA. The seller indicates the building can be sold furnished with gym-related equipment for an additional cost, as-is. Items noted as available for purchase separately (not included in the base purchase price) include gym equipment, a sauna, plunge, sport court, hoops, and a dish machine. The seller also notes that if desired, a bathroom can be added to unit 8 at the stated price.
The space is configured to support use as a gym/sport court, or it may be modified for other uses, including removing hoops and court elements. Equipment and finishes are included in the option described above, subject to the terms of the additional purchase.
The building is offered for sale at 3035 Capital Way in Cedar Falls, IA. The seller indicates the building can be sold furnished with gym-related equipment for an additional cost, as-is. Items noted as available for purchase separately (not included in the base purchase price) include gym equipment, a sauna, plunge, sport court, hoops, and a dish machine. The seller also notes that if desired, a bathroom can be added to unit 8 at the stated price.
The space is configured to support use as a gym/sport court, or it may be modified for other uses, including removing hoops and court elements. Equipment and finishes are included in the option described above, subject to the terms of the additional purchase.
Key Highlights
- 2023‑built industrial flex unit with 2,475 total SF
- 55x45 unit with full furnace and A/C capabilities
- Finished and painted interior with two office areas and a bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,104
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,080
$222.1K
Cap Rate 7%
$158,629
$158.6K
Cap Rate 9%
$123,378
$123.4K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$18.1K $7.32/SF
− Vacancy
−$1.0K −$0.42/SF
EGI
$17.1K $6.90/SF
− OpEx
−$6.0K −$2.42/SF
NOI
$11.1K $4.49/SF
Area
Black Hawk County, IA
Vacancy
5.71%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,080
Cap Rate 7%
$158,629
Cap Rate 9%
$123,378
Alternative Uses
Best Use
Industrial
$2.06M
$1.80M – $2.40M
NOI $144,277 @ 7.0% cap · market cap 43.73%
Second Best
Flex RnD
$158.6K
$138.8K – $185.1K
NOI $11,104 @ 7.0% cap · market cap 3.37%
Theoretical Best
Mixed Use
$3.10M
$2.71M – $3.62M
NOI $217,181 @ 7.0% cap · market cap 65.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial unit includes a 12x14 overhead door, finished walls, and full heating and air conditioning.
Where is this flex space located?
The property is located at 3035 Capital Way Cedar Falls, IA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2023‑built industrial flex unit with 2,475 total SF; 55x45 unit with full furnace and A/C capabilities; Finished and painted interior with two office areas and a bathroom with shower
