Flex Space with Overhead
3035 Capital Way #7/8, Cedar Falls, IA 50613
For Sale
$329,900
M-1 zoning, climate control, office areas, and a shower-equipped restroom support a range of commercial configurations.
Property Size2,475 SF
Price / SF$133.29
Days on Market305
Property Features for 3035 Capital Way #7/8
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Structure Real Estate
(319) 260-2016
Listed By:
Brian Wingert · License IA B60468000
(319) 404-4884
Source:
Gnbrealestate
Added: Jan 9
Changed: Nov 8
Last Checked: Nov 9 at 10:29AM
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 Structure Real Estate
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Investment Insights
Based on property information with market context.
Built in 2023, this 2,475-square-foot flex unit measures 55 by 45 feet. The interior includes two office areas, a restroom with a shower, finished painted walls, and furnace and air-conditioning systems. A 12-by-14-foot overhead door serves the space, which is currently used as a fitness and recovery facility.
The unit is zoned M-1. Gym equipment, a sauna, plunge equipment, a sport court, hoops, and a dish machine are available for separate purchase and are not included in the property sale. The sport court and hoops may be removed to accommodate another configuration.
The unit is zoned M-1. Gym equipment, a sauna, plunge equipment, a sport court, hoops, and a dish machine are available for separate purchase and are not included in the property sale. The sport court and hoops may be removed to accommodate another configuration.
Key Highlights
- 2,475‑square‑foot flex unit built in 2023
- 12‑by‑14‑foot overhead door
- Two office areas and a restroom 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
Flex RnD
$158.6K
$138.8K – $185.1K
NOI $11,104 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$621.3K
$543.6K – $724.8K
NOI $43,490 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
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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
Properties on Market for Flex space in Cedar Falls
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - M-1 zoning, climate control, office areas, and a shower-equipped restroom support a range of commercial configurations.
Where is this flex space located?
The property is located at 3035 Capital Way #7/8 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: 2,475‑square‑foot flex unit built in 2023; 12‑by‑14‑foot overhead door; Two office areas and a restroom with shower
