Flex Space with Overhead
3035 Capital Way Unit 7/8, Cedar Falls, IA 50613
For Sale
$329,900
Climate control, two office areas, and a shower-equipped bathroom support a range of operational needs.
Property Size2,475 SF
Price / SF$133.29
Days on Market310
Property Features for 3035 Capital Way Unit 7/8
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Structure Real Estate
Listed By:
Brian Wingert · License IA B60468000
(319) 404-4884
Source:
Karensteffeshomes
Added: Jan 9
Changed: Nov 12
Last Checked: Nov 13 at 9:47AM
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 is currently arranged for fitness and recovery, with a sport court and hoops. The seller can remove the court and hoops for a different interior setup. Finished, painted walls, a full furnace and air conditioning system, two office areas, and a bathroom with shower are included. A 12-by-14-foot overhead door provides access to the space. The seller can add a bathroom in unit 8 if requested.
Gym equipment, a sauna, plunge, sport court, hoops, and a DR dish machine are available separately and are not included in the sale. The building may be sold with equipment furnished for an additional cost.
Gym equipment, a sauna, plunge, sport court, hoops, and a DR dish machine are available separately and are not included in the sale. The building may be sold with equipment furnished for an additional cost.
Key Highlights
- 2,475‑square‑foot flex unit built in 2023
- 12‑by‑14‑foot overhead door
- Full furnace and air conditioning
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.
How Realmo checks its estimates
Property Analytics
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
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 - Climate control, two office areas, and a shower-equipped bathroom support a range of operational needs.
Where is this flex space located?
The property is located at 3035 Capital Way Unit 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; Full furnace and air conditioning
