Flex Storage Condo
3045 Capital Way Cedar Falls, IA 50613
3045 Capital Way, Cedar Falls, IA, 50613
$214,775
For Sale
$214,775
Condo-style suite with insulated walls, HVAC, a finished bathroom, and a 12' by 14' overhead door.
Property Size1,980 SF
Price / SF$108.47
Days on Market86
Property Features for 3045 Capital Way
General Information
- Standard status
- Active
- Size
- 1,980 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing agency
Fischels Commercial Group
(319) 601-9868
Listed by
Ali Fortin
(319) 601-9868
Source
Pinnaclerealtyia
Added: Apr 27 Updated: Jul 21 at 7:58AM Checked: Jul 21 at 7:58AM
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 Fischels Commercial Group
Investment Insights
Based on property information with market context.
This condo-style flex storage suite totals 1,980 square feet and is built to accommodate storage or a small business use. The unit includes insulated walls, a heating and cooling unit, and a finished bathroom. It also features a walk-in door adjacent to a single overhead door.
The space is located in Cedar Falls’ Industrial Park. The listing includes a 12' wide by 14' tall overhead door set within a 44' x 45' space with 16' ceilings, and the building design provides separate electric and water meters. An annual HOA fee is noted to cover lawn care, snow removal, and exterior insurance.
For a walk-in-buyer option to customize space within a condo structure, this unit offers enclosed, climate-controlled interior improvements alongside independent utilities.
The space is located in Cedar Falls’ Industrial Park. The listing includes a 12' wide by 14' tall overhead door set within a 44' x 45' space with 16' ceilings, and the building design provides separate electric and water meters. An annual HOA fee is noted to cover lawn care, snow removal, and exterior insurance.
For a walk-in-buyer option to customize space within a condo structure, this unit offers enclosed, climate-controlled interior improvements alongside independent utilities.
Key Highlights
- 3‑acre condo‑style commercial development in Cedar Falls' Industrial Park
- Unit includes insulated walls, heating/cooling, and a finished bathroom
- Condo‑style building with 9,900 total building area and Year Built 2025
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 | $14.5k | $7.32 |
| − Vacancy | −$828 | −$0.42 |
| EGI | $13.7k | $6.90 |
| − OpEx | −$4.8k | −$2.42 |
| NOI | $8.9k | $4.49 |
1,980 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,155 @ 7.0% cap · market cap 65.26%
Second Best
Industrial
$1.65M
$1.44M – $1.92M
NOI $115,422 @ 7.0% cap · market cap 53.74%
Theoretical Best
Mixed Use
$2.48M
$2.17M – $2.90M
NOI $173,745 @ 7.0% cap · market cap 80.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Condo-style suite with insulated walls, HVAC, a finished bathroom, and a 12' by 14' overhead door.
Where is this self storage facility located?
The property is located at 3045 Capital Way Cedar Falls, IA.
What is the asking price?
The asking price for this property is $214,775.
What are key features of this property?
This property features: 3‑acre condo‑style commercial development in Cedar Falls' Industrial Park; Unit includes insulated walls, heating/cooling, and a finished bathroom; Condo‑style building with 9,900 total building area and Year Built 2025
