Warehouse-Flex Space with
3111 Airline Highway Waterloo, IA 50703
3111 Airline Highway, Waterloo, IA, 50703
$269,000
For Sale
$269,000
Warehouse-flex building includes a dedicated office, two bathrooms, a mezzanine, and 20-ft sidewalls.
Property Size2,832 SF
Price / SF$94.99
Days on Market154
Property Features for 3111 Airline Highway
General Information
- Standard status
- Active
- Size
- 2,832 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing agency
Urban Acres Real Estate Corridor
(319) 551-6448
Listed by
Cole Breitbach
(319) 551-6448
Source
Pinnaclerealtyia
Added: Feb 17 Updated: Jul 21 at 12:53AM Checked: Jul 21 at 3:21AM
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 Urban Acres Real Estate Corridor
Investment Insights
Based on property information with market context.
For sale: a versatile warehouse/flex space built for businesses that need warehouse capacity with an integrated office. The interior features a dedicated office area for administration or meeting space, two bathrooms for convenience, and an open layout designed for straightforward customization. A mezzanine level adds additional usable space for storage, workstations, or showroom-style use. High ceilings with 20-ft sidewalls support a range of operational needs.
The property is located at 3111 Airline Highway in Waterloo, IA, with excellent access to major roadways to support logistics and transportation. Ample parking is available for both employees and clients.
The overall configuration combines flexible warehouse space with office functionality, making it a practical fit for tenants seeking one building that can support both work areas and onsite administration.
The property is located at 3111 Airline Highway in Waterloo, IA, with excellent access to major roadways to support logistics and transportation. Ample parking is available for both employees and clients.
The overall configuration combines flexible warehouse space with office functionality, making it a practical fit for tenants seeking one building that can support both work areas and onsite administration.
Key Highlights
- Warehouse/flex building on 1.34 acres with 10,000 total building area SF
- Built in 2023 with 20‑ft sidewall height for warehouse storage and workspace flexibility
- Includes a dedicated office area for administrative use, meetings, or remote work
Local Financial Insights For Office B
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 | $32.6k | $11.52 |
| − Vacancy | −$7.9k | −$2.79 |
| EGI | $24.7k | $8.73 |
| − OpEx | −$6.2k | −$2.18 |
| NOI | $18.5k | $6.55 |
2,832 SF · lease $11.52/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$2.86M
$2.51M – $3.34M
NOI $200,464 @ 7.0% cap · market cap 74.52%
Second Best
Industrial
$2.36M
$2.06M – $2.75M
NOI $165,088 @ 7.0% cap · market cap 61.37%
Theoretical Best
Mixed Use
$3.55M
$3.11M – $4.14M
NOI $248,508 @ 7.0% cap · market cap 92.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Warehouse-flex building includes a dedicated office, two bathrooms, a mezzanine, and 20-ft sidewalls.
Where is this flex space located?
The property is located at 3111 Airline Highway Waterloo, IA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Warehouse/flex building on 1.34 acres with 10,000 total building area SF; Built in 2023 with 20‑ft sidewall height for warehouse storage and workspace flexibility; Includes a dedicated office area for administrative use, meetings, or remote work
