Flex Space Business
3318 Airline Highway Waterloo, IA 50703
3318 Airline Highway, Waterloo, IA, 50703
$105,000
For Sale
$105,000
Each 20x50 suite includes a private bathroom, HVAC, separately metered utilities, and a 12x14 overhead door.
Property Size1,000 SF
Price / SF$105
Days on Market283
Property Features for 3318 Airline Highway
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2024
Listing agency
AWRE - Commercial & Development
(319) 213-1157
Listed by
Lydia Fitzgerald
(319) 213-1157
Source
Pinnaclerealtyia
Added: Oct 13, 2025 Updated: Jul 22 at 3:41AM Checked: Jul 22 at 3:41AM
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 AWRE - Commercial & Development
Investment Insights
Based on property information with market context.
These flex space business suites offer a straightforward small-bay setup with individual functionality. Each 20x50 unit includes its own bathroom and heating and cooling, along with separately metered utilities for more independent operation.
Operational convenience is built in with a 12x14’ overhead door for loading and access. The property is located at 3318 Airline Highway in Waterloo, IA.
Additional flexibility may be available through custom-sized units in a next building starting in 2026, subject to inquiry.
Operational convenience is built in with a 12x14’ overhead door for loading and access. The property is located at 3318 Airline Highway in Waterloo, IA.
Additional flexibility may be available through custom-sized units in a next building starting in 2026, subject to inquiry.
Key Highlights
- New 2024 build with 20x50 business suites offering flex space for a range of uses.
- Each suite includes a private bathroom and dedicated HVAC system.
- Suites feature separately metered utilities for each unit.
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 | $7.3k | $7.32 |
| − Vacancy | −$418 | −$0.42 |
| EGI | $6.9k | $6.90 |
| − OpEx | −$2.4k | −$2.42 |
| NOI | $4.5k | $4.49 |
1,000 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$1.01M
$884.8K – $1.18M
NOI $70,785 @ 7.0% cap · market cap 67.41%
Second Best
Industrial
$832.8K
$728.7K – $971.6K
NOI $58,294 @ 7.0% cap · market cap 55.52%
Theoretical Best
Mixed Use
$1.25M
$1.10M – $1.46M
NOI $87,750 @ 7.0% cap · market cap 83.57%
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 - Each 20x50 suite includes a private bathroom, HVAC, separately metered utilities, and a 12x14 overhead door.
Where is this flex space located?
The property is located at 3318 Airline Highway Waterloo, IA.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: New 2024 build with 20x50 business suites offering flex space for a range of uses.; Each suite includes a private bathroom and dedicated HVAC system.; Suites feature separately metered utilities for each unit.
