Flex Space Business
For Sale
$115,000
3318 Airline Highway, Waterloo, IA 50703
Each 20x50 suite includes a private bathroom, HVAC, separately metered utilities, and a 12x14 overhead door.
Property Size8,000 SF
Price / SF$115
Days on Market111
Property Features for 3318 Airline Highway
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial
Zoning
c
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
1.1
8000
Building Details
Building Size
8,000 SF
Year Built
2024
Listing Agency:
Koch Real Estate
(319) 393-0900
Listed By:
Sara Kruse
(319) 329-0619
Source:
Pinnaclerealtyia
Added: Jul 6
Changed: Oct 23
Last Checked: Oct 23 at 5:01AM
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 Koch Real Estate
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,486
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$89,720
$89.7K
Cap Rate 7%
$64,086
$64.1K
Cap Rate 9%
$49,844
$49.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$7.3K $7.32/SF
− Vacancy
−$418 −$0.42/SF
EGI
$6.9K $6.90/SF
− OpEx
−$2.4K −$2.42/SF
NOI
$4.5K $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%
$89,720
Cap Rate 7%
$64,086
Cap Rate 9%
$49,844
Alternative Uses
Best Use
Warehouse
$1.01M
$884.8K – $1.18M
NOI $70,785 @ 7.0% cap · market cap 61.55%
Second Best
Industrial
$832.8K
$728.7K – $971.6K
NOI $58,294 @ 7.0% cap · market cap 50.69%
Theoretical Best
Mixed Use
$1.25M
$1.10M – $1.46M
NOI $87,750 @ 7.0% cap · market cap 76.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50703, IA
18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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 $115,000.
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.
