New Construction Industrial Building
For Sale
$802,593
Lot 2 - 3455 Marnie Ave - Lot For Sale, Waterloo, IA 50701
Flexible shop/warehouse & office facility in Cedar Rapids, Iowa.
Property Size13,248 SF
Lot Size3.35 Acres
Price / SF$60.58
Days on Market605
Property Features for Lot 2 - 3455 Marnie Ave - Lot For Sale
General Information
Standard status
Active
Size
13,248 SF
Lot size
3.35 Acres
Property subtype
Land
Zoning
C-2
Taxes and HOA fees
Annual Taxes
$4,821
Amenities
Buildable,Commercial,Industrial Park,Sloped
Public
145,926
3.35
City Street,County Road,Hard Surface Road,Paved Road
Listing Agency:
Pinnacle Realty
(319) 440-7245
Listed By:
Trev Adair · License #322502720
(319) 550-2125
Source:
Pinnaclerealtyia
Added: Feb 15, 2025
Changed: Oct 13
Last Checked: Oct 12 at 5:15PM
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 Pinnacle Realty
Investment Insights
Based on property information with market context.
This new construction industrial building opportunity is located in Cedar Rapids, Iowa. The project is designed as a flexible shop, warehouse, and office facility. The building offers both a cost-effective shell option and a fully finished turn-key solution. The total building size is 13,248 sqft, with office dimensions of 32’ x 54’ (1,728 sqft) and shop dimensions of 60’ x 120’ (11,520 sqft). The building is of post frame construction with an insulated shop and a 20’ ceiling height. It includes four 16’ x 16’ overhead doors, 200 amp electrical service, LED lighting, and full utilities to the building. The finished office option includes a reception area, five private offices, a 12-chair conference room, a breakroom with kitchenette, two restrooms, LVP flooring, and a data/storage closet. The vanilla shell option includes grading, utilities, aggregate base, stormwater infrastructure, building erection, and insulation with 16’x16’ OH doors and 3’ walk-in doors. The finished option includes a concrete parking lot, apron, office & shop finished to city code. The property is centrally located in the fast-growing corridor off the exit, less than 3 miles from data center projects, with strong demand for contractor space and low-maintenance construction. It is located on Ders Drive NW in Cedar Rapids, Iowa, off the Swisher/Shueyville exit on the west side of I380, less than ½ mile to the interchange and approximately 1 mile to the Eastern Iowa Airport and 2.5 miles to the new Data Center Megaprojects. The building can be erected and ready for occupancy in approximately 12-16 weeks.
Key Highlights
- New construction industrial building with flexible build‑to‑suit options and low maintenance design.
- Prime location in the fast‑growing corridor near major data center projects and the I‑380 interchange.
- Choice of vanilla shell or finished turn‑key options, allowing for customization or immediate occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,435
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,700
$1.2M
Cap Rate 7%
$849,071
$849.1K
Cap Rate 9%
$660,389
$660.4K
Market Conditions
NOI Build-Up for 13,248 SF
Gross rent
$97.0K $7.32/SF
− Vacancy
−$5.5K −$0.42/SF
EGI
$91.4K $6.90/SF
− OpEx
−$32.0K −$2.42/SF
NOI
$59.4K $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%
$1,188,700
Cap Rate 7%
$849,071
Cap Rate 9%
$660,389
Alternative Uses
Best Use
Industrial
$11.03M
$9.65M – $12.87M
NOI $772,277 @ 7.0% cap · market cap 96.22%
Second Best
Flex RnD
$849.1K
$742.9K – $990.6K
NOI $59,435 @ 7.0% cap · market cap 7.41%
Theoretical Best
Mixed Use
$16.61M
$14.53M – $19.38M
NOI $1,162,512 @ 7.0% cap · market cap 144.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50701, IA
29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible shop/warehouse & office facility in Cedar Rapids, Iowa.
Where is this flex space located?
The property is located at Lot 2 - 3455 Marnie Ave - Lot For Sale Waterloo, IA.
What is the asking price?
The asking price for this property is $802,593.
What are key features of this property?
This property features: New construction industrial building with flexible build‑to‑suit options and low maintenance design.; Prime location in the fast‑growing corridor near major data center projects and the I‑380 interchange.; Choice of vanilla shell or finished turn‑key options, allowing for customization or immediate occupancy.
