Flex Space with Retail and
For Sale
$769,900
3615 Flint Ridge Drive, Burlington, IA 52601
Multi-use flex facility near Lowe’s with 2 overhead doors, removable showroom walls, and dedicated office and warehouse space.
Property Size8,100 SF
Price / SF$95.05
Days on Market72
Property Features for 3615 Flint Ridge Drive
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
5,600 SF
Office Build-Out
2,500 SF
Dock-High Doors
1
Three-Phase Power
Yes
Building Details
Year Built
2002
Building Size
8,100 SF
Listing Agency:
Century 21/Property Professionals
(319) 750-0010
Listed By:
Elizabeth Ross · License #***
(319) 750-0010
Source:
Sweeneyrealestate
Added: May 21
Changed: Jul 31
Last Checked: Jul 31 at 4:20AM
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 Century 21/Property Professionals
Investment Insights
Based on property information with market context.
Flex space at 3615 Flint Ridge Drive in Burlington, Iowa, built in 2002 and designed for multi-use operations. The property combines a retail/office front section with a larger warehouse/manufacturing area in the rear, totaling more than 8,100 SF. The retail showroom has removable walls, allowing the front area to convert into one large open space, supported by three offices and restroom service including one full and two half baths. Throughout the warehouse and office areas, the space includes high ceilings, air lines, gas forced heat, air conditioning, and radiant heat. Power and logistics support heavy-duty use with three phase electric, two overhead doors, and a convenient truck dock.
The site is located directly across from Lowe’s in Flint Ridge business park, offering visibility and steady traffic flow.
Seller is open to leasing the entire space if a business is not ready to purchase, providing flexibility for occupancy planning.
The site is located directly across from Lowe’s in Flint Ridge business park, offering visibility and steady traffic flow.
Seller is open to leasing the entire space if a business is not ready to purchase, providing flexibility for occupancy planning.
Key Highlights
- Total building size 8,100 SF with 2,500 SF retail/office and 5,600 SF warehouse/manufacturing
- Retail showroom walls are all removable to create one large open area
- Two overhead doors plus convenient truck dock
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 | $99.1k | $12.24 |
| − Vacancy | −$6.1k | −$0.76 |
| EGI | $93.0k | $11.48 |
| − OpEx | −$32.5k | −$4.02 |
| NOI | $60.4k | $7.46 |
8,100 SF · lease $12.24/SF/yr · vacancy 6.20% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.66M
NOI $99,829 @ 7.0% cap · market cap 12.97%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,855 @ 7.0% cap · market cap 11.02%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,685 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-use flex facility near Lowe’s with 2 overhead doors, removable showroom walls, and dedicated office and warehouse space.
Where is this flex space located?
The property is located at 3615 Flint Ridge Drive Burlington, IA.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Total building size 8,100 SF with 2,500 SF retail/office and 5,600 SF warehouse/manufacturing; Retail showroom walls are all removable to create one large open area; Two overhead doors plus convenient truck dock
