Metal Warehouse and Office
4186 Alyssa Ct Iowa City, IA 52240
4186 Alyssa Ct, Iowa City, IA, 52240
$2,500,000
For Sale
$2,500,000
The property includes a rigid steel-frame metal warehouse with HVAC, rubber membrane roof, and an attached metal office with power overhead doors.
Property Size20,060 SF
Price / SF$124.63
Days on Market190
Property Features for 4186 Alyssa Ct
General Information
- Standard status
- Active
- Size
- 20,060 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1999
Listing agency
McNaul Real Estate Inc
(641) 623-5026
Listed by
Karen McNaul
Source
Xome
Added: Jan 13 Updated: Jul 21 at 6:46AM Checked: Jul 21 at 6:46AM
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 McNaul Real Estate Inc
Investment Insights
Based on property information with market context.
The property includes a metal warehouse built in 1999 with a rigid steel frame, metal/stucco insulation, and a 1-story design. The roof consists of a rubber membrane over steel, and the warehouse has vacuum gas HVAC. Office space is configured internally with heat only, and there is a 2,100 SF mezzanine area described as open storage/warehouse/work space, along with an additional 2,100 SF liner area described as compo (SFSA).
An additional 4,030 SF metal office built in 1999 is also included, with combination FHA-AC HVAC and a rubber membrane/steel roof. The facility has multiple overhead power doors, including one 14' wide by 14' high door and six 22' wide by 14' high doors, plus extensive steel stud partitioning is noted as 140 lineal feet at a height of 26.
Overall, the offering consists of a warehouse and office combination totaling 20,060 SF, designed for industrial operations with both open warehouse space and internal office support.
An additional 4,030 SF metal office built in 1999 is also included, with combination FHA-AC HVAC and a rubber membrane/steel roof. The facility has multiple overhead power doors, including one 14' wide by 14' high door and six 22' wide by 14' high doors, plus extensive steel stud partitioning is noted as 140 lineal feet at a height of 26.
Overall, the offering consists of a warehouse and office combination totaling 20,060 SF, designed for industrial operations with both open warehouse space and internal office support.
Key Highlights
- 1.37‑acre lot with 25 parking spaces and a concrete driveway.
- Metal warehouse built in 1999 with rigid steel frame (1 story) and 16,030 SF; 0 SF basement.
- Additional metal office built in 1999 with 4,030 SF (1 story) and 0 SF basement.
Local Financial Insights For Warehouse
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 | $192.6k | $9.60 |
| − Vacancy | −$8.7k | −$0.43 |
| EGI | $183.9k | $9.17 |
| − OpEx | −$27.6k | −$1.38 |
| NOI | $156.3k | $7.79 |
20,060 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.23M
$1.95M – $2.61M
NOI $156,324 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,059 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$4.36M
$3.81M – $5.08M
NOI $305,040 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Siouxland Labs
Ophthalmologist
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FAQs
What type of property is this?
Flex space - The property includes a rigid steel-frame metal warehouse with HVAC, rubber membrane roof, and an attached metal office with power overhead doors.
Where is this flex space located?
The property is located at 4186 Alyssa Ct Iowa City, IA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1.37‑acre lot with 25 parking spaces and a concrete driveway.; Metal warehouse built in 1999 with rigid steel frame (1 story) and 16,030 SF; 0 SF basement.; Additional metal office built in 1999 with 4,030 SF (1 story) and 0 SF basement.
