Flex Space with Warehouse
New
For Sale
Contact for pricing
5814 Westminster Drive, Cedar Falls, IA 50613
A split warehouse and office-retail layout includes private offices and multiple overhead doors.
Property Size30,240 SF
Price / SF$0.62
Days on Market2
Property Features for 5814 Westminster Drive
General Information
Standard status
Active
Size
30,240 SF
Property subtype
Commercial
Zoning
C
Lease Type
Net
Warehouse & Industrial
Warehouse Space
8,000 SF
Office Build-Out
2,000 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$47,268
Amenities
Concrete
Paved 2Lane
2.74
30240
Building Details
Building Size
30,240 SF
Year Built
2000
Stories
1
Listing Agency:
Edge Realty Group
(319) 393-0900
Listed By:
Nicki Kramer
(319) 981-2889
Source:
Pinnaclerealtyia
Added: Oct 23
Last Checked: Oct 23 at 4:06PM
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 Edge Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,000-square-foot flex property in Cedar Falls Industrial Park combines 8,000 square feet of warehouse and industrial area with 2,000 square feet of office and retail space. The office-retail portion includes three private offices. Three overhead doors, each 14 feet tall by 12 feet wide, serve the warehouse area, and paved on-site parking is available. The building was constructed in 2000 and is zoned C.
The property is near Highway 20 in Cedar Falls, Iowa. Its separate warehouse and office-retail areas, private offices, and overhead-door access provide a range of functional spaces within one building.
The property is near Highway 20 in Cedar Falls, Iowa. Its separate warehouse and office-retail areas, private offices, and overhead-door access provide a range of functional spaces within one building.
Key Highlights
- 10,000 square feet total, including 8,000 square feet of warehouse/industrial space and 2,000 square feet of office/retail space
- Three overhead doors, each 14 feet tall by 12 feet wide
- Office/retail area includes three private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,863
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,260
$897.3K
Cap Rate 7%
$640,900
$640.9K
Cap Rate 9%
$498,478
$498.5K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$73.2K $7.32/SF
− Vacancy
−$4.2K −$0.42/SF
EGI
$69.0K $6.90/SF
− OpEx
−$24.2K −$2.42/SF
NOI
$44.9K $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%
$897,260
Cap Rate 7%
$640,900
Cap Rate 9%
$498,478
Alternative Uses
Best Use
Warehouse
$10.11M
$8.85M – $11.80M
NOI $707,854 @ 7.0% cap · market cap 11,509.82%
Second Best
Industrial
$8.33M
$7.29M – $9.72M
NOI $582,938 @ 7.0% cap · market cap 9,478.67%
Theoretical Best
Mixed Use
$12.54M
$10.97M – $14.63M
NOI $877,500 @ 7.0% cap · market cap 14,268.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
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
Frequently Asked Questions
What type of property is this?
Flex space - A split warehouse and office-retail layout includes private offices and multiple overhead doors.
Where is this flex space located?
The property is located at 5814 Westminster Drive Cedar Falls, IA.
What are key features of this property?
This property features: 10,000 square feet total, including 8,000 square feet of warehouse/industrial space and 2,000 square feet of office/retail space; Three overhead doors, each 14 feet tall by 12 feet wide; Office/retail area includes three private offices
