Warehouse with Multiple Drive
For Sale
Contact for pricing
6701 Strayer Road, Cedar Falls, IA 50613
Freestanding warehouse with substantial yard space, multiple drive doors, and a dock door suitable for warehousing or manufacturing.
Property Size37,200 SF
Days on Market152
Property Features for 6701 Strayer Road
General Information
Standard status
Active
Size
37,200 SF
Property subtype
Commercial
Zoning
Mixed
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$16,342
Amenities
47.49
37200
Building Details
Building Size
37,200 SF
Year Built
1982
Listing Agency:
Skogman Realty Co.
(319) 393-0900
Listed By:
Jerome Edwards
(319) 594-2525
Source:
Pinnaclerealtyia
Added: May 27
Changed: Oct 25
Last Checked: Oct 24 at 2:54PM
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 Skogman Realty Co.
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Investment Insights
Based on property information with market context.
This for-sale industrial warehouse includes substantial yard space along with multiple drive doors and a dedicated dock door, supporting day-to-day receiving and distribution operations. The property is improved with a 37,200-square-foot warehouse area that can accommodate warehousing or manufacturing uses.
Located at 6701 Strayer Road in Cedar Falls, Iowa, the site’s combination of outdoor yard and warehouse loading features makes it well-suited for tenants or buyers seeking flexible logistics-oriented space.
Square footage options are available to fit different space requirements, allowing for a tailored occupancy within the overall warehouse configuration.
Located at 6701 Strayer Road in Cedar Falls, Iowa, the site’s combination of outdoor yard and warehouse loading features makes it well-suited for tenants or buyers seeking flexible logistics-oriented space.
Square footage options are available to fit different space requirements, allowing for a tailored occupancy within the overall warehouse configuration.
Key Highlights
- Freestanding 37,200 SF warehouse built in 1982
- 47.49‑acre lot with substantial yard space
- Multiple drive doors plus a dock door for loading and receiving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,633,216
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,664,320
$52.7M
Cap Rate 7%
$37,617,371
$37.6M
Cap Rate 9%
$29,257,956
$29.3M
Market Conditions
NOI Build-Up for 37,200 SF
Gross rent
$3.29M $88.32/SF
− Vacancy
−$187.6K −$5.04/SF
EGI
$3.10M $83.28/SF
− OpEx
−$464.7K −$12.49/SF
NOI
$2.63M $70.79/SF
Area
Black Hawk County, IA
Vacancy
5.71%
Lease Rate
$88.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,664,320
Cap Rate 7%
$37,617,371
Cap Rate 9%
$29,257,956
Alternative Uses
Best Use
Warehouse
$37.62M
$32.92M – $43.89M
NOI $2,633,216 @ 7.0% cap · market cap 65,830,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$46.63M
$40.80M – $54.41M
NOI $3,264,300 @ 7.0% cap · market cap 81,607,500.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with substantial yard space, multiple drive doors, and a dock door suitable for warehousing or manufacturing.
Where is this warehouse located?
The property is located at 6701 Strayer Road Cedar Falls, IA.
What are key features of this property?
This property features: Freestanding 37,200 SF warehouse built in 1982; 47.49‑acre lot with substantial yard space; Multiple drive doors plus a dock door for loading and receiving
