3311 Airline Hwy Waterloo, IA 50703
This exceptional investment opportunity presents two brand-new, 2,384 sq ft flex/warehouse condo units in Waterloo, Iowa, situated on a spacious 58,283 sq ft lot. Each unit, priced at $250,000, boasts a 12' x 14' overhead door with 20' side walls, a floor drain, separate electric and water meters, insulated walls, a heating/cooling unit, and a finished bathroom. The single-story, 2024-built building features a metal pole construction with asphalt parking/driveway (to be completed Spring 2024). Units include a walk-in door adjacent to the overhead door and a 200-amp surface-mounted panel. A customizable mezzanine option is available at an additional cost. The property is zoned M-1 and benefits from an annual HOA fee covering lawn care, snow removal, and exterior insurance. Conveniently located between Cedar Falls and Waterloo, near the airport, this property is ideal for owner-users seeking a versatile space for storage, small business operations, or personal use. The potential exists to combine units for a total of 4,768 sq ft. This is a rare opportunity to own a modern, well-equipped industrial space in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.