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Property profile & analytics
OFF-MARKET
Warehouses

3311 Airline Hwy Waterloo, IA 50703

2,384 SF Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 2024
Total area 2,384 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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