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    128 Greenfield Dr Unit Tiffin, IA 52340

    • Investment properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 128 Greenfield Dr Unit

    Year built
    2023
    Property type
    Investment properties

    Description

    This exceptional commercial condo, located at 128 Greenfield Drive Unit F in Tiffin, Iowa, presents a fantastic investment opportunity. Boasting an expansive 2,640 square feet of space, this unit offers unparalleled convenience with its strategic location off Interstate 80 and the intersection of Ireland Drive and Roberts Ferry Road, ensuring high visibility and easy accessibility. The property features two generously sized 12' x 14' garage doors, allowing for convenient drive-through access, perfect for various business operations. High ceilings, measuring 16 feet, provide ample vertical space, maximizing storage and operational flexibility. A single restroom is included within the unit. Heating is provided by efficient gas heaters. The property is available for immediate possession. The monthly common area maintenance (CAM) fee is a reasonable $102. While the listing includes finished photos of a similar property, prospective buyers are encouraged to schedule a viewing to fully appreciate the size and potential of this specific unit. This is an ideal space for a variety of businesses seeking a well-located, spacious, and functional commercial property in a thriving area. Don't miss this chance to secure this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tiffin
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6657
    Latitude
    41.689

    Comparable in this City

    • Value Estimation by Request

      128 Greenfield Dr Unit

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      128 Greenfield Dr Unit, Tiffin, IA 52340
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      132 Greenfield Dr Unit

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      132 Greenfield Dr Unit, Tiffin, IA 52340
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      132 Greenfield Dr Unit

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      132 Greenfield Dr Unit, Tiffin, IA 52340
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      128 Greenfield Dr Unit

      Investment properties
      128 Greenfield Dr Unit, Tiffin, IA 52340
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    • Value Estimation by Request

      Ireland Ave

      Flex space
      0 Ireland Ave, Tiffin, IA 52340
      View Details
    • Value Estimation by Request
      16.90 Acres

      Commercial Development Outlot 1 Pr Vlg

      Land • 16.90 Acres
      Commercial Development Outlot 1 Pr Vlg, Tiffin, IA 52340
      View Details

    Similar Nearby for Sale

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      Tiffin Commercial Condos For Sale

      New commercial condos with drive-through access in Tiffin, Iowa.
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    Similar Nearby for Lease

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      1,680 SF

      Retail Space in Tiffin, Iowa

      Retail space available for lease in Tiffin, Iowa.
      S Roberts Ferry Rd, Tiffin, IA 52340
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      157,000 SF

      Speculative Warehouse Development in Tiffin

      New industrial park in high-demand Midwest submarket near major cities.
      3287 Ireland Ave, Tiffin, IA 52340
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      Industrial Space with Drive and Docks

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      Tiffin Flex Space For Rent

      Commercial flex space near I-80, suitable for small business.
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      Tiffin West Industrial Park

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      3287 Ireland Ave, Tiffin, IA 52340
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      Tiffin Flex Space For Rent

      Commercial flex space near I-80, suitable for small business.
      200 Greenfield Dr, Tiffin, IA 52340
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    Tiffin, IA 52340
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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