3111 Airline Hwy Waterloo, IA 50703
This exceptional 12,000-square-foot industrial building, completed in 2023, offers five versatile suites perfect for a variety of uses, including storage, small businesses, or personal facilities. Located conveniently between Cedar Falls and Waterloo near the airport, this property boasts multiple customizable options. Individual suites range from 2,384 to 4,768 contiguous square feet, with the potential to combine units for larger spaces. Each suite includes 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. Building amenities include 18 parking spaces, five dock-high doors, and an asphalt parking/driveway. The building features metal pole construction, metal walls and ceilings, and a firewall between units. Heating and cooling systems vary by area; the front office area has a PTAC unit, while the rear area utilizes gas radiant heat. A concrete floor with a drain is standard. An annual HOA fee covers lawn care, snow removal, and exterior insurance. Customize your space with optional mezzanine additions (20 ft walls), fans, and railings. The rear of the building currently uses recycled asphalt, with full asphalt paving planned for Spring 2024. Two 2,384 sq ft suites are currently available for lease at $2,500/month or for sale at $250,000 each.
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.