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Property profile & analytics
OFF-MARKET
Warehouses

3111 Airline Hwy Waterloo, IA 50703

12,000 SF Built 2023
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 2023
Total area 12,000 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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