Property profile

5611 Westminster Dr Cedar Falls, IA 50613

FOR SALE
Warehouses
Property ID
US25-0435621
14,256 SF 1.23 ac lot Built 1996
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,728-square-foot warehouse condo, located at 5611 Westminster Dr. #3 in Cedar Falls, Iowa, presents a fantastic opportunity for small businesses seeking a functional and conveniently located space. The property is part of a larger industrial complex, offering a single-tenant occupancy within a 14,256-square-foot building. Built in 1996, this single-story structure sits on a 1.23-acre lot (53,579 square feet) and is zoned M-1. The unit features a 14-foot overhead door, providing easy access for loading and unloading. The property's location in Cedar Falls, Iowa, zip code 50613, offers excellent accessibility and visibility. This is a rare opportunity to acquire a well-maintained warehouse condo in a thriving business community. The property's single-story design and convenient drive-in access enhance operational efficiency. The ample lot size provides ample room for maneuvering and potential future expansion. This turnkey solution is ready for immediate occupancy and presents a compelling investment opportunity for entrepreneurs and business owners alike.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1996
Construction FRAME
Total area 14,256 SF
Lot 1.23 ac (53,578 SF)
APN 8914-25-301-024
UPID US25-0435621

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist

Location

5611 Westminster Dr Cedar Falls, IA 50613
Cedar Falls metro Census 2601 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$769k
Blend (final) Blend
$400k

Owner & transaction history

since 2016
3 recorded transactions
2018
Price N/A
2017
Price N/A
2016
$340,000

Zoning & alternative use

Top alternative use upside
Office building $995,000 +16.6%
Retail stores $925,000 +8.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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