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    Property profile & analytics
    OFF-MARKET Estimated value $835,000
    Warehouses

    5611 Westminster Dr, Cedar Falls, IA 50613-6991

    14,256 SF 1.23 ac lot Built 1996
    Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-0435621
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • iFOAM Insulation General Contractor Renovation Specialist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $769k
    Blend (final) Blend
    $835k
    Owner & transaction history
    David D Weidenbacher · 9 yrs held
    David D Weidenbacher
    since 2016
    3 recorded transactions
    2018
    2017
    2016
    $340,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $995,000 +16.6%
    Retail stores $925,000 +8.6%
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