6100 Production Dr Cedar Falls, IA 50613-7418
Property profile & analytics
6100 Production Dr Cedar Falls, IA 50613-7418
- Commercial real estate
- 15,096 SF
- 2.70 lot acres
Property ID
US25-0763324
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Prairie Life Storage / Storage Facility
- U-Haul Neighborhood Dealer / Car Rental Facility
- Schuerman Builders / Construction Company / General Contractor
Property Details for 6100 Production Dr
- Year built
- 2020
- Construction
- FRAME
- Lot size
- 2.70 lot acres
- Property size
- 15,096 SF
- Property type
- Commercial real estate
- APN
- 8914-34-226-007
- APU
- 891434226007
Description
This exceptional 21,920-square-foot self-storage facility in Cedar Falls, IA, presents a compelling investment opportunity. Built in 2021, this two-story, single-building property boasts 282 climate-controlled units and sits on a 2.7-acre lot at 6100 Production Dr, 50613. The property features state-of-the-art amenities, including 24/7 monitored security with over 50 cameras, motion, glass break, and door sensors. Tenant convenience is maximized with Doorking access controls and Sitelink management software, complemented by automated payment systems and U-Haul truck rentals generating additional income. A separate office/showroom is currently under a long-term lease. The facility also benefits from a heated drive-in building with a loading area, bright white metal interior finishes, and motion lighting throughout. Expansion potential exists for boat and RV storage, with plans already completed. The property enjoys a five-year partial property tax exemption. Located near major retailers, Highways 20 and 58, new residential developments, and just 2.2 miles from the University of Northern Iowa, this facility benefits from a strong demographic area with an average household income of $100,732 within a five-mile radius and a daytime population of 65,068. The current NOI is $249,537, with a pro-forma NOI of $263,860, resulting in a 7.03% cap rate and a pro-forma cap rate of 7.43%. Occupancy stands at 83.69% as of August 31, 2024. This is a prime opportunity to acquire a high-quality, newly constructed self-storage asset in a thriving market. The asking price is $3,550,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,646,000
Market price range: $689k - $1.96M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,260,000 Current use
- WAREHOUSE, STORAGE
- $1,560,000 Change: +24% Conversion: Difficult
- RESTAURANT
- $1,290,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Falls
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.4777
- Latitude
- 42.4827
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$36,764
$134,000
$1,580,680
$1,714,680
-
$0.00
$0.00
$3,007,970
