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    Matt Miehe, Waterloo, IA

    License ID: B58183000
    Fischels Commercial Group
    Years of Experience
    15

    Service Locations

    Contact details

    Phone:
    (319) 269-6222

    Performance

    Listings
    28
    Total transactions
    76
    Total transactions amount
    $28M
    Price range
    $245k - 552k
    Average price
    $368k

    Listings

    For Sale (16)

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    • $569,950
      13,490 SF

      1657 Falls Ave, Waterloo, IA 50701

      Mixed-use properties • 13,490 SF
      1657 Falls Ave, Waterloo, IA 50701
      View Details
    • $237,500

      Waterloo Land Parcel For Sale

      Land parcel available in Waterloo, Iowa.
      Mirage Rdg, Waterloo, IA 50701
      View Details
    • $149,950

      Waterloo Land for Sale

      Land available in Waterloo, Iowa.
      4 Mirage Rdg, Waterloo, IA 50701
      View Details
    • $776,457

      Commercial Lot in Waterloo Business Park

      2.3-acre commercial lot in a prime business park setting.
      San Marnan Dr, Waterloo, IA 50701
      View Details
    • $995,000

      Prime Land in Cedar Falls

      High visibility land near major retailers and new housing.
      Brandilynn Blvd, Cedar Falls, IA 50613
      View Details
    • $875,000

      Greenhill Crossing Commercial Land

      Commercial land ideal for various business types in Cedar Falls.
      Outlots Y & B Greenhill Xing, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Commercial Lot on Ridgeway Avenue

      Highly visible commercial lot with utilities in place.
      W Ridgeway Ave, Waterloo, IA 50701
      View Details
    • $127,804

      Midway Business Park Land

      Two commercial lots available in Cedar Falls business park.
      9 Midway Business Park Midway Business Park, Cedar Falls, IA 50613
      View Details
    • $92,520

      Commercial Land in Midway Business

      Two lots available in Cedar Falls business park.
      3112 Greenhill Cir, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Waterloo Business Park Commercial Lots

      Commercial lots available in Waterloo Business Park, 1.0-5.86 Acres.
      3 Tower Park Dr, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Waterloo Business Park Commercial Lots

      Commercial lots available in Waterloo Business Park, 1.0-5.86 Acres.
      4 Tower Park Dr, Waterloo, IA 50701
      View Details
    • $650,000
      31,721 SF

      3130 Shaulis Rd, Waterloo, IA 50701

      Commercial real estate • 31,721 SF
      3130 Shaulis Rd, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Waterloo Business Park Commercial Lots

      Commercial lots available in Waterloo Business Park with highway visibility.
      4 Tower Park Dr, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Waterloo Development Opportunity Near Theme Park

      3.88 acres near Lost Island Theme Park and Casino.
      E Shaulis Rd, Waterloo, IA 50701
      View Details
    • $149,950

      Commercial Lot in South Waterloo

      C-2 zoned lot with TIF incentives available.
      6 Mirage Rdg, Waterloo, IA 50701
      View Details
    • $1,250,000
      Pending

      Class A Office Space

      Office space in Cedar Falls Technology Park overlooking Prairie Lake.
      6315 Chancellor Dr, Cedar Falls, IA 50613
      View Details

    For Lease (12)

    View map
    • Contact for pricing

      High Visibility Retail Space Available

      Prime retail location in Cedar Falls' Viking Road area.
      Brandilynn Blvd And Pinnacle Pr Pkwy, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Crossroads Mall Retail Redevelopment Site

      2.5-acre retail site at Crossroads Mall for redevelopment.
      2532 Crossroads Blvd, Waterloo, IA 50702
      View Details
    • Contact for pricing

      Retail Center Suites Available

      Centrally located suites suitable for office or retail tenants.
      4116 University Ave, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Renovated Retail/Office Suites Near Park

      Prime retail/office suites in downtown Waterloo, across from Lincoln Park.
      425 Franklin St, Waterloo, IA 50703
      View Details
    • Contact for pricing

      Retail Space on Corner Lot

      Retail space with sales floor, office, and rooftop signage.
      245 Fletcher Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Corner Building with Warehouse Space

      13,490 SF building with warehouse and parking.
      1657 Falls Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Prime Retail Space on College Hill

      Retail space in high-traffic area near University of Northern Iowa.
      2125 College St, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Light Industrial Storage Condo For Rent

      Newer light industrial storage condo in Cedar Falls, Iowa.
      3035 Capital Way, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Downtown Waterloo Office Space Available

      Second-story office space with downtown views and parking.
      604 Lafayette St, Waterloo, IA 50703
      View Details
    • Contact for pricing

      Renovated Storefront in Waterloo CBD

      Move-in ready retail space with prominent storefront windows.
      700 Jefferson St, Waterloo, IA 50701
      View Details
    • $1,100 /Mo
      12,000 SF

      Downtown Waterloo Renovated Office/Retail Space

      Newly renovated office/retail space in Downtown Waterloo.
      614 Mulberry St, Waterloo, IA 50703
      View Details
    • Contact for pricing

      Office Space in Community Building

      Office suite for 501(c)3 organizations in Waterloo's University Ave corridor.
      2530 University Ave, Waterloo, IA 50701
      View Details

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    Matt Miehe, Waterloo, IA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Matt Miehe, Waterloo, IA
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