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    3050 Wagner Road Waterloo, IA 50703

    View on Map
    For Sale
    $1,100,000

    COMMERCIAL - Waterloo, IA

    Type:Office
    Lot size:
    3.05 Acres
    Added:
    Nov 18, 2025
    Days on Market:
    134
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 3050 Wagner Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    M2
    Standard status
    Active
    APN
    891303351014
    Lot size
    3.05 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    See abstract
    TaxAnnualAmount
    15018

    Utilities

    Utilities
    Water Available
    Heating system
    Forced Air

    Building Details

    Year built
    1962
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Membrane

    We can help!

    Listing Contact
    Jared Hottle
    Jared Hottle

    Listing agent Jared Hottle License #S68688000

    Listing office Berkshire Hathaway Home Services One Realty Centre 1118 Ansborough Ave, Waterloo, IA

    Listing date Nov 18, 2025

    MLS# 20255643

    Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterloo Industrial Property on Wagner

    Located in Waterloo's industrial corridor, the property at 3050 Wagner Road offers over 23,000 square feet of warehouse, shop, and office space across two buildings on 3.05 acres. The property is suitable for manufacturing, fabrication, logistics, or an owner-user. The main building features 19,865 square feet of sprinkled warehouse and office space with updates. A second, stand-alone 3,200 square foot warehouse provides additional storage, shop, or tenant-occupancy potential. Infrastructure includes 3-phase power, an air loop system, multiple overhead doors, and newer HVAC systems. Situated on a corner along Wagner Road and Airline Highway, the site offers dual access points, signage opportunities, and truck-friendly circulation close to Hwy 218, Hwy 63, rail, and the airport. Fiber and coax connectivity are available. The property will be delivered vacant at closing, making it immediately ready for occupancy or reconfiguration. The zoning is M2. The property is located in Black Hawk County, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jerald Sulky Co Big Box & Wholesale Store The Scoop Feed & Supply (Bike/Boat/Book/etc) Store Amazon Counter - The Scoop ... Postal Service

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Food Market Storage Facility Bar & Pub Garden Center Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Castle Storage — 2171 Diagonal St, Waterloo, IA 50703
    • Waterloo Warehousing & Service Co — 1519 W Airline Hwy, Waterloo, IA 50703
    • East Central Iowa Co-Op — 1750 Broadway St, Waterloo, IA 50703

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.37627
    Latitude
    42.542461

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    FAQs

    What type of property is this?
    Warehouse - Versatile industrial property with warehouse, shop, and office space.
    Where is this warehouse located?
    The property is located at 3050 Wagner Road Waterloo, IA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Over 23,000 SF of flexible warehouse, shop, and office space across two buildings on 3.05 acres.; Located in the heart of Waterloo's established industrial corridor with high visibility and dual access points.; Strong infrastructure including 3‑phase power, air loop system, multiple overhead doors, and newer HVAC systems.
    (319) 288-5382
    We can help!
    Listing Contact
    Jared Hottle
    Jared Hottle
    Real Estate License ID: S68688000
    Learn More
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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.

    More about this property
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