Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    509 Ansborough Ave, Unit B Waterloo, IA 50701

    Sponsored
    For Sale
    Contact for pricing

    SINGLE_FAMILY - Waterloo, IA

    Type:Office
    Lot size:
    0.32 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 27 at 8:06 am

    Property Features for 509 Ansborough Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    C
    APN
    891322301017
    Lot size
    0.32 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Danielle Morris

    Berkshire Hathaway HomeServices One Realty Centre (319) 233-7000

    Listing agent Danielle Morris (319) 277-1077

    Listing date Jan 27, 2026

    MLS# 20260334

    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.

    Learn more

    Property Insight Report

    Overview

    Professional Office Space For Sale

    This professional office space is available for sale in a prime location directly off Hwy 218. Situated on a high-traffic main road, the property offers excellent visibility. It includes off-street parking and available exterior signage for added exposure. The unit features an open reception/waiting area, several private offices, and a private bathroom. A 220-amp electrical hookup is available, making it suitable for a variety of business uses. Tenants are welcome to modify or customize the space with owner approval. The property's convenient access and functional layout create a great opportunity for retail or office space, perfect for any small business seeking a practical and professional setting. The lot size is 0.32 acres in Waterloo, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hagarty Monument Monument Maker Potter Construction Equipment ... Equipment Rental Agency 717 Hot Sauce ... Food Producer Done By Lauren Eyelash Salon Head to Toe Massage Massage Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.376544
    Latitude
    42.505414

    Nearby Similar for Sale

    • $2,800,000
      Pending

      Waterloo Truck Service Facility

      18,000 SF truck service facility in Waterloo, Iowa.
      2459 Gt Dr, Waterloo, IA 50703
      View Details
    • $648,900
      4.43 Acres

      Versatile Commercial Property Near Highway

      31,721 SF commercial property with warehouse and office space.
      3130 W Shaulis Rd, Waterloo, IA 50701
      View Details
    • $749,900
      Pending

      Waterloo Multifamily Property with Storefronts

      27-unit multifamily property with 3 storefronts in Waterloo, Iowa.
      213-223 E 5Th St, Waterloo, IA 50703
      View Details
    • $4,395,000
      30,080 SF

      Self-Storage Complex on 5.19 Acres

      High-traffic self-storage complex with indoor and outdoor storage.
      3556 Marnie Ave, Waterloo, IA 50701
      View Details
    • $199,900
      0.55 Acres

      Waterloo, Iowa Specialty Property

      Specialty property available for sale in Waterloo, Iowa.
      504 Riehl St, Waterloo, IA 50703
      View Details
    • $1,100,000
      3.05 Acres

      Waterloo Industrial Property on Wagner

      Versatile industrial property with warehouse, shop, and office space.
      3050 Wagner Rd, Waterloo, IA 50703
      View Details
    • New
      $510,900
      1.12 Acres

      Waterloo Storage Units For Sale

      Newer construction storage units, perfect for business or personal use.
      1005 Maynard Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing
      51,900 SF

      Waterloo Industrial/Office Property For Sale

      51,900 SF industrial/office property on 6.08 acres in Waterloo, IA.
      3530 Marnie Ave, Waterloo, IA 50701
      View Details
    • $899,900
      Pending

      Eveland Plaza Commercial Property

      Five-unit commercial property with income potential in Waterloo, Iowa.
      910-930 W 5Th St, Waterloo, IA 50702
      View Details
    • Contact for pricing
      51,900 SF

      Waterloo Warehouse Suite For Sale

      22,800 SF warehouse suite with loading docks and sprinkler system.
      3530 Marnie Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing
      4.43 Acres

      Waterloo Warehouse on 4.5 Acres

      Highly visible warehouse space with expansion potential near Highway 63.
      3130 W Shaulis - Warehouse Lease, Waterloo, IA 50701
      View Details
    • Contact for pricing
      0.17 Acres

      Downtown Office or Retail Space

      Remodeled office/retail space in prime downtown location.
      415 E 5Th St, Waterloo, IA 50703
      View Details

    FAQs

    What type of property is this?
    Office space - Prime location with high visibility, ideal for retail or office.
    Where is this office space located?
    The property is located at 509 Ansborough Ave, Unit B Waterloo, IA.
    What is the asking price?
    The asking price for this property is $1,000.
    What are key features of this property?
    This property features: - Prime location directly off Hwy 218 on a high-traffic main road.; - Excellent visibility with available exterior signage.; - Open reception/waiting area and several private offices.
    (319) 277-1077
    Request Owner's contact information
    509 Ansborough Ave, Unit B Waterloo, IA 50701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    509 Ansborough Ave, Unit B
    Waterloo, IA 50701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    509 Ansborough Ave, Unit B Waterloo, IA 50701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Danielle Morris
    (319) 277-1077
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.