Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    56 Acres HWY 218 Waterloo, IA 50702

    View on Map
    Claim this Listing
    For Sale
    $1,456,000

    LAND - Waterloo, IA

    Lot size:
    56.30 Acres
    Added:
    May 10, 2025
    Days on Market:
    336
    Last Refresh:
    Apr 10 at 4:06 am

    Property Features for 56 Acres HWY 218

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-3
    Standard status
    Active
    APN
    881218126039
    Lot size
    56.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2174

    We can help!

    Listing Contact
    Andrew Schoof
    Andrew Schoof

    Listing agent Andrew Schoof License #B61908000

    Listing office Structure Real Estate 201 Washington Street, Cedar Falls, IA

    Listing date May 10, 2025

    MLS# 20252095 Listing URL

    Copyright © 2025 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 Land Development Opportunity

    This is a 56.28-acre undeveloped land parcel located off Highway 218 in Waterloo, Iowa. The property consists of four parcels to be sold together. A concept plan is available for 91 residential lots. Utility access is available off E Shaulis Rd. The site offers access, visibility, and proximity to local amenities. The development may qualify for 50% tax rebates over 10 years to assist with infrastructure costs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.2904346
    Latitude
    42.440078

    Nearby Similar for Sale

    • $748,888

      Waterloo Commercial Building on University

      7,060 SF commercial building ideal for auto or flex use.
      3128 University Avenue, Waterloo, IA 50701
      View Details
    • $125,000

      Corner Commercial Property in Waterloo

      Commercial property with income, flexibility, and high traffic exposure.
      435 W Parker Street, Waterloo, IA 50703
      View Details
    • $125,000

      Functional Commercial Space in Waterloo

      Affordable, versatile commercial space with accessibility and value.
      440 W Parker Street, Waterloo, IA 50703
      View Details
    • $130,000

      Waterloo Investment Opportunity For Sale

      Investment opportunity in Waterloo with high traffic exposure.
      1927 Jefferson Street, Waterloo, IA 50702
      View Details
    • $1,100,000

      Waterloo Industrial Property on Wagner

      Versatile industrial property with warehouse, shop, and office space.
      3050 Wagner Road, Waterloo, IA 50703
      View Details
    • $310,000
      2,037 SF

      Waterloo Acreage with Farmhouse and Barn

      3-acre Waterloo property with farmhouse, barn, and outbuildings.
      441 E Airline Highway, Waterloo, IA 50703
      View Details
    • $220,000

      Corner Commercial Building in Waterloo

      High-traffic corner commercial building with recent updates and investment potential.
      2101-2103 Falls Avenue, Waterloo, IA 50701
      View Details
    • $1,000

      Renovated Corner Suite in Waterloo

      Renovated 840 SF corner suite in high-traffic Waterloo location.
      2101 Falls Ave, Waterloo, IA 50701
      View Details
    • $189,900

      Downtown Waterloo Commercial Building

      4,475 sq ft commercial building in downtown Waterloo, Iowa.
      106 E 9 Street, Waterloo, IA 50703
      View Details
    • $249,900

      New Steel Warehouse Near Highway

      New Waterloo warehouse with flexible space and highway access.
      320 W 14th Street, Waterloo, IA 50702
      View Details
    • $199,000

      Waterloo Commercial Land Opportunity

      2.14 acre commercial property in Waterloo, Iowa for sale.
      2265 Independence Avenue, Waterloo, IA 50707
      View Details
    • $50,000

      Waterloo Commercial Land with Shop

      One acre commercial land with heated shop in Waterloo.
      821 Dearborn Avenue, Waterloo, IA 50703
      View Details

    FAQs

    What type of property is this?
    Land - 56.28 acres of undeveloped land near Highway 218.
    Where is this land located?
    The property is located at 56 Acres HWY 218 Waterloo, IA.
    What is the asking price?
    The asking price for this property is $1,456,000.
    What are key features of this property?
    This property features: 56.28 acres of undeveloped land, ideal for a large‑scale residential development.; Concept plan already in place for 91 residential lots, streamlining the development process.; Potential for 50% tax rebates over 10 years to offset infrastructure costs.
    (319) 239-7805
    We can help!
    Listing Contact
    Andrew Schoof
    Andrew Schoof
    Real Estate License ID: B61908000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!