Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land with Garage Title is generated by Realmo AI

    1018 Fairview Avenue, Waterloo, IA 50703

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Waterloo, IA

    Lot size:
    0.45 Acres
    Added:
    Feb 15, 2026
    Days on Market:
    109
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 1018 Fairview Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    891314455022 and 891314455021 and 891314455020
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Description
    BURNSIDE LOT 4 BLK 2 and BURNSIDE LOT 3 BLK 2 and BURNSIDE LOT 2 BLK 2
    Tax Annual Amount
    240

    We can help!

    Listing Contact
    Jeff Weidman

    Listing agent Jeff Weidman

    Listing office Fusion Realtors 309 Court Ave, Ste. 215, Des Moines, IA

    Listing date Feb 15, 2026

    MLS# 734469 Listing URL

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three lots for the price of one.
    • Garage included for storage.
    • Opportunity to build a new home.
    • Property consists of multiple lots.
    • Garage provides on‑site storage solutions.
    • Specific geographic location available.

    Overview

    This property features three lots being sold together, totaling 0.45 acres. A garage is present on the property, which can be utilized for storage during the construction of a new home. The zoning is R-1. The property is located in Waterloo, Iowa, within Blackhawk County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.347254
    Latitude
    42.515577

    Nearby Similar for Sale

    • $748,888
      7,060 SF

      Waterloo Commercial Building on University

      7,060 SF commercial building ideal for auto or flex use.
      3128 University Avenue, Waterloo, IA 50701
      View Details
    • $249,900
      2,560 SF

      New Waterloo Warehouse Near Highway

      New 40' x 64' steel warehouse near Hwy 218 corridor.
      320 W 14th Street, Waterloo, IA 50702
      View Details
    • $900
      840 SF

      Renovated Corner Retail/Office Space

      Turnkey 840 SF suite in high-traffic Waterloo location.
      2101 Falls Avenue, Waterloo, IA 50701
      View Details
    • $999,000

      Fully Leased Multi-Tenant Investment Property

      Stabilized asset with national and local tenancy in Waterloo, Iowa.
      106 Brookeridge Drive, Waterloo, IA 50702
      View Details
    • $600
      850 SF

      Affordable Contractor Bay in Waterloo

      850 SF heated/cooled space, ideal for small business.
      1825 Black Hawk Street, Waterloo, IA 50702
      View Details
    • $125,000
      1,327 SF

      Corner Commercial Property in Waterloo

      Commercial property with income, flexibility, and high traffic exposure.
      435 W Parker Street, Waterloo, IA 50703
      View Details
    • $1,800,000
      9,600 SF

      Waterloo Industrial Property For Sale

      Turnkey truck service facility in Waterloo's Northeast Industrial Park.
      2317 Northeast Drive, Waterloo, IA 50703
      View Details
    • $189,900
      4,475 SF

      Downtown Waterloo Commercial Building

      4,475 sq ft commercial building in downtown Waterloo, Iowa.
      106 E 9 Street, Waterloo, IA 50703
      View Details
    • $600

      Waterloo Office Suites For Sale

      Individual office suites in West Waterloo location for sale.
      3151 BROCKWAY Road, Waterloo, IA 50701
      View Details
    • $4,500

      West Waterloo Office Suites

      Individual office suites in desirable West Waterloo location.
      3151 BROCKWAY Road, Waterloo, IA 50701
      View Details
    • $279,900

      Waterloo Commercial Property For Sale

      Commercial property with high visibility and easy highway access.
      2021 Commercial Street, Waterloo, IA 50702
      View Details
    • $549,900

      One-Level Triplex with Detached Garages

      Well-kept triplex in Waterloo with separately metered units, in-unit laundry, and detached garage spaces for each home.
      5309-5311 Blue Bonnet Drive, Waterloo, IA 50702
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three lots with garage for storage while building.
    Where is this residential land & home lot located?
    The property is located at 1018 Fairview Avenue Waterloo, IA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Three lots for the price of one.; Garage included for storage.; Opportunity to build a new home.
    (515) 650-3848
    We can help!
    Listing Contact
    Jeff Weidman
    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

    Thank You for Inquiry
    1018 Fairview Avenue, Waterloo, IA 50703
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!