Mixed-Use Office-Retail
115-119 E 4th Street Cedar Falls, IA 50613
115-119 E 4th Street, Cedar Falls, IA, 50613
$1,995,000
For Sale
$1,995,000
Partially leased mixed-use building with off-street parking and a 3,100 sq. ft. office/retail space available for occupancy.
Property Size12,400 SF
Price / SF$160.89
Days on Market28
Property Features for 115-119 E 4th Street
General Information
- Standard status
- Active
- Size
- 12,400 SF
- Property subtype
- Office
Building Details
- Year Built
- 1904
Listing agency
Fischels Commercial Group
(319) 830-5000
Listed by
Chris Fischels · License #B44779000
(319) 830-5000
Source
Xome
Added: Jun 25 Updated: Jul 22 at 4:14AM Checked: Jul 22 at 4:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fischels Commercial Group
Investment Insights
Based on property information with market context.
This mixed-use office and retail building is arranged as three units, with two of the three currently leased. One office/retail space is available, totaling 3,100 sq. ft., providing flexibility for an owner-user or an additional-tenant scenario. The property includes off-street parking.
The building is located in Downtown Cedar Falls, just one block from Main St., which supports convenient access for office and retail operations.
Financial information is available upon request.
The building is located in Downtown Cedar Falls, just one block from Main St., which supports convenient access for office and retail operations.
Financial information is available upon request.
Key Highlights
- Partially leased mixed‑use building with 2 of 3 units currently leased
- 3100 sq. ft. office/retail space available for occupancy
- Off‑street parking included
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.0k | $15.48 |
| − Vacancy | −$16.2k | −$1.31 |
| EGI | $175.8k | $14.17 |
| − OpEx | −$52.7k | −$4.25 |
| NOI | $123.0k | $9.92 |
12,400 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,026 @ 7.0% cap · market cap 6.17%
Second Best
Office B
$1.16M
$1.02M – $1.35M
NOI $81,209 @ 7.0% cap · market cap 4.07%
Theoretical Best
Mixed Use
$15.54M
$13.60M – $18.14M
NOI $1,088,100 @ 7.0% cap · market cap 54.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Partially leased mixed-use building with off-street parking and a 3,100 sq. ft. office/retail space available for occupancy.
Where is this office units located?
The property is located at 115-119 E 4th Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Partially leased mixed‑use building with 2 of 3 units currently leased; 3100 sq. ft. office/retail space available for occupancy; Off‑street parking included
