Mixed-Use Office-Retail
For Sale
$1,995,000
115-119 E 4th Street, Cedar Falls, IA 50613
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 Market119
Property Features for 115-119 E 4th Street
General Information
Standard status
Active
Size
12,400 SF
Property subtype
Commercial
Zoning
C
Taxes and HOA fees
Annual Taxes
$45,049
Amenities
Close to Shopping
Corner Lot,City Street
0.2
12400
Building Details
Building Size
12,400 SF
Year Built
1904
Stories
2
Listing Agency:
Skogman Realty Co.
(319) 393-0900
Listed By:
Jerome Edwards
(319) 594-2525
Source:
Pinnaclerealtyia
Added: Jun 26
Changed: Oct 15
Last Checked: Oct 20 at 6:16PM
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 Skogman Realty Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,026
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,520
$2.5M
Cap Rate 7%
$1,757,514
$1.8M
Cap Rate 9%
$1,366,956
$1.4M
Market Conditions
NOI Build-Up for 12,400 SF
Gross rent
$192.0K $15.48/SF
− Vacancy
−$16.2K −$1.31/SF
EGI
$175.8K $14.17/SF
− OpEx
−$52.7K −$4.25/SF
NOI
$123.0K $9.92/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,520
Cap Rate 7%
$1,757,514
Cap Rate 9%
$1,366,956
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - 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 unit 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
