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    2830 University Ave Waterloo, IA 50701

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    For Lease
    $5 SF/Yr ($17,564 /Mo)

    17,422 SF retail space with high visibility and traffic.

    Property size:
    42,154 SF
    Lot size:
    42,154 SF

    Property Features for 2830 University Ave

    General Information

    Size
    42,154 SF

    Source: Jeremy Tipton, CCIM Agent Jeremy Tipton, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Hancock Fabrics Retail Store

    This 17,422 square foot retail space, formerly a Hancock Fabrics store, offers a location on University Avenue at the intersection of Falls Avenue. Constructed in 1960, the property features a wet sprinkler system and a pole sign. The site benefits from good visibility and traffic counts.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.382509
    Latitude
    42.498623

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    FAQs

    What type of property is this?
    Retail space - 17,422 SF retail space with high visibility and traffic.
    Where is this retail space located?
    The property is located at 2830 University Ave Waterloo, IA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - 17,422 SF former retail store offers significant space.; - Located on University Avenue at the intersection of Falls Avenue, providing high visibility.; - Good traffic counts suggest high exposure to potential customers.
    (319) 551-2079
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    Waterloo, IA 50701
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    Realmo Value Estimation

    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.

    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.

    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
    2830 University Ave Waterloo, IA 50701
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