Second-Level Office Space with
For Sale
Contact for pricing
119 E 4Th Street, Cedar Falls, IA 50613
Second-level office suite in a two-story brick building with dedicated off-street parking.
Property Size12,400 SF
Price / SF$0.00
Days on Market171
Property Features for 119 E 4Th Street
General Information
Standard status
Active
Size
12,400 SF
Property subtype
Commercial
Zoning
C
Lease Type
Net
Taxes and HOA fees
Annual Taxes
$38,038
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:
Blank & McCune Real Estate
(319) 393-0900
Listed By:
Alex Miller
Source:
Pinnaclerealtyia
Added: May 6
Changed: Oct 15
Last Checked: Oct 20 at 5:38PM
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 Blank & McCune Real Estate
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Investment Insights
Based on property information with market context.
Available for occupancy is professional second-level office space within a classic two-story brick building. The offering is positioned for businesses that want a dedicated corporate-style environment, with the suite totaling 6,200 square feet.
The property is located in Cedar Falls with easy proximity to the Main Street corridor, placing it within a short distance of downtown dining and retail amenities. The building also includes dedicated off-street parking, an important convenience for employees and clients in a downtown setting.
With its second-floor configuration and established professional setting, this space can support a range of office uses, from headquarters to major office operations. The listing materials indicate a triple-net (NNN) structure, with estimated NNN costs referenced at $4.75 PSF. For tenants or owner-users evaluating downtown office options that prioritize parking and a traditional brick building presence, this suite offers a practical, straightforward choice.
The property is located in Cedar Falls with easy proximity to the Main Street corridor, placing it within a short distance of downtown dining and retail amenities. The building also includes dedicated off-street parking, an important convenience for employees and clients in a downtown setting.
With its second-floor configuration and established professional setting, this space can support a range of office uses, from headquarters to major office operations. The listing materials indicate a triple-net (NNN) structure, with estimated NNN costs referenced at $4.75 PSF. For tenants or owner-users evaluating downtown office options that prioritize parking and a traditional brick building presence, this suite offers a practical, straightforward choice.
Key Highlights
- Second‑level professional office space in a classic two‑story brick building
- Total building area: 12,400 SF; year built: 1904
- Dedicated off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,605
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,100
$812.1K
Cap Rate 7%
$580,071
$580.1K
Cap Rate 9%
$451,167
$451.2K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$71.4K $11.52/SF
− Vacancy
−$17.3K −$2.79/SF
EGI
$54.1K $8.73/SF
− OpEx
−$13.5K −$2.18/SF
NOI
$40.6K $6.55/SF
Area
Black Hawk County, IA
Vacancy
24.20%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,100
Cap Rate 7%
$580,071
Cap Rate 9%
$451,167
Alternative Uses
Best Use
Office B
$580.1K
$507.6K – $676.8K
NOI $40,605 @ 7.0% cap · market cap 451,166.67%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$7.77M
$6.80M – $9.07M
NOI $544,050 @ 7.0% cap · market cap 6,045,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Second-level office suite in a two-story brick building with dedicated off-street parking.
Where is this office unit located?
The property is located at 119 E 4Th Street Cedar Falls, IA.
What are key features of this property?
This property features: Second‑level professional office space in a classic two‑story brick building; Total building area: 12,400 SF; year built: 1904; Dedicated off‑street parking included
