Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Flex Space For Rent Title is generated by Realmo AI

    4807 University Avenue 001, Cedar Falls, IA 50613

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,600/Mo $4 SF/Yr (calc)

    4906 SF flex space with potential for office, storage.

    Type:Rental
    Property size:
    13,414 SF
    Lot size:
    1.70 Acres
    Added:
    Feb 16, 2025
    Days on Market:
    459
    Last Refresh:
    May 20 at 2:47 am

    Property Features for 4807 University Avenue 001

    General Information

    Standard status
    Active
    Size
    13,414 SF
    Lot size
    1.70 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Joshua Bey

    Listing agent Joshua Bey License #S453650

    Listing office Oakridge Real Estate

    Listing date Feb 16, 2025

    Source Exitrealty

    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 Oakridge Real Estate

    HighLights

    • Large 4906 Sq. Ft. office/storage/warehouse space.
    • Direct access from rear exterior walk‑out basement and interior front lobby.
    • Ample parking available in front and rear of building (15 stalls in back + 1 handicap).
    • Potential to restore 2 existing overhead doors (one within the suite).
    • Flexible space adaptable to various needs (former dance studio).
    • Multiple bathrooms including 3 private stalls.

    Overview

    This 4906 square foot suite offers potential as office, storage, or warehouse space. Located in the basement of a building, the suite features daylight windows and is accessible from the interior front lobby via stairs, as well as direct access from the rear exterior through a walk-out basement. Parking is available in front of the lower access, including 15 stalls in the back and 1 handicap stall, with additional parking in the front of the building. The suite includes two overhead doors that are currently covered and non-functioning, but could potentially be restored for use. Formerly a dance studio, the space can be modified to suit various needs. It features several bathrooms, including 3 private stalls, and multiple separated spaces. The tenant is responsible for utilities under the terms of the gross lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    QuickHIT Fitness - Waterloo Gym & Fitness Center Judy Schindel, CPA Accounting Firm Hair It Is Hair Salon Upper Iowa University ... Training Center Hertz Car Rental ... Car Rental Facility

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.415034
    Latitude
    42.507274

    Nearby Similar for Lease

    • $3,200/Mo
      2,200 SF

      Downtown Cedar Falls Office Space

      Professional office space in a prime Cedar Falls location.
      604 Clay Street, Cedar Falls, IA 50613
      View Details
    • $2,933/Mo

      Retail Space in Cedar Falls

      Retail space available for lease in Cedar Falls, Iowa.
      924 Viking Road, Cedar Falls, IA 50613
      View Details
    • $2,000/Mo

      Versatile Office Space in Cedar Falls

      Multi-tenant commercial office building in Cedar Falls Industrial Park.
      7009 Nordic Drive, Cedar Falls, IA 50613
      View Details
    • $1,109/Mo

      Move-in Ready Office Space Available

      1,024 SF office suite near Upper Iowa University.
      4807 University Avenue, Cedar Falls, IA 50613
      View Details
    • $550/Mo

      Versatile Commercial Office Building

      Multi-tenant office building in Cedar Falls Industrial Park.
      7009 Nordic Drive, Cedar Falls, IA 50613
      View Details
    • $550/Mo

      Versatile Commercial Office Building

      Multi-tenant commercial office building in Cedar Falls Industrial Park.
      7009 Nordic Drive, Cedar Falls, IA 50613
      View Details
    • $850/Mo

      Cedar Falls Light Industrial Condo

      Light industrial storage condo in Cedar Falls Industrial Park.
      3015 Capital Way, Cedar Falls, IA 50613
      View Details
    • $4,600/Mo

      Cedar Falls Office/Storage Space

      4906 sq ft office or storage/warehouse space for rent.
      4807 University Avenue, Cedar Falls, IA 50613
      View Details
    • $775/Mo

      Chalet Center Office Space

      Move-in-ready office space with private offices and collaborative workspace.
      4807 University Avenue, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      New Retail Space in Cedar Falls

      Modern retail space with drive-thru capability in Cedar Falls.
      1621 W 1st ST, Cedar Falls, IA 50613
      View Details
    • $660/Mo

      Chalet Center Office Space

      Office space for rent in Cedar Falls, Iowa.
      4807 University Avenue, Cedar Falls, IA 50613
      View Details
    • Contact for pricing
      990 SF

      Light Industrial Storage Condo For Rent

      Newer light industrial storage condo in Cedar Falls, Iowa.
      3035 Capital Way, Cedar Falls, IA 50613
      View Details

    FAQs

    What type of property is this?
    Flex space - 4906 SF flex space with potential for office, storage.
    Where is this flex space located?
    The property is located at 4807 University Avenue 001 Cedar Falls, IA.
    What is the lease rate?
    The lease rate is $4,600 /Mo.
    What are key features of this property?
    This property features: Large 4906 Sq. Ft. office/storage/warehouse space.; Direct access from rear exterior walk‑out basement and interior front lobby.; Ample parking available in front and rear of building (15 stalls in back + 1 handicap).
    (319) 464-2607
    We can help!
    Listing Contact
    Joshua Bey
    Real Estate License ID: S453650
    Learn More
    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
    4807 University Avenue 001, Cedar Falls, IA 50613
    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!