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    Modern Service Building For Sale

    306 W 11th Street Waterloo, IA 50702

    Claim this Listing
    For Sale
    $420,000

    Service building with four bays, office, and waiting area.

    Type:Commercial/Industrial
    Property size:
    2,380 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $176/SF
    Added:
    Nov 12, 2024
    Days on Market:
    606
    Last Refresh:
    May 20 at 1:10 am

    Property Features for 306 W 11th Street

    General Information

    Standard status
    Active
    Size
    2,380 SF
    Lot size
    0.36 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2010

    Listing office AWRE - Commercial & Development

    Listing date Nov 12, 2024

    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 AWRE - Commercial & Development

    Investment Insights

    Based on property information with market context.

    This modern service building is located one block from Hwy 218. The facility includes four bays, an office space, and a waiting area. It is equipped with two lifts and an air compressor. Ample parking is available. The property size is 2380 square feet.

    Key Highlights

    • Conveniently located one block off Hwy 218
    • Features four spacious bays for maximum efficiency
    • Includes comfortable office space and waiting area

    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 $36.8k $15.48
    − Vacancy −$3.1k −$1.31
    EGI $33.7k $14.17
    − OpEx −$10.1k −$4.25
    NOI $23.6k $9.92
    2,380 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $1.98M
    $1.73M – $2.31M (±1% cap)
    NOI $138,739 @ 7.0% cap · market cap 33.03%
    Second Best
    Retail
    $337.3K
    $295.2K – $393.6K (±1% cap)
    NOI $23,613 @ 7.0% cap · market cap 5.62%
    Theoretical Best
    Mixed Use
    $2.98M
    $2.61M – $3.48M (±1% cap)
    NOI $208,845 @ 7.0% cap · market cap 49.73%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Cedar Valley Auto ... Car Wash Integra Repair Auto Repair Shop

    Suggested Use

    Pharmacy Real Estate Agency Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Locksmith Catering Service (Bike/Boat/Book/etc) Store Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

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    Similar Off Market Nearby

    • Mannions Auto Repair — 1112 Baltimore St, Waterloo, IA 50702
    • B — 2125 Commercial St, Waterloo, IA 50702
    • 2Step Auto Care — 823 Bertch Ave, Waterloo, IA 50702
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    FAQs

    What type of property is this?
    Auto shop - Service building with four bays, office, and waiting area.
    Where is this auto shop located?
    The property is located at 306 W 11th Street Waterloo, IA.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Conveniently located one block off Hwy 218; Features **four spacious bays for maximum efficiency**; Includes comfortable office space and waiting area
    Contact an agent
    (319) 480-4213
    We can help!
    Contact an agent
    Blake Keating
    Blake Keating
    Real Estate License ID: S7149200
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