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Office Suite with Meeting Room
For Lease
$8 SF/Yr

2530 University Avenue Unit 3, Waterloo, IA 50701

Available to qualifying 501(c)(3) organizations, with shared board and training rooms in the building.

Space SizeContact for details
Property Size25,439 SF
Days on Market984

Property Features for 2530 University Avenue Unit 3

General Information

Standard status Active
Size 25,439 SF
Property subtype Office
Lease Type Full Service

Space & Availability

Space Use Office
Meeting Rooms 1

Lease Terms

Lease Rate $8 /SF/YR
Rent per SF/Year $8

Amenities

shared board room
training rooms
secure storage
daily janitorial
on-site property manager

Building Details

Building Size 25,439 SF
Year Built 1959
Listing Agency: Miehe Commercial Real Estate
Listed By: Matt Miehe, CCIM · License #B58183000
Source: Karensteffeshomes
Added: Feb 16, 2024 Changed: Oct 26 Last Checked: Oct 26 at 3:16PM

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 Miehe Commercial Real Estate

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Investment Insights

Based on property information with market context.

This office suite at 2530 University Avenue includes private offices, a meeting room, reception area, and restroom. The 25,439-square-foot building also offers shared board and training rooms, secure storage, daily janitorial service, and an on-site property manager. The lease is full-service; the tenant is responsible for janitorial service within the suite, internet, and phone. Occupancy is limited to qualifying 501(c)(3) organizations.

The property is in Waterloo’s University Avenue corridor, next to New Maple Lanes.

Key Highlights

  • Suite includes private offices, a meeting room, reception area, and restroom
  • Occupancy is limited to qualifying 501(c)(3) organizations
  • Shared board room, training rooms, and secure storage are available in the building

Property Analytics

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Current Use

Alzheimer's Association Charitable Organization Waterloo Red Cross ... Charitable Organization Junior League of Waterloo-Cedar ... Charitable Organization Community Services Building Charitable Organization

Suggested Use

Top Pick Law Firm Dental Office (Bike/Boat/Book/etc) Store Pharmacy Cafe & Coffee Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby

Demographics for 50701, IA

29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Waterloo, IA

$12.83 /SF/Yr
Avg Asking Price
$5.28–$20 /SF/Yr
Price Range
12,878 SF
Avg Space Size

This space is priced 38% below the average of $12.83 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Available to qualifying 501(c)(3) organizations, with shared board and training rooms in the building.
Where is this office unit located?
The property is located at 2530 University Avenue Unit 3 Waterloo, IA.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Suite includes private offices, a meeting room, reception area, and restroom; Occupancy is limited to qualifying 501(c)(3) organizations; Shared board room, training rooms, and secure storage are available in the building
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