Grocery Store
For Sale
$1,300,000
1410 Flammang Dr, Waterloo, IA 50702
Established commercial property positioned beside major national retailers and built in 1998.
Property Size3,510 SF
Days on Market48
Property Features for 1410 Flammang Dr
General Information
Standard status
Active
Size
3,510 SF
Property subtype
Retail
Building Details
Building Size
3,510 SF
Year Built
1998
Listed By:
Dan Dempsey
(515) 306-0794
Source:
Naiglobal
Added: Sep 16
Last Checked: Nov 1 at 4:50AM
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 Dan Dempsey
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Investment Insights
Based on property information with market context.
This grocery and convenience store property was constructed in 1998 and is located at 1410 Flammang Dr in Waterloo, Iowa. The site sits next to Walmart, Dick's Sporting Goods, Hobby Lobby, Best Buy, and additional retail businesses, placing it within an established commercial retail setting.
Key Highlights
- Grocery and convenience store property
- Built in 1998
- Next to Walmart, Dick's Sporting Goods, Hobby Lobby, and Best Buy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,312
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,240
$746.2K
Cap Rate 7%
$533,029
$533.0K
Cap Rate 9%
$414,578
$414.6K
Market Conditions
NOI Build-Up for 3,510 SF
Gross rent
$54.3K $15.48/SF
− Vacancy
−$4.6K −$1.31/SF
EGI
$49.7K $14.17/SF
− OpEx
−$12.4K −$3.54/SF
NOI
$37.3K $10.63/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,240
Cap Rate 7%
$533,029
Cap Rate 9%
$414,578
Alternative Uses
Best Use
Specialty Retail
$533.0K
$466.4K – $621.9K
NOI $37,312 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$497.5K
$435.3K – $580.4K
NOI $34,824 @ 7.0% cap · market cap 2.68%
Theoretical Best
Mixed Use
$4.40M
$3.85M – $5.13M
NOI $308,003 @ 7.0% cap · market cap 23.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
708k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 24%
Dining 23%
Shops & Services 16%
Groceries 11%
Walmart
Superstores
92,036 visits/mo
0.1 miles
Target
Superstores
80,027 visits/mo
0.4 miles
Hy-Vee
Groceries
53,742 visits/mo
0.1 miles
Menards
Home Improvements & Furnishings
48,812 visits/mo
0.3 miles
Chick-fil-A
Dining
46,408 visits/mo
0.1 miles
Demographics for 50702, IA
20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Hy-Vee Grocery Store — 1422 Flammang Dr, Waterloo, IA 50702
- Target Grocery — 1501 E San Marnan Dr, Waterloo, IA 50702
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established commercial property positioned beside major national retailers and built in 1998.
Where is this grocery and convenience store located?
The property is located at 1410 Flammang Dr Waterloo, IA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Grocery and convenience store property; Built in 1998; Next to Walmart, Dick's Sporting Goods, Hobby Lobby, and Best Buy
