End-Cap Retail Space with
1501 Flammang Drive, Waterloo, IA 50702
For Sale
Contact for pricing
S-1-zoned space in a strip center with tile and carpet finishes.
Property Size14,370 SF
Price / SF$0.02
Days on Market53
Property Features for 1501 Flammang Drive
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Site & Location
End Cap
Drive-Thru
Taxes and HOA fees
Annual Taxes
Amenities
Tile,Carpet
Close to Shopping
Inside Lot,City Street,Frontage Road
1.53
14370
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Fischels Commercial Group
(319) 234-5000
Listed By:
Christopher Fischels · License IA B44779000
(319) 830-5000
Source:
Pinnaclerealtyia
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 4:18AM
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 Fischels Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,800-square-foot retail space occupies an end-cap position within a strip center and includes a drive-through. The interior has tile and carpet finishes, and the building was constructed in 2006. Its configuration can support retail, food service, or service-oriented operations as described for the property.
The site is identified as an inside-lot location along a city street and frontage road, with shopping nearby. National co-tenancy is present within the center, adding established commercial context. S-1 zoning applies to the property.
The site is identified as an inside-lot location along a city street and frontage road, with shopping nearby. National co-tenancy is present within the center, adding established commercial context. S-1 zoning applies to the property.
Key Highlights
- 1,800‑square‑foot end‑cap retail space
- Drive‑through included
- Located within a strip center with national co‑tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,859
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,180
$357.2K
Cap Rate 7%
$255,129
$255.1K
Cap Rate 9%
$198,433
$198.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.9K $15.48/SF
− Vacancy
−$2.4K −$1.31/SF
EGI
$25.5K $14.17/SF
− OpEx
−$7.7K −$4.25/SF
NOI
$17.9K $9.92/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,180
Cap Rate 7%
$255,129
Cap Rate 9%
$198,433
Alternative Uses
Best Use
Retail
$255.1K
$223.2K – $297.7K
NOI $17,859 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.8K
$395.4K – $527.2K
NOI $31,629 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
798k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Superstores 22%
Shops & Services 19%
Apparel 10%
Walmart
Superstores
92,036 visits/mo
0.3 miles
Target
Superstores
80,027 visits/mo
0.3 miles
Hy-Vee
Groceries
53,742 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
48,812 visits/mo
0.5 miles
Chick-fil-A
Dining
46,408 visits/mo
0.2 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
$145,800
Median Home Value
Market
Average Price Trend$/SF for Retail space in Waterloo, IA
Properties on Market for Retail space in Waterloo
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - S-1-zoned space in a strip center with tile and carpet finishes.
Where is this retail space located?
The property is located at 1501 Flammang Drive Waterloo, IA.
What are key features of this property?
This property features: 1,800‑square‑foot end‑cap retail space; Drive‑through included; Located within a strip center with national co‑tenancy
