In-Line Retail
1503 Flammang Drive, Waterloo, IA 50702
For Sale
Contact for pricing
Retail suite in a strip center with customer parking, shopping access, and visibility from a frontage road.
Property Size14,370 SF
Price / SF$0.01
Days on Market55
Property Features for 1503 Flammang Drive
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Additional Details
End Cap
Taxes and HOA fees
Annual Taxes
Amenities
Concrete
Close to Shopping
Inside Lot,City Street,Frontage Road
1.53
14370
Building Details
Building Size
Year Built
Stories
Listing Agency:
Fischels Commercial Group
(319) 234-5000
Listed By:
Christopher Fischels · License IA B44779000
(319) 830-5000
Source:
Pinnaclerealtyia
Added: Sep 16
Changed: Nov 7
Last Checked: Nov 8 at 4:46AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,723-square-foot in-line retail suite is part of a strip center at 1503 Flammang Drive in Waterloo. The space has concrete interior features, S-1 zoning, and a 2006 construction date. Its configuration supports retail or service-oriented use within an established commercial setting.
The property sits on an inside lot with access from a city street and frontage road. Shopping is nearby, and the center includes customer parking and national co-tenancy. The site is surrounded by other retailers and businesses, providing a commercial location for operators seeking a Waterloo storefront.
The property sits on an inside lot with access from a city street and frontage road. Shopping is nearby, and the center includes customer parking and national co-tenancy. The site is surrounded by other retailers and businesses, providing a commercial location for operators seeking a Waterloo storefront.
Key Highlights
- 1,723‑square‑foot in‑line retail space
- Located at 1503 Flammang Drive, Waterloo, IA 50702
- S‑1 zoning and 2006 construction date
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,095
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,900
$341.9K
Cap Rate 7%
$244,214
$244.2K
Cap Rate 9%
$189,944
$189.9K
Market Conditions
NOI Build-Up for 1,723 SF
Gross rent
$26.7K $15.48/SF
− Vacancy
−$2.3K −$1.31/SF
EGI
$24.4K $14.17/SF
− OpEx
−$7.3K −$4.25/SF
NOI
$17.1K $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%
$341,900
Cap Rate 7%
$244,214
Cap Rate 9%
$189,944
Alternative Uses
Best Use
Retail
$244.2K
$213.7K – $284.9K
NOI $17,095 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.5K
$378.5K – $504.6K
NOI $30,276 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - Retail suite in a strip center with customer parking, shopping access, and visibility from a frontage road.
Where is this retail space located?
The property is located at 1503 Flammang Drive Waterloo, IA.
What are key features of this property?
This property features: 1,723‑square‑foot in‑line retail space; Located at 1503 Flammang Drive, Waterloo, IA 50702; S‑1 zoning and 2006 construction date
