Big-Box Retail
For Sale
Contact for pricing
1542 Flammang Drive, Waterloo, IA 50702
Power-center setting with Best Buy, Barnes & Noble, PetSmart, and McGregors Furniture as named anchors.
Property Size20,220 SF
Price / SF$0.00
Days on Market281
Property Features for 1542 Flammang Drive
General Information
Standard status
Active
Size
20,220 SF
Property subtype
Commercial
Zoning
S-1
Lease Type
Net
Taxes and HOA fees
Annual Taxes
$65,551
Amenities
Concrete
1.82
20220
Building Details
Building Size
20,220 SF
Year Built
1995
Listing Agency:
Whitaker Marketing Group
(319) 393-0900
Listed By:
Melissa Redinbaugh
(319) 550-5114
Source:
Pinnaclerealtyia
Added: Jan 8
Changed: Oct 15
Last Checked: Oct 14 at 8:47PM
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 Whitaker Marketing 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 20,220-square-foot retail space is located within a Crossroads area power center in Waterloo. The property was built in 1995 and features concrete interior construction, with S-1 zoning identified for the site.
The center includes Best Buy, Barnes & Noble, PetSmart, and McGregors Furniture as named anchor tenants. The property is situated at 1542 Flammang Drive, Waterloo, Iowa 50702, near the Crossroads Mall redevelopment. The available retail footprint provides a substantial format for commercial occupancy within an established shopping-center environment.
The center includes Best Buy, Barnes & Noble, PetSmart, and McGregors Furniture as named anchor tenants. The property is situated at 1542 Flammang Drive, Waterloo, Iowa 50702, near the Crossroads Mall redevelopment. The available retail footprint provides a substantial format for commercial occupancy within an established shopping-center environment.
Key Highlights
- 20,220 square feet of retail space
- Located in a Crossroads area power center
- Named anchors include Best Buy, Barnes & Noble, PetSmart, and McGregors Furniture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,612
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,012,240
$4.0M
Cap Rate 7%
$2,865,886
$2.9M
Cap Rate 9%
$2,229,022
$2.2M
Market Conditions
NOI Build-Up for 20,220 SF
Gross rent
$313.0K $15.48/SF
− Vacancy
−$26.4K −$1.31/SF
EGI
$286.6K $14.17/SF
− OpEx
−$86.0K −$4.25/SF
NOI
$200.6K $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%
$4,012,240
Cap Rate 7%
$2,865,886
Cap Rate 9%
$2,229,022
Alternative Uses
Best Use
Retail
$2.87M
$2.51M – $3.34M
NOI $200,612 @ 7.0% cap · market cap 2,229,022.22%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$25.35M
$22.18M – $29.57M
NOI $1,774,305 @ 7.0% cap · market cap 19,714,500.00%
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
530
Businesses Nearby
687k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 25%
Dining 23%
Shops & Services 16%
Apparel 12%
Walmart
Superstores
92,036 visits/mo
0.2 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
0.5 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
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Power-center setting with Best Buy, Barnes & Noble, PetSmart, and McGregors Furniture as named anchors.
Where is this retail space located?
The property is located at 1542 Flammang Drive Waterloo, IA.
What are key features of this property?
This property features: 20,220 square feet of retail space; Located in a Crossroads area power center; Named anchors include Best Buy, Barnes & Noble, PetSmart, and McGregors Furniture
