Retail Store
1850 Logan Ave Waterloo, IA 50703
1850 Logan Ave, Waterloo, IA, 50703
Contact for pricing
For Sale
Contact for pricing
For sale retail building offering a single commercial space.
Property Size14,737 SF
Price / SF$230.11
Days on Market139
Property Features for 1850 Logan Ave
General Information
- Standard status
- Active
- Size
- 14,737 SF
- Property subtype
- Retail
Listing agency
Bang Realty
(888) 737-2264
Listed by
Brian Brockman · License #177814
Source
Crexi
Added: Mar 4 Updated: Jul 20 at 6:33PM Checked: Jul 21 at 5:01AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This for-sale retail store building is marketed as a total of 14,737 square feet of retail space. The listing is categorized under retail properties and retail space, with the property type also referenced as a drug store.
The property is located at 1850 Logan Ave in Waterloo, Iowa (50703).
The property is located at 1850 Logan Ave in Waterloo, Iowa (50703).
Key Highlights
- Retail building for sale
- Single commercial space totaling 14,737 SF
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.1k | $15.48 |
| − Vacancy | −$19.3k | −$1.31 |
| EGI | $208.9k | $14.17 |
| − OpEx | −$52.2k | −$3.54 |
| NOI | $156.7k | $10.63 |
14,737 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,656 @ 7.0% cap · market cap 4.62%
Second Best
Retail
$2.09M
$1.83M – $2.44M
NOI $146,212 @ 7.0% cap · market cap 4.31%
Theoretical Best
Mixed Use
$18.47M
$16.16M – $21.55M
NOI $1,293,172 @ 7.0% cap · market cap 38.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
COVID-19 Drive-Thru Testing ...
Pharmacy
LibertyX Bitcoin ATM
Atm
FedEx OnSite
Postal Service
Walgreens
Cosmetic Store
Similar For Sale Nearby
Similar Off Market Nearby
- Infusion Services — 1825 Logan Ave, Waterloo, IA 50703
- Amy J. Bucknell, PharmD — Waterloo, IA 50703, United States
- Allen Clinic Pharmacy — 146 W Dale St, Waterloo, IA 50703
- Maria L. Schult, RPh — Waterloo, IA 50703
- Laura Peloquin — Allen Hospital Anticoagulation Clinic, 1825 Logan Ave RM 551, Waterloo, IA 507031916
FAQs
What type of property is this?
Drug store - For sale retail building offering a single commercial space.
Where is this drug store located?
The property is located at 1850 Logan Ave Waterloo, IA.
What is the asking price?
The asking price for this property is $3,391,091.
What are key features of this property?
This property features: Retail building for sale; Single commercial space totaling 14,737 SF
