Flex Property With Warehouse
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For Sale
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1910 CTR ST, Cedar Falls, IA 50613
Multi-use commercial property combines retail presentation with conditioned shop and warehouse areas.
Property Size4,906 SF
Price / SF$101.90
Days on Market7
Property Features for 1910 CTR ST
General Information
Standard status
Active
Size
4,906 SF
Class
A
Total Parking Spaces
40
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1933
Year Renovated
2020
Stories
2
Units
3
Tenancy
Single
Listing Agency:
Lockard Realty
Listed By:
Mike Taylor
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 8:36PM
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 Lockard Realty
Investment Insights
Based on property information with market context.
Located at 1910 CTR ST in Cedar Falls, Iowa, this flex property contains 4,906 square feet of commercial space. The improvements include a retail-oriented storefront with basement area and heated, cooled warehouse and shop space. A separate building adds further utility through large overhead doors and additional enclosed area.
Concrete parking serves the property, while the varied spaces can accommodate equipment, vehicles, inventory, storage, or workshop operations. The property is zoned C-2 and was built in 1933, providing a combination of retail, service, and industrial-style functionality within one commercial holding.
Concrete parking serves the property, while the varied spaces can accommodate equipment, vehicles, inventory, storage, or workshop operations. The property is zoned C-2 and was built in 1933, providing a combination of retail, service, and industrial-style functionality within one commercial holding.
Key Highlights
- 4,906 SF flex property with retail, basement, warehouse, and shop areas
- Heated and cooled warehouse/shop space
- Additional building equipped with large overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,200
$440.2K
Cap Rate 7%
$314,429
$314.4K
Cap Rate 9%
$244,556
$244.6K
Market Conditions
NOI Build-Up for 4,906 SF
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.
Gross rent
$35.9K $7.32/SF
− Vacancy
−$2.1K −$0.42/SF
EGI
$33.9K $6.90/SF
− OpEx
−$11.9K −$2.42/SF
NOI
$22.0K $4.49/SF
Area
Black Hawk County, IA
Vacancy
5.71%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,200
Cap Rate 7%
$314,429
Cap Rate 9%
$244,556
Alternative Uses
Best Use
Warehouse
$4.96M
$4.34M – $5.79M
NOI $347,273 @ 7.0% cap · market cap 69.47%
Second Best
Industrial
$4.09M
$3.57M – $4.77M
NOI $285,990 @ 7.0% cap · market cap 57.21%
Theoretical Best
Mixed Use
$6.15M
$5.38M – $7.18M
NOI $430,502 @ 7.0% cap · market cap 86.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-use commercial property combines retail presentation with conditioned shop and warehouse areas.
Where is this flex space located?
The property is located at 1910 CTR ST Cedar Falls, IA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 4,906 SF flex property with retail, basement, warehouse, and shop areas; Heated and cooled warehouse/shop space; Additional building equipped with large overhead doors
