Insulated Flex Space with
For Sale
$259,900
2000 Lincoln Street, Cedar Falls, IA 50613
Commercially zoned acreage includes finished space, a solar energy system, and substantial storage improvements.
Property Size1,935 SF
Lot Size2.55 Acres
Price / SF$134.32
Days on Market9
Property Features for 2000 Lincoln Street
General Information
Standard status
Active
Size
1,935 SF
Lot size
2.55 Acres
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,995
Amenities
Central Air, Heat Pump
3
Building Details
Year Built
2013
Buildings
4
Listing Agency:
(319) 230-7551
Listed By:
Oakridge Real Estate
(319) 230-7551
Source:
Xome
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 5:03AM
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 Oakridge Real Estate
Investment Insights
Based on property information with market context.
This 2.55-acre commercially zoned property includes a fully insulated raised barn with a metal roof and finished flex space across two levels. The 1,215-square-foot main floor features an open layout, a 20-foot custom wood bar, two finished restrooms, and a 756-square-foot deck. The upper level adds 720 square feet of finished area, a finished ¾ bath, another finished room, and an 81-square-foot deck, supporting office, meeting, studio, retail, or storage functions as described by the configuration.
Additional improvements include a solar energy system and three storage sheds providing approximately 700 square feet of space. Built in 2013, the property has central air and a heat pump. The site is located at 2000 Lincoln Street in Cedar Falls, Iowa, just minutes from downtown Cedar Falls.
Additional improvements include a solar energy system and three storage sheds providing approximately 700 square feet of space. Built in 2013, the property has central air and a heat pump. The site is located at 2000 Lincoln Street in Cedar Falls, Iowa, just minutes from downtown Cedar Falls.
Key Highlights
- 2.55‑acre commercially zoned property with a fully insulated raised barn
- 1,215‑square‑foot main level with a 20‑foot custom wood bar and two finished restrooms
- 720 square feet of finished upper‑level flex space with a finished ¾ bath
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
$19,198
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
7.39%
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%
$383,960
$384.0K
Cap Rate 7%
$274,257
$274.3K
Cap Rate 9%
$213,311
$213.3K
Market Conditions
NOI Build-Up for 1,935 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
$30.0K $15.48/SF
− Vacancy
−$2.5K −$1.31/SF
EGI
$27.4K $14.17/SF
− OpEx
−$8.2K −$4.25/SF
NOI
$19.2K $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 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%
$383,960
Cap Rate 7%
$274,257
Cap Rate 9%
$213,311
Alternative Uses
Best Use
Industrial
$1.61M
$1.41M – $1.88M
NOI $112,799 @ 7.0% cap · market cap 43.40%
Second Best
Retail
$274.3K
$240.0K – $320.0K
NOI $19,198 @ 7.0% cap · market cap 7.39%
Theoretical Best
Mixed Use
$2.43M
$2.12M – $2.83M
NOI $169,796 @ 7.0% cap · market cap 65.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Well-served
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned acreage includes finished space, a solar energy system, and substantial storage improvements.
Where is this flex space located?
The property is located at 2000 Lincoln Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2.55‑acre commercially zoned property with a fully insulated raised barn; 1,215‑square‑foot main level with a 20‑foot custom wood bar and two finished restrooms; 720 square feet of finished upper‑level flex space with a finished ¾ bath
