Commercially Zoned Acreage with Raised
For Sale
$259,900
2000 Lincoln Street, Cedar Falls, IA 50613
Commercially zoned acreage featuring an insulated, metal-roof raised barn with finished decks and solar installation.
Property Size1,935 SF
Lot Size2.55 Acres
Price / SF$134.32
Days on Market147
Property Features for 2000 Lincoln Street
General Information
Standard status
Active
Size
1,935 SF
Lot size
2.55 Acres
Property subtype
Commercial
Zoning
M1
Taxes and HOA fees
Annual Taxes
$4,995
Amenities
Tile
City Street
2.55
1935
Building Details
Building Size
1,935 SF
Year Built
2013
Stories
2
Construction
raised barn
Listing Agency:
Skogman Realty Co.
(319) 393-0900
Listed By:
Jami Gordon
(319) 540-2744
Source:
Pinnaclerealtyia
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 4 at 2:14AM
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 Skogman Realty Co.
Investment Insights
Based on property information with market context.
This commercially zoned property offers 2.55 acres and features a raised barn with complete insulation and a metal roof. The finished layout includes an open floor plan with a 1,215 sq. ft. main level, a 20’ wooden bar and setup, and two finished restrooms. The main level also includes a 756 sq. ft. deck. A second finished level of 720 sq. ft. provides flexible space that could serve as an office or additional living area, along with a 3/4 finished bathroom and adjoining 81 sq. ft. deck space.
The property is located near downtown Cedar Falls. Additional amenities include a solar installation intended to help offset electrical costs and three small sheds totaling 700 sq. ft. of extra storage space. All equipment is negotiable with the sale of the property.
The property is located near downtown Cedar Falls. Additional amenities include a solar installation intended to help offset electrical costs and three small sheds totaling 700 sq. ft. of extra storage space. All equipment is negotiable with the sale of the property.
Key Highlights
- 2.55‑acre commercially zoned property near downtown Cedar Falls
- Raised barn is completely insulated with a metal roof and an open finished floor plan
- Main level offers 1,215 SF with a 20' wooden bar setup and two finished restrooms
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
$20,569
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
7.91%
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%
$411,380
$411.4K
Cap Rate 7%
$293,843
$293.8K
Cap Rate 9%
$228,544
$228.5K
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
−$6.9K −$3.54/SF
NOI
$20.6K $10.63/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
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%
$411,380
Cap Rate 7%
$293,843
Cap Rate 9%
$228,544
Alternative Uses
Best Use
Specialty Retail
$293.8K
$257.1K – $342.8K
NOI $20,569 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
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
57
Businesses Nearby
241
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Storage Rentals of America
Shops & Services
241 visits/mo
0.2 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned acreage featuring an insulated, metal-roof raised barn with finished decks and solar installation.
Where is this commercial land 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 near downtown Cedar Falls; Raised barn is completely insulated with a metal roof and an open finished floor plan; Main level offers 1,215 SF with a 20' wooden bar setup and two finished restrooms
