Insulated Flex Space with
New
For Sale
$259,900
2000 Lincoln Street, Cedar Falls, IA 50613
SINGLE_FAMILY - Cedar Falls, IA
Property Size1,935 SF
Lot Size2.55 Acres
Price / SF$134.32
Days on Market3
Property Features for 2000 Lincoln Street
General Information
Property type
Residential
Property subtype
Office
Zoning
M1
Directions
East on Lincoln St from downtown CF and its on the north side of the road
Standard status
Active
APN
891306476033
Lot size
2.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNPLATTED CEDAR FALLS PART OF SE SE SEC 6 T 89 R 13 DESC AS COM AT PT ON S LINE OF SW COR OF SAID SE SE TH N 89 DEG 10 MIN 47 SEC E 395.87 FT TO POB TH N 232.85 FT TH S 89 DEG 9 MIN 44 SEC W 59.95 FT TH N 415.82 FT TH S 89 DEG 47 MIN 23 SEC E 261.02 FT TH
Tax Annual Amount
4995
Legal Description
UNPLATTED CEDAR FALLS PART OF SE SE SEC 6 T 89 R 13 DESC AS COM AT PT ON S LINE OF SW COR OF SAID SE SE TH N 89 DEG 10 MIN 47 SEC E 395.87 FT TO POB TH N 232.85 FT TH S 89 DEG 9 MIN 44 SEC W 59.95 FT TH N 415.82 FT TH S 89 DEG 47 MIN 23 SEC E 261.02 FT TH
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Heat Pump
Amenities
custom wood bar
finished restrooms
deck
solar energy system
storage sheds
Building Details
Year built
2013
Flooring type
Tile
Building materials
Frame
Roof type
Metal
Listing Agency:
Oakridge Real Estate
(319) 277-5005
Listed By:
Karen Bobst
(319) 230-7551
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 8 at 1:06PM
MLS# 20263660
Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This M1-zoned flex property occupies 2.55 acres and includes a fully insulated raised-frame building with a metal roof. The finished main level contains 1,215 square feet, two restrooms, and a 20-foot custom wood bar, with a 756-square-foot deck adjoining the space. The upper level adds 720 square feet of finished area, a finished three-quarter bath, another finished room, and an 81-square-foot deck. Three storage sheds provide approximately 700 square feet of additional storage. Construction dates to 2013, with frame construction, tile flooring, electric heat, heat pump and central air cooling, and a solar energy system. Water is available, and the property is served by public sewer. The site is located at 2000 Lincoln Street in Cedar Falls, minutes from downtown.
Key Highlights
- 2.55‑acre M1‑zoned commercial property at 2000 Lincoln Street, Cedar Falls, IA 50613
- Fully insulated raised‑frame building with metal roof and 1,215‑square‑foot finished main level
- Upper floor adds 720 square feet of finished flex space
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 - M1-zoned acreage includes finished commercial space, decks, restrooms, solar equipment, and supplemental storage buildings.
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 M1‑zoned commercial property at 2000 Lincoln Street, Cedar Falls, IA 50613; Fully insulated raised‑frame building with metal roof and 1,215‑square‑foot finished main level; Upper floor adds 720 square feet of finished flex space
