Restaurant Space with Drive-Up
For Sale
Contact for pricing
Pending
2040 Kimball Avenue, Waterloo, IA 50701
Restaurant space in a shopping center with a spacious dine-in area, private meeting room, office, and drive-up window.
Property Size2,100 SF
Days on Market106
Property Features for 2040 Kimball Avenue
General Information
Standard status
Pending
Size
2,100 SF
Property subtype
Pending
Zoning
S-1
Lease Type
Net
Taxes and HOA fees
Annual Taxes
$11,486
Amenities
0.46
2100
Building Details
Building Size
2,100 SF
Year Built
2010
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 393-0900
Listed By:
Karrie Schultz · License #B63691000
(319) 540-1281
Source:
Pinnaclerealtyia
Added: Jul 17
Changed: Oct 25
Last Checked: Oct 28 at 6:08AM
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 GLD Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
This restaurant space offers a spacious dine-in area, along with a private meeting room and office. A convenient drive-up window adds practical service access for customers.
The property is located at the intersection of Kimball and Ridgeway in Waterloo, within a shopping center setting. Nearby tenants listed include Family Dollar, Flowerama, Hy-Vee Wine and Spirits, Greenwood Pharmacy, and Damon's Sports Bar.
The space is configured to support restaurant operations with dedicated private and office areas, while the drive-up window provides an additional method for customer service.
The property is located at the intersection of Kimball and Ridgeway in Waterloo, within a shopping center setting. Nearby tenants listed include Family Dollar, Flowerama, Hy-Vee Wine and Spirits, Greenwood Pharmacy, and Damon's Sports Bar.
The space is configured to support restaurant operations with dedicated private and office areas, while the drive-up window provides an additional method for customer service.
Key Highlights
- Restaurant space in a shopping center at the intersection of Kimball and Ridgeway in Waterloo
- Drive‑up window plus spacious dine‑in area
- Includes private meeting room and office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,323
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,460
$446.5K
Cap Rate 7%
$318,900
$318.9K
Cap Rate 9%
$248,033
$248.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$32.5K $15.48/SF
− Vacancy
−$2.7K −$1.31/SF
EGI
$29.8K $14.17/SF
− OpEx
−$7.4K −$3.54/SF
NOI
$22.3K $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 Rate 5%
$446,460
Cap Rate 7%
$318,900
Cap Rate 9%
$248,033
Alternative Uses
Best Use
Specialty Retail
$318.9K
$279.0K – $372.1K
NOI $22,323 @ 7.0% cap · market cap 159,450.00%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$2.63M
$2.30M – $3.07M
NOI $184,275 @ 7.0% cap · market cap 1,316,250.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 33%
Scooter's Coffee
Dining
13,182 visits/mo
0.2 miles
Village Inn
Dining
9,072 visits/mo
0.1 miles
Starbucks
Dining
8,174 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,284 visits/mo
0.1 miles
KFC
Dining
4,905 visits/mo
0.3 miles
Demographics for 50701, IA
29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space in a shopping center with a spacious dine-in area, private meeting room, office, and drive-up window.
Where is this conventional restaurant located?
The property is located at 2040 Kimball Avenue Waterloo, IA.
What are key features of this property?
This property features: Restaurant space in a shopping center at the intersection of Kimball and Ridgeway in Waterloo; Drive‑up window plus spacious dine‑in area; Includes private meeting room and office
