Renovated Retail
New
For Sale
Contact for pricing
2101 Falls Avenue, Waterloo, IA 50701
A flexible interior combines a front office with an open area and updated climate control.
Property Size2,600 SF
Price / SF$0.95
Days on Market2
Property Features for 2101 Falls Avenue
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Zoning
c
Lease Type
Gross
Additional Details
Condition
Turnkey
Taxes and HOA fees
Annual Taxes
$2,479
Amenities
brand new front window
professional front office area
large flexible floor plan
new flooring
fresh paint and texture
LED lighting
fully updated bathroom
convenient side door
huge basement
central AC
efficient boiler system
climate-controlled year-round
large signage opportunity
0.12
2600
Building Details
Building Size
2,600 SF
Year Built
1951
Listing Agency:
Berkshire Hathaway Home Serv
(319) 233-7000
Listed By:
Jared Hottle · License #S68688000
(319) 288-5382
Source:
Pinnaclerealtyia
Added: Oct 30
Last Checked: Oct 30 at 10:23AM
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 Berkshire Hathaway Home Serv
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Investment Insights
Based on property information with market context.
This 840-square-foot retail suite at 2101 Falls Avenue has a front office connected to a flexible open area. Renovations include new flooring, paint and texture, LED lighting, a replacement front window, and an updated bathroom. Central air conditioning and a boiler provide climate control, while a side entrance and basement offer additional functionality and storage.
The property is at the corner of Magnolia Parkway and Falls Avenue in Waterloo. The intersection carries more than 3,000 cars per day, and nearby development includes new housing and active commercial construction. The suite is zoned C.
The property is at the corner of Magnolia Parkway and Falls Avenue in Waterloo. The intersection carries more than 3,000 cars per day, and nearby development includes new housing and active commercial construction. The suite is zoned C.
Key Highlights
- 840‑square‑foot retail suite
- Corner of Magnolia Parkway and Falls Avenue in Waterloo
- More than 3,000 cars per day at the intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,334
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,680
$166.7K
Cap Rate 7%
$119,057
$119.1K
Cap Rate 9%
$92,600
$92.6K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$13.0K $15.48/SF
− Vacancy
−$1.1K −$1.31/SF
EGI
$11.9K $14.17/SF
− OpEx
−$3.6K −$4.25/SF
NOI
$8.3K $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 Rate 5%
$166,680
Cap Rate 7%
$119,057
Cap Rate 9%
$92,600
Alternative Uses
Best Use
Retail
$119.1K
$104.2K – $138.9K
NOI $8,334 @ 7.0% cap · market cap 1,041.75%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.05M
$921.4K – $1.23M
NOI $73,710 @ 7.0% cap · market cap 9,213.75%
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
529
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
Burger King
Dining
9,597 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,237 visits/mo
0.4 miles
SUBWAY
Dining
2,890 visits/mo
0.4 miles
Pizza Hut
Dining
2,308 visits/mo
0.3 miles
Domino's Pizza
Dining
1,641 visits/mo
0.5 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?
Retail space - A flexible interior combines a front office with an open area and updated climate control.
Where is this retail space located?
The property is located at 2101 Falls Avenue Waterloo, IA.
What are key features of this property?
This property features: 840‑square‑foot retail suite; Corner of Magnolia Parkway and Falls Avenue in Waterloo; More than 3,000 cars per day at the intersection
