Three-Office Commercial
2315 Falls Avenue, Waterloo, IA 50701
For Sale
Contact for pricing
C-1 office space with three private rooms and access to shared hallway restrooms.
Property Size12,500 SF
Price / SF$0.93
Days on Market54
Property Features for 2315 Falls Avenue
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
0.29
12500
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
EPM, Iowa
(319) 560-3543
Listed By:
Leeann Sires
(319) 433-8850
Source:
Pinnaclerealtyia
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 10 at 6:49AM
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 EPM, Iowa
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Investment Insights
Based on property information with market context.
This 675-square-foot office unit at 2315 Falls Avenue includes three private offices within a commercial building constructed in 1972. The layout also offers space that could serve as a waiting room or reception area, depending on the occupant’s needs. Restrooms are located in the hallway and shared by building tenants.
The property is zoned C-1, and utilities are billed at a flat rate. The unit provides a defined office configuration with private rooms and access to common building facilities.
The property is zoned C-1, and utilities are billed at a flat rate. The unit provides a defined office configuration with private rooms and access to common building facilities.
Key Highlights
- 675‑square‑foot office unit
- Three private offices
- Potential waiting room or reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,421
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,420
$88.4K
Cap Rate 7%
$63,157
$63.2K
Cap Rate 9%
$49,122
$49.1K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$7.8K $11.52/SF
− Vacancy
−$1.9K −$2.79/SF
EGI
$5.9K $8.73/SF
− OpEx
−$1.5K −$2.18/SF
NOI
$4.4K $6.55/SF
Area
Black Hawk County, IA
Vacancy
24.20%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,420
Cap Rate 7%
$63,157
Cap Rate 9%
$49,122
Alternative Uses
Best Use
Office B
$63.2K
$55.3K – $73.7K
NOI $4,421 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$169.4K
$148.3K – $197.7K
NOI $11,861 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
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Business Placement
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
$183,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Waterloo, IA
Properties on Market for Office Units in Waterloo
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - C-1 office space with three private rooms and access to shared hallway restrooms.
Where is this office unit located?
The property is located at 2315 Falls Avenue Waterloo, IA.
What are key features of this property?
This property features: 675‑square‑foot office unit; Three private offices; Potential waiting room or reception area
