Commercial Kitchen with Cold
New
For Sale
Contact for pricing
304 Clay Street, Cedar Falls, IA 50613
Dedicated refrigeration and freezer equipment supports food-preparation use.
Property Size6,938 SF
Price / SF$4.55
Days on Market2
Property Features for 304 Clay Street
General Information
Standard status
Active
Size
6,938 SF
Property subtype
Commercial
Zoning
CDDTUrbGen
Lease Type
Net
Taxes and HOA fees
Annual Taxes
$16,036
Amenities
0.4
6938
Building Details
Building Size
6,938 SF
Year Built
1867
Listing Agency:
Structure Real Estate
(319) 260-2016
Listed By:
Brian Wingert · License #B60468000
(319) 404-4884
Source:
Pinnaclerealtyia
Added: Oct 30
Last Checked: Oct 30 at 2:45PM
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 Structure Real Estate
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Investment Insights
Based on property information with market context.
A commercial kitchen at 304 Clay Street includes a walk-in cooler and freezer. The property was built in 1867 and is zoned CDDTUrbGen.
Key Highlights
- Walk‑in cooler and freezer included
- Built in 1867
- Zoned CDDTUrbGen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,847
Suggested Prices Based on Cap Rates
Cap Rate 5%
$116,940
$116.9K
Cap Rate 7%
$83,529
$83.5K
Cap Rate 9%
$64,967
$65.0K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$8.5K $15.48/SF
− Vacancy
−$719 −$1.31/SF
EGI
$7.8K $14.17/SF
− OpEx
−$1.9K −$3.54/SF
NOI
$5.8K $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%
$116,940
Cap Rate 7%
$83,529
Cap Rate 9%
$64,967
Alternative Uses
Best Use
Industrial
$458.0K
$400.8K – $534.4K
NOI $32,062 @ 7.0% cap · market cap 1,282.48%
Second Best
Specialty Retail
$83.5K
$73.1K – $97.5K
NOI $5,847 @ 7.0% cap · market cap 233.88%
Theoretical Best
Mixed Use
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 1,930.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 32%
Hotels & Casinos 7%
McDonald's
Dining
19,202 visits/mo
0.4 miles
Casey's General Store
Shops & Services
12,039 visits/mo
0.1 miles
Scooter's Coffee
Dining
7,465 visits/mo
0.3 miles
Hampton Inn & Suites
Hotels & Casinos
3,290 visits/mo
0.3 miles
U.S. Bank
Shops & Services
2,796 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Dedicated refrigeration and freezer equipment supports food-preparation use.
Where is this commercial kitchen located?
The property is located at 304 Clay Street Cedar Falls, IA.
What are key features of this property?
This property features: Walk‑in cooler and freezer included; Built in 1867; Zoned CDDTUrbGen
