Office Unit with On-Site
For Sale
Contact for pricing
3336 Kimball Avenue, Waterloo, IA 50702
Compact office suite with tiled flooring, shared restrooms, and on-site parking near Kimball Avenue.
Property Size6,720 SF
Price / SF$1.25
Days on Market49
Property Features for 3336 Kimball Avenue
General Information
Standard status
Active
Size
6,720 SF
Property subtype
Commercial
Zoning
R-4
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$12,139
Amenities
on-site parking lot
City Street,Frontage Road
0.41
6720
Building Details
Building Size
6,720 SF
Year Built
1975
Stories
2
Listing Agency:
Urban Acres Real Estate
(319) 393-0900
Listed By:
Kyle Steele
(319) 981-2378
Source:
Pinnaclerealtyia
Added: Sep 2
Changed: Oct 19
Last Checked: Oct 19 at 4:20AM
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 Urban Acres Real Estate
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Investment Insights
Based on property information with market context.
This approximately 396-square-foot office unit is located in a building completed in 1975. Tile flooring provides a durable interior finish, while restrooms are available on both floors of the property. An on-site parking lot supports convenient access for occupants and visitors.
The building sits along Kimball Avenue with frontage-road and city-street characteristics. The property is identified with R-4 zoning, and its Waterloo location provides a practical setting for an office user or professional operation. The unit is offered as part of a multi-floor office property with shared building amenities.
The building sits along Kimball Avenue with frontage-road and city-street characteristics. The property is identified with R-4 zoning, and its Waterloo location provides a practical setting for an office user or professional operation. The unit is offered as part of a multi-floor office property with shared building amenities.
Key Highlights
- Approximately 396 SF office unit
- Tile interior flooring
- Restrooms located on both floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,668
Suggested Prices Based on Cap Rates
Cap Rate 5%
$73,360
$73.4K
Cap Rate 7%
$52,400
$52.4K
Cap Rate 9%
$40,756
$40.8K
Market Conditions
NOI Build-Up for 560 SF
Gross rent
$6.5K $11.52/SF
− Vacancy
−$1.6K −$2.79/SF
EGI
$4.9K $8.73/SF
− OpEx
−$1.2K −$2.18/SF
NOI
$3.7K $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%
$73,360
Cap Rate 7%
$52,400
Cap Rate 9%
$40,756
Alternative Uses
Best Use
Office B
$52.4K
$45.9K – $61.1K
NOI $3,668 @ 7.0% cap · market cap 524.00%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$702.0K
$614.3K – $819.0K
NOI $49,140 @ 7.0% cap · market cap 7,020.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
Demographics for 50702, IA
20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Compact office suite with tiled flooring, shared restrooms, and on-site parking near Kimball Avenue.
Where is this office unit located?
The property is located at 3336 Kimball Avenue Waterloo, IA.
What are key features of this property?
This property features: Approximately 396 SF office unit; Tile interior flooring; Restrooms located on both floors
