Wide-Open Retail
For Sale
Contact for pricing
3626 Kimball Avenue, Waterloo, IA 50702
1,200 SF retail suite in a well-maintained strip center adjacent to a McDonald’s.
Property Size6,720 SF
Price / SF$0.02
Days on Market438
Property Features for 3626 Kimball Avenue
General Information
Standard status
Active
Size
6,720 SF
Property subtype
Commercial
Zoning
C-2
Lease Type
Net
Taxes and HOA fees
Annual Taxes
$27,173
Amenities
Concrete
City Street,Frontage Road
0.79
6720
Building Details
Building Size
6,720 SF
Year Built
1990
Stories
1
Listing Agency:
Skogman Realty Co.
(319) 393-0900
Listed By:
Jerome Edwards
(319) 594-2525
Source:
Pinnaclerealtyia
Added: Aug 11, 2025
Changed: Oct 21
Last Checked: Oct 20 at 6:23PM
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 Skogman Realty Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail suite offers approximately 1,200 square feet within a well-maintained strip center. The interior features a wide-open floor plan designed to be customized for a variety of retail and service concepts. Signage opportunities are available, and customer parking is provided onsite.
Located on Kimball Avenue in Waterloo, IA, the suite benefits from its adjacency to a McDonald’s. The surrounding retail setting and shared access support straightforward customer arrival and convenient day-to-day operations.
Operating expenses are described as NNN, with estimated costs of $5.50 per square foot.
Located on Kimball Avenue in Waterloo, IA, the suite benefits from its adjacency to a McDonald’s. The surrounding retail setting and shared access support straightforward customer arrival and convenient day-to-day operations.
Operating expenses are described as NNN, with estimated costs of $5.50 per square foot.
Key Highlights
- 1,200 SF retail suite in a well‑maintained strip center on Kimball Ave
- Wide‑open floor plan with concrete flooring, ready to customize for your business
- Located immediately adjacent to a high‑traffic McDonald’s
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,906
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,120
$238.1K
Cap Rate 7%
$170,086
$170.1K
Cap Rate 9%
$132,289
$132.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.6K $15.48/SF
− Vacancy
−$1.6K −$1.31/SF
EGI
$17.0K $14.17/SF
− OpEx
−$5.1K −$4.25/SF
NOI
$11.9K $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%
$238,120
Cap Rate 7%
$170,086
Cap Rate 9%
$132,289
Alternative Uses
Best Use
Retail
$170.1K
$148.8K – $198.4K
NOI $11,906 @ 7.0% cap · market cap 66,144.44%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.50M
$1.32M – $1.76M
NOI $105,300 @ 7.0% cap · market cap 585,000.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
252k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Dining 31%
Shops & Services 28%
Groceries 8%
Sam's Club
Superstores
79,678 visits/mo
0.5 miles
Culver's
Dining
25,660 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
22,821 visits/mo
0.4 miles
McDonald's
Dining
22,637 visits/mo
0.1 miles
Fareway
Groceries
19,719 visits/mo
0.0 miles
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
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 - 1,200 SF retail suite in a well-maintained strip center adjacent to a McDonald’s.
Where is this retail space located?
The property is located at 3626 Kimball Avenue Waterloo, IA.
What are key features of this property?
This property features: 1,200 SF retail suite in a well‑maintained strip center on Kimball Ave; Wide‑open floor plan with concrete flooring, ready to customize for your business; Located immediately adjacent to a high‑traffic McDonald’s
