Heated Shop with
440 W Parker St Waterloo, IA 50703
New
440 W Parker St, Waterloo, IA, 50703
$119,900
For Sale
$119,900
Heated shop-and-office building with two 12-foot overhead doors, on-site bathroom, and a spacious parking lot.
Property Size2,016 SF
Price / SF$59.47
Days on Market3
Property Features for 440 W Parker St
General Information
- Standard status
- Active
- Size
- 2,016 SF
Building Details
- Year Built
- 1947
Listing agency
Berkshire Hathaway Home Services One Realty Centre
(319) 288-5382
Listed by
Jared Hottle · License #S68688000
Source
Kwlegacyrealty
Added: Jul 21 Updated: Jul 22 at 7:24PM Checked: Jul 22 at 7:24PM
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 Services One Realty Centre
Investment Insights
Based on property information with market context.
This heated shop and office property offers a practical mix of work space and a dedicated office area. The building features durable steel exterior construction and two 12-foot overhead doors for straightforward loading, unloading, and day-to-day operations. An on-site bathroom adds convenience for staff and visitors.
Located at 440 W Parker St in Waterloo, Iowa, the property is described as being in a convenient location near major roadways, supporting easy access for business operations.
The configuration can support a range of functional uses, including retail, workshop, storage, trades, and light industrial activity, with parking on site to accommodate employees, customers, and equipment. The building is presented as well-maintained with minimal upkeep.
Located at 440 W Parker St in Waterloo, Iowa, the property is described as being in a convenient location near major roadways, supporting easy access for business operations.
The configuration can support a range of functional uses, including retail, workshop, storage, trades, and light industrial activity, with parking on site to accommodate employees, customers, and equipment. The building is presented as well-maintained with minimal upkeep.
Key Highlights
- Heated shop‑and‑office building built in 1947
- Steel‑exterior commercial building with office space on site
- Two 12‑foot overhead doors for loading, unloading, and daily operations
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.8k | $7.32 |
| − Vacancy | −$843 | −$0.42 |
| EGI | $13.9k | $6.90 |
| − OpEx | −$4.9k | −$2.42 |
| NOI | $9.0k | $4.49 |
2,016 SF · lease $7.32/SF/yr · vacancy 5.71% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,703 @ 7.0% cap · market cap 119.02%
Second Best
Industrial
$1.68M
$1.47M – $1.96M
NOI $117,520 @ 7.0% cap · market cap 98.02%
Theoretical Best
Mixed Use
$2.53M
$2.21M – $2.95M
NOI $176,904 @ 7.0% cap · market cap 147.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Heated shop-and-office building with two 12-foot overhead doors, on-site bathroom, and a spacious parking lot.
Where is this flex space located?
The property is located at 440 W Parker St Waterloo, IA.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Heated shop‑and‑office building built in 1947; Steel‑exterior commercial building with office space on site; Two 12‑foot overhead doors for loading, unloading, and daily operations
