Flex Space with Dock
For Sale
$115,000
Pending
440 W Parker Street, Waterloo, IA 50703
Functional commercial space with dock access, a private office, restroom, and year-round heating and cooling.
Property Size2,016 SF
Days on Market48
Property Features for 440 W Parker Street
General Information
Standard status
Pending
Size
2,016 SF
Property subtype
Pending
Zoning
M2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Dock-High Doors
2
Taxes and HOA fees
Annual Taxes
$3,227
Amenities
dedicated office
bathroom
forced air heat
central AC
0.15
2016
Building Details
Building Size
2,016 SF
Year Built
1947
Buildings
1
Listing Agency:
Berkshire Hathaway Home Serv
(319) 233-7000
Listed By:
Jared Hottle · License #S68688000
(319) 288-5382
Source:
Pinnaclerealtyia
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 3:20AM
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 Berkshire Hathaway Home Serv
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Investment Insights
Based on property information with market context.
This 2,016-square-foot flex property at 440 W Parker Street in Waterloo provides a practical commercial layout with two dock doors, a dedicated office, and a bathroom. Forced-air heat and central air conditioning support year-round operation. Built in 1947, the building is zoned M2 and offers a configuration suited to a range of commercial activities.
A new road fronts the property, with access to major highways and traffic along the surrounding corridor. The combination of dock loading, office space, climate control, and a compact footprint supports uses including auto repair, small manufacturing, and storage, as identified for the property.
A new road fronts the property, with access to major highways and traffic along the surrounding corridor. The combination of dock loading, office space, climate control, and a compact footprint supports uses including auto repair, small manufacturing, and storage, as identified for the property.
Key Highlights
- 2,016 SF flex building on 0.15 acres
- Two dock doors for loading access
- M2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,044
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,880
$180.9K
Cap Rate 7%
$129,200
$129.2K
Cap Rate 9%
$100,489
$100.5K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$14.8K $7.32/SF
− Vacancy
−$843 −$0.42/SF
EGI
$13.9K $6.90/SF
− OpEx
−$4.9K −$2.42/SF
NOI
$9.0K $4.49/SF
Area
Black Hawk County, IA
Vacancy
5.71%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,880
Cap Rate 7%
$129,200
Cap Rate 9%
$100,489
Alternative Uses
Best Use
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,703 @ 7.0% cap · market cap 124.09%
Second Best
Industrial
$1.68M
$1.47M – $1.96M
NOI $117,520 @ 7.0% cap · market cap 102.19%
Theoretical Best
Mixed Use
$2.53M
$2.21M – $2.95M
NOI $176,904 @ 7.0% cap · market cap 153.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50703, IA
18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial space with dock access, a private office, restroom, and year-round heating and cooling.
Where is this flex space located?
The property is located at 440 W Parker Street Waterloo, IA.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 2,016 SF flex building on 0.15 acres; Two dock doors for loading access; M2 zoning
