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Basement Flex Space with Walk-Out Access
For Lease
$4,600/Mo

4807 University Avenue Unit 001, Cedar Falls, IA 50613

Daylight windows and entry from the building interior and rear exterior support office or storage use.

Space Size4,906 SF
Property Size13,414 SF
Days on Market620

Property Features for 4807 University Avenue Unit 001

General Information

Standard status Active
Size 4,906 SF
Net Rentable 4,906 SF
Property subtype Office
Lease Type Gross

Space & Availability

Available Space 4,906 SF
Contiguous Space 4,906 SF
Floor Basement
Space Use Office

Taxes and HOA fees

Annual Taxes $41,477

Building Details

Building Size 13,414 SF
Year Built 1979
Listing Agency: Oakridge Real Estate
Listed By: Joshua Bey · License #S453650
Source: Karensteffeshomes
Added: Feb 14, 2025 Changed: Oct 26 Last Checked: Oct 26 at 3:59PM

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 Oakridge Real Estate

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Investment Insights

Based on property information with market context.

This 4,906-square-foot flex suite occupies a basement level and has daylight windows. Its layout includes several separated areas and three private bathroom stalls. Access is available through the building lobby and down a flight of stairs, or directly from the rear exterior. Two overhead doors are present, one inside the suite and one in a shared area; both are currently covered and not operational.

Parking is available at the front of the building and near the lower-level entrance, including 15 spaces at the rear and one accessible stall. The space is offered on a gross lease, with the tenant responsible for utilities.

Key Highlights

  • 4,906 Sq. Ft. of basement flex space
  • Daylight windows in the lower‑level suite
  • Interior lobby access and a separate rear walk‑out entrance

Property Analytics

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Open Analytics

Current Use

QuickHIT Fitness - Waterloo Gym & Fitness Center Judy Schindel, CPA Accounting Firm Hair It Is Hair Salon Upper Iowa University ... Training Center Hertz Car Rental ... Car Rental Facility

Suggested Use

Top Pick Law Firm Building Supply Spa & Massage Center Hair Salon HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

519
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Cedar Falls, IA

$5.1 /SF/Yr
Avg Asking Price
$1.03–$7.38 /SF/Yr
Price Range
13,225 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Daylight windows and entry from the building interior and rear exterior support office or storage use.
Where is this flex space located?
The property is located at 4807 University Avenue Unit 001 Cedar Falls, IA.
What is the lease rate?
The lease rate is $4,600/Mo.
What are key features of this property?
This property features: 4,906 Sq. Ft. of basement flex space; Daylight windows in the lower‑level suite; Interior lobby access and a separate rear walk‑out entrance
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