Office/Retail Space with
For Sale
Contact for pricing
503 W 4th Street, Waterloo, IA 50701
Versatile office/retail space with off-street asphalt parking and immediate availability near downtown Waterloo.
Property Size6,352 SF
Price / SF$0.75
Days on Market194
Property Features for 503 W 4th Street
General Information
Standard status
Active
Size
6,352 SF
Property subtype
Commercial
Zoning
C-2
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$5,443
Amenities
off-street parking
signage opportunities
Corner Lot,City Street
0.11
6352
Building Details
Building Size
6,352 SF
Year Built
1913
Listing Agency:
SKOGMAN REALTY
(319) 393-0900
Listed By:
Lydia Fitzgerald
(319) 213-1157
Source:
Pinnaclerealtyia
Added: Apr 14
Changed: Oct 15
Last Checked: Oct 23 at 5:13AM
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
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 property offers a flexible office and retail configuration totaling 1,600 sq. ft., with immediate availability for an incoming tenant or buyer. The site includes an off-street asphalt parking area to support customer and employee access.
Located near downtown Waterloo and positioned just off Washington St., the building provides strong visibility with signage opportunities.
The space is available now and presented for sale, with parking and access designed for day-to-day operations.
Located near downtown Waterloo and positioned just off Washington St., the building provides strong visibility with signage opportunities.
The space is available now and presented for sale, with parking and access designed for day-to-day operations.
Key Highlights
- Office/retail space near downtown Waterloo with strong visibility and signage opportunities
- 1,600 SF office/retail building area
- Corner lot with frontage on a city street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,479
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,580
$209.6K
Cap Rate 7%
$149,700
$149.7K
Cap Rate 9%
$116,433
$116.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$18.4K $11.52/SF
− Vacancy
−$4.5K −$2.79/SF
EGI
$14.0K $8.73/SF
− OpEx
−$3.5K −$2.18/SF
NOI
$10.5K $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%
$209,580
Cap Rate 7%
$149,700
Cap Rate 9%
$116,433
Alternative Uses
Best Use
Retail
$226.8K
$198.4K – $264.6K
NOI $15,874 @ 7.0% cap · market cap 1,322.83%
Second Best
Office B
$149.7K
$131.0K – $174.7K
NOI $10,479 @ 7.0% cap · market cap 873.25%
Theoretical Best
Mixed Use
$2.01M
$1.76M – $2.34M
NOI $140,400 @ 7.0% cap · market cap 11,700.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 50701, IA
29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile office/retail space with off-street asphalt parking and immediate availability near downtown Waterloo.
Where is this office unit located?
The property is located at 503 W 4th Street Waterloo, IA.
What are key features of this property?
This property features: Office/retail space near downtown Waterloo with strong visibility and signage opportunities; 1,600 SF office/retail building area; Corner lot with frontage on a city street
