Office Suite with Private
For Sale
Contact for pricing
509 Ansborough Ave Unit B, Waterloo, IA 50701
The layout combines an open work area, enclosed offices, and a private restroom for flexible business operations.
Property Size2,560 SF
Price / SF$0.47
Days on Market121
Property Features for 509 Ansborough Ave Unit B
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Office/Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,277
Amenities
exterior signage
private offices
private bathroom
Building Details
Building Size
2,560 SF
Year Built
2007
Listing Agency:
Berkshire Hathaway Home Services One Realty Centre
Listed By:
Danielle Morris · License #S614440
(319) 231-4175
Source:
Karensteffeshomes
Added: Jun 29
Changed: Oct 27
Last Checked: Oct 26 at 2:54PM
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
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Investment Insights
Based on property information with market context.
Office Unit B offers 2,560 square feet, with an open area, private offices, and a dedicated bathroom. Built in 2007, the space also has off-street parking and exterior signage availability. Modifications are subject to owner approval.
The property is at 509 Ansborough Ave in Waterloo, directly off Hwy 218 and along a high-traffic main road. The site provides convenient highway access.
The property is at 509 Ansborough Ave in Waterloo, directly off Hwy 218 and along a high-traffic main road. The site provides convenient highway access.
Key Highlights
- 2,560‑square‑foot office unit
- Open area, private offices, and a private bathroom
- Off‑street parking and exterior signage available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,766
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,320
$335.3K
Cap Rate 7%
$239,514
$239.5K
Cap Rate 9%
$186,289
$186.3K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$29.5K $11.52/SF
− Vacancy
−$7.1K −$2.79/SF
EGI
$22.4K $8.73/SF
− OpEx
−$5.6K −$2.18/SF
NOI
$16.8K $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%
$335,320
Cap Rate 7%
$239,514
Cap Rate 9%
$186,289
Alternative Uses
Best Use
Retail
$362.8K
$317.5K – $423.3K
NOI $25,399 @ 7.0% cap · market cap 2,116.58%
Second Best
Office B
$239.5K
$209.6K – $279.4K
NOI $16,766 @ 7.0% cap · market cap 1,397.17%
Theoretical Best
Mixed Use
$3.21M
$2.81M – $3.74M
NOI $224,640 @ 7.0% cap · market cap 18,720.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
455
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The layout combines an open work area, enclosed offices, and a private restroom for flexible business operations.
Where is this office unit located?
The property is located at 509 Ansborough Ave Unit B Waterloo, IA.
What are key features of this property?
This property features: 2,560‑square‑foot office unit; Open area, private offices, and a private bathroom; Off‑street parking and exterior signage available
