Office Suite with Private
For Sale
Contact for pricing
509 Ansborough Ave, Waterloo, IA 50701
Office suite includes open area, private offices, and a private bathroom, with off-street parking and exterior signage available.
Property Size2,560 SF
Price / SF$1.32
Days on Market114
Property Features for 509 Ansborough Ave
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Commercial
Zoning
C
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,277
Amenities
0.32
2560
Building Details
Building Size
2,560 SF
Year Built
2007
Listing Agency:
IOWA REALTY
(319) 393-0900
Listed By:
Ali Rashid
(319) 333-2886
Source:
Pinnaclerealtyia
Added: Jun 29
Changed: Oct 19
Last Checked: Oct 19 at 3:43AM
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 IOWA REALTY
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Investment Insights
Based on property information with market context.
This professional office suite offers an open, welcoming main area supported by private office rooms and a private bathroom. Off-street parking is available, and exterior signage is offered for added exposure. The layout is functional for day-to-day operations, and tenants are welcome to modify or customize the space with the owner’s approval.
The property is located at 509 Ansborough Ave, directly off Hwy 218, on a high-traffic main road with visibility. It also provides convenient access and a configuration suited to office and retail-oriented uses.
This offering is presented as a practical, move-in-ready option for a small business looking for dedicated private work areas alongside a shared open area.
The property is located at 509 Ansborough Ave, directly off Hwy 218, on a high-traffic main road with visibility. It also provides convenient access and a configuration suited to office and retail-oriented uses.
This offering is presented as a practical, move-in-ready option for a small business looking for dedicated private work areas alongside a shared open area.
Key Highlights
- Professional office suite for lease at 509 Ansborough
- 2560 total building area on a 0.32‑acre lot
- Unit layout includes an open area, private offices, and a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,934
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,680
$118.7K
Cap Rate 7%
$84,771
$84.8K
Cap Rate 9%
$65,933
$65.9K
Market Conditions
NOI Build-Up for 906 SF
Gross rent
$10.4K $11.52/SF
− Vacancy
−$2.5K −$2.79/SF
EGI
$7.9K $8.73/SF
− OpEx
−$2.0K −$2.18/SF
NOI
$5.9K $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%
$118,680
Cap Rate 7%
$84,771
Cap Rate 9%
$65,933
Alternative Uses
Best Use
Retail
$128.4K
$112.4K – $149.8K
NOI $8,989 @ 7.0% cap · market cap 749.08%
Second Best
Office B
$84.8K
$74.2K – $98.9K
NOI $5,934 @ 7.0% cap · market cap 494.50%
Theoretical Best
Mixed Use
$1.14M
$993.8K – $1.33M
NOI $79,502 @ 7.0% cap · market cap 6,625.17%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite includes open area, private offices, and a private bathroom, with off-street parking and exterior signage available.
Where is this office unit located?
The property is located at 509 Ansborough Ave Waterloo, IA.
What are key features of this property?
This property features: Professional office suite for lease at 509 Ansborough; 2560 total building area on a 0.32‑acre lot; Unit layout includes an open area, private offices, and a private bathroom
