Office Building with 7
611 Ansborough Avenue, Waterloo, IA 50701
For Sale
$349,900
Zoned C, the property includes open workstation areas and accessible interior accommodations.
Property Size3,550 SF
Price / SF$98.56
Days on Market95
Property Features for 611 Ansborough Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
private offices
open workstation areas
reception lobby
conference room
kitchenette/break room
handicapped accessible
landscaped lot
lite up signage
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Fischels Residential Group
(319) 234-5000
Listed By:
Edwin Leehey
(319) 415-7349
Source:
Mainrealty
Added: Aug 7
Changed: Nov 8
Last Checked: Nov 9 at 2:51PM
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 Fischels Residential Group
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Investment Insights
Based on property information with market context.
This 3,550-square-foot office building, constructed in 1993, includes seven private offices, open workstation areas, a reception and lobby, a conference room, and a kitchenette with break space. The building has accessible entry doors and interior accommodations. A basement with fire sprinklers provides storage. Improvements include a roof installed in summer 2026 with Category 4 impact-resistant shingles, an updated HVAC system, and a newer water heater.
The property is at 611 Ansborough Avenue in Waterloo, moments from the HWY 218 interchange. The site has landscaping, illuminated signage, and a 20-stall parking lot that has been restriped. Zoning is C.
The property is at 611 Ansborough Avenue in Waterloo, moments from the HWY 218 interchange. The site has landscaping, illuminated signage, and a 20-stall parking lot that has been restriped. Zoning is C.
Key Highlights
- 3,550‑square‑foot office building built in 1993
- Seven private offices, open workstations, reception and lobby, conference room, and kitchenette/break room
- Accessible entry doors and interior accommodations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,249
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,980
$465.0K
Cap Rate 7%
$332,129
$332.1K
Cap Rate 9%
$258,322
$258.3K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$40.9K $11.52/SF
− Vacancy
−$9.9K −$2.79/SF
EGI
$31.0K $8.73/SF
− OpEx
−$7.7K −$2.18/SF
NOI
$23.2K $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%
$464,980
Cap Rate 7%
$332,129
Cap Rate 9%
$258,322
Alternative Uses
Best Use
Office B
$332.1K
$290.6K – $387.5K
NOI $23,249 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.1K
$779.8K – $1.04M
NOI $62,380 @ 7.0% cap · market cap 17.83%
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
520
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
Properties on Market for Office buildings in Waterloo
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Zoned C, the property includes open workstation areas and accessible interior accommodations.
Where is this office building located?
The property is located at 611 Ansborough Avenue Waterloo, IA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 3,550‑square‑foot office building built in 1993; Seven private offices, open workstations, reception and lobby, conference room, and kitchenette/break room; Accessible entry doors and interior accommodations
