Vacant Retail and Office
705 W 5th Street Waterloo, IA 50702
New
For Sale
$75,000
Vacant building with a wide-open interior layout, suited for retail or office uses, with parking for employees and clients.
Property Size864 SF
Price / SF$86.81
Days on Market6
Property Features for 705 W 5th Street
General Information
Standard status
Active
Size
864 SF
Property subtype
Commercial
Lease Term
Years - 2
Building Details
Year Built
1977
Listing Agency:
Pinnacle Realty LLC
(319) 651-9617
Listed By:
Jaime Hymer
(319) 651-9617
Source:
Pinnaclerealtyia
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 28 at 3:14AM
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 Pinnacle Realty LLC
Investment Insights
Based on property information with market context.
This vacant commercial building offers a wide-open floor plan that can be configured to fit retail or office needs. The space is currently clean and ready for new occupancy, with flexibility for a tailored build-out.
Located at 705 W 5th Street in Waterloo, IA, the property benefits from exposure along a major thoroughfare. The building includes parking for both employees and clients and features an exterior facade that supports roadside visibility.
The property is available for sale, and the remarks note that 701 and 705 W 5th St. may be purchased separately or together.
Located at 705 W 5th Street in Waterloo, IA, the property benefits from exposure along a major thoroughfare. The building includes parking for both employees and clients and features an exterior facade that supports roadside visibility.
The property is available for sale, and the remarks note that 701 and 705 W 5th St. may be purchased separately or together.
Key Highlights
- Vacant commercial building with a wide‑open interior layout (864 total building area) for retail, office, or other flexible uses
- Located at 701 & 705 W 5th St., which may be purchased separately or together for a discount, or leased
- Lot size is 0.05 acres
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.0k | $11.52 |
| − Vacancy | −$2.4k | −$2.79 |
| EGI | $7.5k | $8.73 |
| − OpEx | −$1.9k | −$2.18 |
| NOI | $5.7k | $6.55 |
864 SF · lease $11.52/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Retail
$122.5K
$107.2K – $142.9K
NOI $8,572 @ 7.0% cap · market cap 11.43%
Second Best
Healthcare Medical
$116.6K
$102.1K – $136.1K
NOI $8,165 @ 7.0% cap · market cap 10.89%
Theoretical Best
Mixed Use
$1.08M
$947.7K – $1.26M
NOI $75,816 @ 7.0% cap · market cap 101.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Vacant building with a wide-open interior layout, suited for retail or office uses, with parking for employees and clients.
Where is this retail space located?
The property is located at 705 W 5th Street Waterloo, IA.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Vacant commercial building with a wide‑open interior layout (864 total building area) for retail, office, or other flexible uses; Located at 701 & 705 W 5th St., which may be purchased separately or together for a discount, or leased; Lot size is 0.05 acres
