Vacant Retail and Office
For Sale
$75,000
705 W 5th Street, Waterloo, IA 50702
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 Market97
Property Features for 705 W 5th Street
General Information
Standard status
Active
Size
864 SF
Property subtype
Commercial
Zoning
C-2
Lease Term
Years - 2
Net Operating Income
$8,000
Taxes and HOA fees
Annual Taxes
$921
Amenities
0.05
864
Building Details
Building Size
864 SF
Year Built
1977
Stories
1
Listing Agency:
Edge Realty Group
(319) 393-0900
Listed By:
Jaime Hymer
(319) 651-9617
Source:
Pinnaclerealtyia
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 28 at 5:23AM
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 Edge Realty Group
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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
Estimated NOI and Cap Rate
NOI / Yr
$5,658
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$113,160
$113.2K
Cap Rate 7%
$80,829
$80.8K
Cap Rate 9%
$62,867
$62.9K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$10.0K $11.52/SF
− Vacancy
−$2.4K −$2.79/SF
EGI
$7.5K $8.73/SF
− OpEx
−$1.9K −$2.18/SF
NOI
$5.7K $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%
$113,160
Cap Rate 7%
$80,829
Cap Rate 9%
$62,867
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
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Business Placement
Demographics for 50702, IA
20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
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?
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
