Equipped Conventional Restaurant
For Sale
Contact for pricing
910 W 5th Street, Waterloo, IA 50702
Restaurant space in a multi-tenant center with commercial kitchen equipment and shared parking.
Property Size22,551 SF
Price / SF$0.40
Days on Market60
Property Features for 910 W 5th Street
General Information
Standard status
Active
Size
22,551 SF
Property subtype
Commercial
Zoning
C-2
Lease Type
Gross
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$31,279
Amenities
0.74
22551
Building Details
Building Size
22,551 SF
Year Built
1959
Tenancy
Multi
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 393-0900
Listed By:
Cole Breitbach
(319) 551-6448
Source:
Pinnaclerealtyia
Added: Aug 18
Changed: Oct 15
Last Checked: Oct 14 at 9:36PM
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 GLD Commercial Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The restaurant space contains approximately 5,625 square feet within a multi-tenant strip center. Existing improvements include a fully equipped commercial kitchen, walk-in coolers, a hood system, and other restaurant infrastructure. The property is identified with C-2 zoning and was built in 1959.
Located at 910 W 5th Street in Waterloo, the space benefits from established co-tenancy and access to a large shared parking area. The existing build-out and equipment support restaurant and food-service operations without requiring a completely new installation.
The layout includes the core improvements associated with a functioning restaurant, offering a substantial existing physical setup for a new operator or concept.
Located at 910 W 5th Street in Waterloo, the space benefits from established co-tenancy and access to a large shared parking area. The existing build-out and equipment support restaurant and food-service operations without requiring a completely new installation.
The layout includes the core improvements associated with a functioning restaurant, offering a substantial existing physical setup for a new operator or concept.
Key Highlights
- Approximately 5,625 SF of restaurant space
- Fully equipped commercial kitchen with hood system
- Walk‑in coolers and existing restaurant improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,794
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,880
$1.2M
Cap Rate 7%
$854,200
$854.2K
Cap Rate 9%
$664,378
$664.4K
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$87.1K $15.48/SF
− Vacancy
−$7.3K −$1.31/SF
EGI
$79.7K $14.17/SF
− OpEx
−$19.9K −$3.54/SF
NOI
$59.8K $10.63/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,880
Cap Rate 7%
$854,200
Cap Rate 9%
$664,378
Alternative Uses
Best Use
Industrial
$4.68M
$4.10M – $5.47M
NOI $327,903 @ 7.0% cap · market cap 14,573.47%
Second Best
Specialty Retail
$854.2K
$747.4K – $996.6K
NOI $59,794 @ 7.0% cap · market cap 2,657.51%
Theoretical Best
Mixed Use
$7.05M
$6.17M – $8.23M
NOI $493,594 @ 7.0% cap · market cap 21,937.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 3%
Hotels & Casinos 2%
Home Improvements & Furnishings 2%
Kwik Trip
Shops & Services
31,406 visits/mo
0.4 miles
Dollar General
Shops & Services
5,711 visits/mo
0.1 miles
Firestone Complete Auto Care
Shops & Services
1,554 visits/mo
0.3 miles
Dairy Queen
Dining
1,358 visits/mo
0.3 miles
Econo Lodge Inn & Suites
Hotels & Casinos
922 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space in a multi-tenant center with commercial kitchen equipment and shared parking.
Where is this conventional restaurant located?
The property is located at 910 W 5th Street Waterloo, IA.
What are key features of this property?
This property features: Approximately 5,625 SF of restaurant space; Fully equipped commercial kitchen with hood system; Walk‑in coolers and existing restaurant improvements
