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    5-6 Nordic Dr Cedar Falls, IA 50613

    Sponsored
    For Sale
    Contact for pricing

    1.43 Acres, M-1 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.43-acre commercial land parcel, located at Lots 5-6 Nordic Drive in Cedar Falls, Iowa (zip code 50613), presents a prime development opportunity. Zoned M-1, this property offers significant potential for a variety of commercial uses. Situated along Highway 58, the land boasts unparalleled visibility and accessibility, benefiting from high traffic counts and excellent signage opportunities. Its proximity to the new Super Target further enhances its desirability and potential for attracting customers. The land is priced competitively at $4.00 per square foot. This strategic location, combined with the favorable zoning and high traffic volume, makes this an ideal site for businesses seeking strong exposure and a thriving commercial environment in a rapidly growing area of Cedar Falls. Additional land is available in the vicinity at varying prices, providing flexibility for larger-scale development projects. Black Hawk County's robust economy and supportive business climate make this a compelling investment opportunity. The property's coordinates are 42.4800769 latitude and -92.447617 longitude.

    Property Features for 5-6 Nordic Dr

    General Information

    Property type
    Land
    Lot Size
    62,291 SF

    HighLights

    • 1.43‑acre commercial land parcel in Cedar Falls, IA.
    • M‑1 zoning.
    • Priced at $4 per square foot.
    • Located on Nordic Drive near Hwy 58 and the new Super Target, offering high visibility and traffic counts.
    • Additional land available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.447617
    Latitude
    42.4800769

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    FAQs

    What type of property is this?
    Land - 1.43 Acres, M-1 Zoning, High Visibility
    Where is this land located?
    The property is located at 5-6 Nordic Dr Cedar Falls, IA.
    What are key features of this property?
    This property features: 1.43-acre commercial land parcel in Cedar Falls, IA.; M-1 zoning.; Priced at $4 per square foot.
    (319) 830-5000
    Request Owner's contact information
    5-6 Nordic Dr Cedar Falls, IA 50613
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5-6 Nordic Dr Cedar Falls, IA 50613
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