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    2520 Melrose Dr Cedar Falls, IA 50613

    Sponsored
    For Lease
    $240 SF/Yr

    3,000 SF Retail/Office Suite Available

    Lot size:
    10,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,000 square foot retail or office space is situated within a well-maintained strip center at 2520 Melrose Drive, Suite L, Cedar Falls, IA 50613. Built in 1967 and zoned C-2, the property offers a versatile layout currently configured for medical use, making it ideal for a variety of businesses. The space boasts a welcoming reception/waiting area, a dedicated administrative area, two restrooms, three spacious exam rooms, multiple private offices, and substantial storage. The existing high-quality finish significantly reduces upfront tenant improvement costs. The entire building encompasses 10,900 square feet and features multiple tenancies. This location provides excellent visibility and accessibility within a thriving Cedar Falls commercial district. Net, Net, Net (NNN) expenses are estimated at $5.50 per square foot. This is a fantastic opportunity for a business seeking a move-in ready space with a functional design and convenient location. The property's existing layout and amenities offer immediate occupancy, minimizing downtime and maximizing return on investment. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 2520 Melrose Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,900 SF
    Total Rate
    218000

    Building Details

    Year Built
    1967

    Unit(s) available at that property

    Space
    2520 Melrose Drive Suite L
    Size
    3,000 SF
    Rate per SF
    $240

    HighLights

    • 3,000 SF office/retail space in a convenient strip center.
    • Finished space ideal for medical use, featuring reception, admin area, two restrooms, three exam rooms, multiple offices, and ample storage.
    • NNN expenses estimated at $5.50/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Escapology Escape Rooms ... Escape Room Center handy laundry Laundromat Dr. Susan C. ... Doctor Absolute Beauty Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -92.4308566
    Latitude
    42.5143344

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    FAQs

    What type of property is this?
    Retail property - 3,000 SF Retail/Office Suite Available
    Where is this retail property located?
    The property is located at 2520 Melrose Dr Cedar Falls, IA.
    What is the lease rate?
    The lease rate is $240 SF/Yr.
    What are key features of this property?
    This property features: 3,000 SF office/retail space in a convenient strip center.; Finished space ideal for medical use, featuring reception, admin area, two restrooms, three exam rooms, multiple offices, and ample storage.; NNN expenses estimated at $5.50/SF.
    Request Owner's contact information
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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
    2520 Melrose Dr Cedar Falls, IA 50613
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