Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2016 College St Cedar Falls, IA 50613

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing
    Property size:
    1,408 SF

    Property Features for 2016 College St

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    1,408 SF
    Class
    B
    Lot Size
    1,742 SF

    Building Details

    Year Built/Renovated
    1914/2013
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Michael Matusik
    Michael Matusik

    Listing Agency: Prime Net Lease Listing Agent: Michael Matusik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jimmy John's Take-out & Catering

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    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
    -92.4555119
    Latitude
    42.5191992

    Nearby Similar for Sale

    • New
      Contact for pricing
      0.15 Acres

      Retail/Office Space in Cedar Falls

      Retail or office space with parking in downtown Cedar Falls.
      702 Main St, Cedar Falls, IA 50613
      View Details
    • $640,000
      0.37 Acres

      Turnkey Climate-Controlled Storage Facility

      Purpose-built storage facility with modern systems and efficient operation.
      3717 Midway Dr, Cedar Falls, IA 50613
      View Details
    • Contact for pricing
      0.20 Acres

      Restored Office/Retail Space For Sale

      Restored office or retail space near downtown Cedar Falls.
      215 Franklin St, Cedar Falls, IA 50613
      View Details
    • Contact for pricing
      Pending

      Multi-Use Building with Office Space

      Multi-use building featuring 1300 SF of office space.
      5630 Westminster Dr, Cedar Falls, IA 50613
      View Details
    • $329,900
      2,475 SF

      Industrial Flex Space with Gym

      Versatile industrial flex space, currently a gym/fitness center.
      3035 Capital Way, Cedar Falls, IA 50613
      View Details
    • $2,100,000
      0.08 Acres

      Downtown Cedar Falls Office Condo

      New office condo in downtown Cedar Falls with national tenant.
      302 Main St, Cedar Falls, IA 50613
      View Details
    • New
      $439,000
      0.30 Acres

      Cedar Falls Multifamily Investment Property

      Six-unit rental property in Cedar Falls' college hill area.
      2115 Walnut St, Cedar Falls, IA 50613
      View Details
    • $312,500
      0.13 Acres

      Investment Property Near UNI Campus

      Multifamily property near UNI with consistent revenue and recent updates.
      2503 Olive St, Cedar Falls, IA 50613
      View Details
    • $169,775
      1,485 SF

      Cedar Falls Commercial Flex Space

      Condo-style flex space in Cedar Falls' Industrial Park.
      3045 Capital Way, Cedar Falls, IA 50613
      View Details
    • $579,000
      0.26 Acres

      Modern Duplex in Cedar Falls

      Cedar Falls duplex built in 2018, rented through summer 2026.
      214-216 N Francis St, Cedar Falls, IA 50613
      View Details
    • $164,900
      0.10 Acres

      Cedar Falls Duplex Near Main

      Duplex near Main Street with rental income potential.
      524 W 6Th St, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Main Street Retail/Restaurant Opportunity

      Retail or restaurant space with high foot traffic and visibility.
      421 Main St, Cedar Falls, IA 50613
      View Details

    FAQs

    Where is this retail property located?
    The property is located at 2016 College St Cedar Falls, IA.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Long-term, Net Lease retail tenant: Nationally recognized Jimmy John's occupies the ground floor with over 10 years remaining on their lease, recently extending it for another 15 years.; Triple Net (NNN) Lease: Retail tenant is on a NNN lease, passing through most operating expenses to the tenant.; Prime University Location: Adjacent to Northern Iowa University (UNI), with over 9,000 students, and near local schools, creating high demand for both retail and residential units.
    (800) 948-1250 Call to check price and availability
    Request Owner's contact information
    2016 College St Cedar Falls, IA 50613
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2016 College St
    Cedar Falls, IA 50613
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2016 College St Cedar Falls, IA 50613
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Matusik
    Michael Matusik
    Real Estate License ID: 01888322
    (800) 948-1250
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!