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    2520 Melrose Dr Cedar Falls, IA 50613

    Sponsored
    For Lease
    $240 SF/Yr

    Prime Retail Space, 2,500 sq ft, flexible layout

    Lot size:
    10,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located at 2520 Melrose Drive, Suite A, in Cedar Falls, Iowa, within a well-established strip center conveniently situated off University Avenue. The property, built in 1967, offers a total of 2,500 square feet of adaptable retail space within a larger 10,900 square foot building. Currently, one unit is available, but the space can be subdivided to accommodate specific tenant requirements. The open layout allows for maximum customization to suit diverse business needs. The property is zoned C-2, providing flexibility for a range of retail uses. Ample parking is available for customers and employees, enhancing convenience and accessibility. Excellent signage opportunities exist, ensuring high visibility and brand recognition. The property is located in Black Hawk County, Iowa, with a zip code of 50613. Net, Net, Net (NNN) expenses are estimated at $5.50 per square foot. This location offers a strong combination of accessibility, visibility, and flexibility, making it an ideal space for a variety of retail businesses. The property's location near University Avenue ensures high foot traffic and visibility.

    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 A
    Size
    2,500 SF
    Rate per SF
    $240

    HighLights

    • 2,500 SF retail space available in a Cedar Falls, IA strip center off University Avenue.
    • Divisible space adaptable to tenant needs with an open layout.
    • Ample parking and excellent signage opportunities.
    • NNN expenses estimated at $5.50/SF.
    • Located in a C‑2 zoned area with high foot traffic.
    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 - Prime Retail Space, 2,500 sq ft, flexible layout
    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: 2,500 SF retail space available in a Cedar Falls, IA strip center off University Avenue.; Divisible space adaptable to tenant needs with an open layout.; Ample parking and excellent signage opportunities.
    Request Owner's contact information
    2520 Melrose 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
    2520 Melrose Dr Cedar Falls, IA 50613
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