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    221-223 4Th St Waterloo, IA 50703

    For Sale
    $485,000

    Prime Waterloo location, 10,488 SF office space

    Property size:
    10,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10,488-square-foot office building, situated in the heart of Downtown Waterloo, Iowa, presents a compelling investment opportunity. Built in 1953 and renovated in 1959, the property boasts three levels of versatile space. The lower level comprises a welcoming reception area, over fifteen individual offices, a spacious break room complete with a full kitchen, a convenient storage room, and a dedicated conference room. The main level features a central hallway leading to three private office suites

    Property Features for 221-223 4Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,488 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built/Renovated
    1953/1959
    Buildings
    1

    HighLights

    • 10,488 SF office building in Downtown Waterloo, IA.
    • Built in 1953, renovated in 1959.
    • Three‑story building with versatile space.
    • Lower level includes reception, 15+ offices, break room with full kitchen, storage, and conference room.
    • Main level features three private office suites and central hallway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.335379809583
    Latitude
    42.498696851435

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Waterloo location, 10,488 SF office space
    Where is this office property / space located?
    The property is located at 221-223 4Th St Waterloo, IA.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: 10,488 SF office building in Downtown Waterloo, IA.; Built in 1953, renovated in 1959.; Three-story building with versatile space.
    (563) 419-7644
    Request Owner's contact information
    221-223 4Th St Waterloo, IA 50703
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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
    221-223 4Th St Waterloo, IA 50703
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