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    250 Westfield Ave Waterloo, IA 50701

    For Lease
    $10 SF/Yr

    Prime office space near Deere & Co.

    Lot size:
    198,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional office opportunity is located within the revitalized Courtyard by Marriott hotel, offering unparalleled convenience and prestige. Situated near Deere & Company's Drive Train Operations, Foundry, and Museum, as well as downtown Waterloo, this location boasts high visibility and accessibility. The property features a total of 198,000 square feet on a 6.1-acre lot, zoned M-2 and P. Currently, there are two available office spaces ranging from 1,264 square feet to 12,000 square feet, perfect for businesses seeking flexible and adaptable work environments. The building's diverse tenant mix includes a restaurant and pub, creating a vibrant and dynamic atmosphere. The property's address is conveniently located near US Highway 218, ensuring easy access for employees and clients. This is a rare opportunity to secure high-quality office space in a prime location with excellent amenities and strong community ties. The property's parcel number is 891323378016, and it's located in Black Hawk County. The building offers a variety of office space options, including executive, traditional, and creative office suites, catering to diverse business needs. This is an ideal location for businesses seeking a professional and convenient workspace in a thriving area.

    Property Features for 250 Westfield Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    198,000 SF
    Total Rate
    165000

    Unit(s) available at that property

    Space
    Pub - Courtyard by Marriott TechWorks
    Size
    1,264 SF
    Rate per SF
    $12
    Space
    Office 2nd Floor - Courtyard by Marriott
    Size
    12,000 SF
    Rate per SF
    $10

    HighLights

    • Restaurant, office, and special purpose property totaling 198,000 square feet.
    • Multiple tenancies available.
    • 6.1‑acre lot size.
    • Located near US Hwy 218.
    • M‑2 and P zoning.
    • Black Hawk County location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbecks Smokehouse Barbecue Restaurant Courtyard Waterloo Cedar ... Hotel

    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
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.349132879374
    Latitude
    42.498989434318

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    FAQs

    What type of property is this?
    Restaurant - Prime office space near Deere & Co.
    Where is this restaurant located?
    The property is located at 250 Westfield Ave Waterloo, IA.
    What is the lease rate?
    The lease rate is $10-$12 SF/Yr.
    What are key features of this property?
    This property features: Restaurant, office, and special purpose property totaling 198,000 square feet.; Multiple tenancies available.; 6.1-acre lot size.
    Request Owner's contact information
    250 Westfield Ave Waterloo, IA 50701
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    Waterloo, IA 50701
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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
    250 Westfield Ave Waterloo, IA 50701
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