Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    700 Jefferson St Waterloo, IA 50701
    Back to Search
    Property profile & analytics

    700 Jefferson St, Waterloo, IA 50701

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 700 Jefferson St

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 900-square-foot retail storefront, situated on the highly visible corner of Jefferson and 5th Streets in Waterloo's Central Business District, presents a fantastic opportunity. Recently renovated, the space boasts an abundance of natural light thanks to large storefront windows on two sides. High ceilings and modern LED lighting create a bright and inviting atmosphere. The property features a single bathroom and is ready for immediate occupancy. The zoning is C-3, allowing for a variety of commercial uses. The property is a single-tenant space, offering a streamlined and efficient layout. The assessed parcel number (APN) is 89132628001. Estimated average monthly utilities, encompassing electricity, gas, water, sewer, and garbage disposal, total approximately $155. This property is offered under a gross lease agreement and benefits from professional property management. Its prime location and recent renovations make this an ideal space for a variety of businesses seeking a high-visibility presence in Waterloo's thriving downtown area. The property type is classified as Retail and Office, with a subtype of Traditional Office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3396
    Latitude
    42.4936

    Comparable in this City

    • Value Estimation by Request
      66,345 SF

      3727-3731 University Ave

      Office Spaces
      3727-3731 University Ave, Waterloo, IA 50701
      View Details
    • Value Estimation by Request
      88,000 SF

      1307 Ridgeway Ave

      Schools
      1307 Ridgeway Ave, Waterloo, IA 50701
      View Details
    • Value Estimation by Request
      1.54 Acres

      4410 Ansborough Ave

      Land
      4410 Ansborough Ave, Waterloo, IA 50701
      View Details
    • Value Estimation by Request
      8,847 SF

      3026-3032 Ansborough Ave

      Neighborhood centers
      3026-3032 Ansborough Ave, Waterloo, IA 50701
      View Details
    • Value Estimation by Request
      80,000 SF

      3563 University Ave

      Office Spaces
      3563 University Ave, Waterloo, IA 50701
      View Details
    • Value Estimation by Request
      9,368 SF

      704 Ansborough Ave

      Distribution properties
      704 Ansborough Ave, Waterloo, IA 50701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,552 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with office/retail spaces and residential units.
      501 W 4Th St, Waterloo, IA 50701
      View Details
    • Contact for pricing
      38,940 SF

      Former Bank Building For Sale

      38,940 SF former bank building in Waterloo's central business district.
      425 Cedar St, Waterloo, IA 50701
      View Details
    • Contact for pricing
      2,378 SF

      Downtown Waterloo Retail Gem

      High-visibility corner retail space, 2378 sq ft.
      301 4Th St, Waterloo, IA 50701
      View Details
    • $419,000
      3,472 SF

      Waterloo Office Building - Prime Location

      Spacious Office Building, Great Location, Ample Parking
      36 Park Ln, Waterloo, IA 50701
      View Details
    • $748,888
      7,060 SF

      Waterloo Commercial Building on University

      7,060 SF commercial building ideal for auto or flex use.
      3128 University Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing
      840 SF

      Renovated Corner Retail/Office Space

      Turnkey 840 SF suite in high-traffic Waterloo location.
      2101 Falls Ave, Waterloo, IA 50701
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      12,631 SF

      Waterloo Office Building for Lease

      Class A Office, 12,631 sq ft, 25 parking spaces
      3015 Greyhound Dr, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Corner Building with Warehouse Space

      13,490 SF building with warehouse and parking.
      1657 Falls Ave, Waterloo, IA 50701
      View Details
    • $12 SF/Yr
      10,890 SF

      Versatile Office/Retail Space Available

      Highly visible Waterloo corner property with flexible office/retail space.
      1118 Ansborough Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing
      3,518 SF

      Historic Building Retail/Office/Restaurant Space

      First floor space suitable for retail, office, or restaurant.
      209 West 5Th St, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Renovated Corner Suite in Waterloo

      Turnkey 840 SF suite in high-traffic Waterloo location.
      2101 Falls Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Office Space in Community Building

      Office suite for 501(c)3 organizations in Waterloo's University Ave corridor.
      2530 University Ave, Waterloo, IA 50701
      View Details
    Request Owner's contact information
    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.
    700 Jefferson St
    Waterloo, IA 50701
    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
    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

    Thank You for Inquiry
    700 Jefferson St, Waterloo, IA, 50701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!