Property profile

2520 Melrose Dr Cedar Falls, IA 50613

OFF-MARKET
Retail properties & Spaces
10,900 SF Built 1967
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Property summary

AI-generated overview

This exceptional 3,000 square foot retail or office space is situated within a well-maintained strip center at 2520 Melrose Drive, Suite L, Cedar Falls, IA 50613. Built in 1967 and zoned C-2, the property offers a versatile layout currently configured for medical use, making it ideal for a variety of businesses. The space boasts a welcoming reception/waiting area, a dedicated administrative area, two restrooms, three spacious exam rooms, multiple private offices, and substantial storage. The existing high-quality finish significantly reduces upfront tenant improvement costs. The entire building encompasses 10,900 square feet and features multiple tenancies. This location provides excellent visibility and accessibility within a thriving Cedar Falls commercial district. Net, Net, Net (NNN) expenses are estimated at $5.50 per square foot. This is a fantastic opportunity for a business seeking a move-in ready space with a functional design and convenient location. The property's existing layout and amenities offer immediate occupancy, minimizing downtime and maximizing return on investment. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1967
Total area 10,900 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Arcade & Gaming Center
  • (Bike/Boat/Book/etc) Store
  • Physician
  • Hair Salon Nail Salon

Location

2520 Melrose Dr Cedar Falls, IA 50613
Cedar Falls metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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