Financial
Distress signals
Property profile

2214 College St Cedar Falls, IA 50613

FOR LEASE
Turn key restaurants
Property ID
US25-0218772
1,946 SF 0.06 ac lot Built 1915
Last sale Jul 2023 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This for-lease restaurant/bar space is configured for food and beverage service and includes kitchen equipment to support operation without installing new major appliances. The interior layout is arranged for a bar-and-restaurant concept. The space is situated on a heavily trafficked street in a college-hill area, with a reported traffic count of about 6,300 vehicles and is located approximately one block from a college campus.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$215k
Assessed land$38k
Assessed improvement$177k
Effective rate3.14%

Value estimate

· Sep 2026
$320k
$288k – $352k
AI approach$315k
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$3k
Operating expenses−$7k
NOI · 591.03% cap applied$21k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$49 – $164

Cap rate analysis

How does the asset earn?
591.03%
$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBLACK HAWK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.0
Realty agency11.6
Auto Parts Store11.0

Location

2214 College St Cedar Falls, IA 50613
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6104 University, Cedar Falls, IA 50613-5241 $1,200,000 Feb 2026 2,829 SF
1828 Waterloo, Cedar Falls, IA 50613-4360 $325,000 Dec 2025 1,600 SF
412 Main, Cedar Falls, IA 50613-2828 $440,000 Jul 2025 1,769 SF
108 Main, Cedar Falls, IA 50613-2622 $550,000 Feb 2023 2,877 SF
315 Viking Plz, Cedar Falls, IA 50613-6937 $1,250,000 Feb 2021 2,028 SF
702 Main, Cedar Falls, IA 50613-2951 $275,000 Aug 2020 2,806 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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