2011 Falls AveWaterloo, IA 50701

Property Details for 2011 Falls Ave

Year built

1961

Construction

FRAME

Lot size

0.23 AC

Property size (Sq ft)

1,976 SF

Property type

Office properties

Property subtype

Office buildings

APN

8913-22-384-003

APU

891322384003

Description

This 1,974 square foot Class A commercial property at 2011 Falls Ave, Waterloo, IA 50701, is a single-tenant building offering exceptional flexibility. Built in 1961 and renovated in 2001, this one-story structure sits on a 0.23-acre lot (10,000 sq ft) and is zoned C1. The property boasts a variety of potential uses, including traditional office, coworking, creative office, executive office, warehouse, and flex space. Currently vacant, it's immediately available for occupancy. The building features eight parking spaces and an ADA-compliant bathroom. Its prime Falls Avenue location provides excellent signage opportunities and convenient access. The estimated annual NNNs are $3.58 per square foot. This property presents a unique opportunity for businesses seeking a versatile, affordable, and conveniently located space in Waterloo, Iowa. The building's adaptable layout allows for various configurations, making it suitable for a wide range of businesses, from professional services to light industrial uses. Its combination of office and potential warehouse space provides a unique advantage in the market. The ample parking further enhances its appeal. Don't miss this chance to secure a prime location for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $325,271

  6.5%

  $300,250

  7%

  $278,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $100,855

  Geo Method

  $100,855

• Alternative Use

  Use

  Valuation

  Residential

  $372,311

  Hospitality

  $341,035

  Educational

  $283,737

  Medical

  $293,495

  Retail

  $441,368

Location Insight

City

Waterloo

County

Black Hawk

State

Iowa

Latitude

42.4995

Longitude

-92.3719

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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