Financial
Distress signals
Property profile

4000 University Ave Waterloo, IA 50701

OFF-MARKET
Retail space
Property ID
US25-0197215
65,668 SF 8.37 ac lot Built 1992
Last sale Jan 2022 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a former HyVee grocery store located on University Avenue in Waterloo, Iowa. It includes a substantial existing commercial building footprint and a large on-site parking field that provides parking capacity for current use and potential future redevelopment. The property has direct access from University Avenue, and roadway construction along University Avenue was completed in 2019, supporting ongoing access and circulation. The site is configured to accommodate continued commercial use or redevelopment through a new or revised site plan.

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?
$70k
Tax billed · 2023
Assessed value · 2024$3.46M
Assessed land$848k
Assessed improvement$2.61M
Effective rate2.01%

Value estimate

· Sep 2026
$1.45M
$1.30M – $1.59M
AI approach$1.81M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$67/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$36 – $104

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 Firm13.3
Restaurant11.9
HVAC Service10.8

Location

4000 University Ave Waterloo, IA 50701-5656
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
316 3rd, Waterloo, IA 50701-1413 $180,500 Jan 2026 7,656 SF
2761 University, Waterloo, IA 50701-3333 $2,259,500 Mar 2025 10,000 SF
2415 K Line, Waterloo, IA 50701-9729 $850,000 May 2024 12,124 SF
510 5th, Waterloo, IA 50701-1522 $150,000 Apr 2023 11,520 SF
42 Tower Park, Waterloo, IA 50701-9012 $325,000 Dec 2022 7,200 SF
3910 University, Waterloo, IA 50701-5642 $4,000,000 Jan 2021 13,422 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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