1005 Maynard Ave Waterloo, IA 50701-1837
Property profile & analytics
1005 Maynard Ave Waterloo, IA 50701-1837
- Warehouses
- 4,000 SF
- 1.12 lot acres
Property ID
US25-0143836
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 1005 Maynard Ave
- Year built
- 2023
- Construction
- FRAME
- Lot size
- 1.12 lot acres
- Property size
- 4,000 SF
- Property type
- Warehouses
- APN
- 8913-21-284-015
- APU
- 891321284015
Description
This exceptional Class A warehouse property, located at 1005 Maynard Ave, Waterloo, IA 50701, presents a compelling redevelopment opportunity. The 4,000 square foot building, constructed in 2023, sits on a substantial 48,787 square foot lot and features 14 dock-high doors and a 16-foot ceiling height. Currently configured as four individual units, each with four parking spaces, the property boasts a 25% occupancy rate, with full occupancy projected by November 5, 2024. The current asking price is $529,900, representing a price per unit of $132,475. The property's current Net Operating Income (NOI) is $43,200, yielding a 3.00% cap rate. However, the pro-forma NOI is projected at $43,200, resulting in a significantly higher pro-forma cap rate of 8.15%. The property is offered as a net lease and is currently multi-tenant. The single-story building offers significant expansion potential, with the possibility of constructing additional units. This is a rare opportunity to acquire a well-located, high-potential industrial storage facility in a growing market. The property is fenced and secured with a code gate. Ownership is held by MICHAEL & SHERIE TAYLOR.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.3781
- Latitude
- 42.5066
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,695
$95,400
$120,490
$215,890
-
$95,400
$120,490
$215,890
