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Property profile & analytics
FOR SALE
Warehouses

106 E 9Th St Waterloo, IA 50703

4,475 SF 0.22 ac lot Built 1945
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0276842
Property summary
AI-generated overview

This 4,475 square foot vacant industrial flex space, located at 106 E 9th St, Waterloo, IA 50703, presents a compelling investment opportunity. The single-story, 1945-built building sits on a 9,700 square foot lot and features a 12-foot ceiling height. Currently vacant, the property offers immediate occupancy from July 27, 2024, and is ideal for storage, construction, or a small business. The building boasts a newer roof and ample parking with 25 spaces. The property is classified as Class C, with a net lease type, and is zoned for commercial use. The asking price is $169,900, translating to $37.97 per square foot. The property has two previous tenants and is being sold by the owners, Michael & Sherie Taylor. This stabilized investment opportunity provides a solid foundation for future growth and income generation. The property's location in Waterloo, Iowa, offers convenient access to transportation and local amenities. The sale includes the entire building and land.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1945
Total area 4,475 SF
Lot 0.22 ac (9,700 SF)
APN 8913-25-179-011
UPID US25-0276842
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michael J Taylor · 7 yrs held
Michael J Taylor
since 2019
3 recorded transactions
2024
Price N/A
2019
$75,000
2011
$40,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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