106 E 9Th St Waterloo, IA 50703
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.