Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1111 Ctr St Cedar Falls, IA 50613-1410

    • Turn key restaurants
    • 5,319 SF
    • 3.56 lot acres
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0438902
    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.

    Current Use by Public Records

    • Cedar Falls Brown Bottle / Bar / Italian Restaurant

    Property Details for 1111 Ctr St

    Year built
    1960
    Construction
    CONCRETE BLOCKS
    Lot size
    3.56 lot acres
    Property size
    5,319 SF
    Property type
    Turn key restaurants
    APN
    8914-01-326-003
    APU
    891401326003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $260,000
      Market price range: $261k - $875k
      AI Estimate
      $270,000
      Market price range: $271k - $648k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.4496
    Latitude
    42.547
    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
    $8,576
    $113,400
    $241,800
    $355,200
    -
    $113,400
    $241,800
    $355,200

    Comparable in this City

    • Value Estimation
      $210,000
      4,066 SF

      4129 University Ave

      RESTAURANT • 4,066 SF
      4129 University Ave, Cedar Falls, IA 50613-6214
      View Details
    • Value Estimation
      $250,000
      1,806 SF

      623 18th St

      RESTAURANT • 1,806 SF
      623 18th St, Cedar Falls, IA 50613-4318
      View Details
    • Value Estimation
      $670,000
      3,945 SF

      108 4th St

      RESTAURANT • 3,945 SF
      108 4th St, Cedar Falls, IA 50613-2826
      View Details
    • Value Estimation
      $230,000
      2,956 SF

      2020 College St

      RESTAURANT • 2,956 SF
      2020 College St, Cedar Falls, IA 50613-3618
      View Details
    • Value Estimation
      $260,000
      3,196 SF

      2016 College St

      RESTAURANT • 3,196 SF
      2016 College St, Cedar Falls, IA 50613-3693
      View Details
    • Value Estimation
      $320,000
      1,946 SF

      2214 College St

      RESTAURANT • 1,946 SF
      2214 College St, Cedar Falls, IA 50613-3622
      View Details

    Similar Nearby for Sale

    • $535,000
      Pending

      Iconic Victorian Landmark in Cedar Falls

      Historic multiuse property with ballroom, commercial kitchen, and charming details.
      304 W Clay St, Cedar Falls, IA 50613
      View Details
    • $945,000
      0.38 Acres

      Cedar Falls Car Wash Opportunity

      Operating car wash or future building site in Cedar Falls.
      1408 1St St, Cedar Falls, IA 50613
      View Details
    • Contact for pricing
      0.70 Acres

      Retail Space in Downtown Cedar

      2,200 sq ft retail space in Cedar Falls, Iowa.
      319 Main St, Cedar Falls, IA 50613
      View Details
    • Contact for pricing
      0.20 Acres

      Restored Office/Retail Space For Sale

      Restored two-story office or retail space near downtown.
      215 Franklin St, Cedar Falls, IA 50613
      View Details
    • $319,900
      0.07 Acres

      Retail Property Near College

      Retail space near college, suitable for various business ventures.
      2217 College St, Cedar Falls, IA 50613
      View Details
    • $1,176,000

      Ridgeway Ave Commercial Land

      High-traffic Cedar Falls corner lot. Ideal for mixed-use development.
      2115 Ridgeway Ave, Cedar Falls, IA 50613
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      8,467 SF

      The Bluffs Retail Center

      Cedar Falls prime retail space, 4 suites available.
      0 Brandilynn Blvd, Cedar Falls, IA 50613
      View Details
    • Contact for pricing
      5,000 SF

      Brandilynn Blvd Retail Opportunity

      High-visibility, 5,000 SF freestanding restaurant space.
      0 Brandilynn Blvd And Pinnacle Pr Pkwy, Cedar Falls, IA 50613
      View Details
    • $1,000 /Mo
      17,424 SF

      Downtown Cedar Falls Retail/Office Space

      Premiere retail or office space in downtown Cedar Falls.
      602 State St, Cedar Falls, IA 50613
      View Details
    • $252 SF/Yr
      48,888 SF

      Main Street Retail Space Available

      Prime Cedar Falls Retail Space - 4,390 SF
      2300 Main St, Cedar Falls, IA 50613
      View Details
    • $11 SF/Yr
      8,331 SF

      Midway Mall Retail Center

      Cedar Falls Retail/Office Space Available
      4116 University Ave, Cedar Falls, IA 50613
      View Details
    • $12 SF/Yr
      96,191 SF

      Retail/Office Space at Thunder Ridge

      Retail/Office space available in Cedar Falls shopping mall.
      2302 W 1St St, Cedar Falls, IA 50613
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1111 Ctr St
    Cedar Falls, IA 50613-1410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.