Property profile

135 Ridgeway Ave Waterloo, IA 50702

OFF-MARKET
Grocery and convenience stores
Property ID
US25-0030474
10,957 SF 3.61 ac lot Built 2023
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2023
Total area 10,957 SF
Lot 3.61 ac (157,251 SF)
APN 8913-35-353-026
UPID US25-0030474

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash
  • Grocery & Convenience Store

Location

135 Ridgeway Ave Waterloo, IA 50702-5017
Waterloo metro Census 1200 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$910k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.20M

Owner & transaction history

since 2023
Last sale
$1.3M
2 recorded transactions
2023
$1.3M
2022
$612,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.4M +286.7%
Restaurant $940,000 +167.9%
Office building $880,000 +150.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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