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    1416 Starview Dr Cedar Falls, IA 50613
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    Property profile & analytics

    1416 Starview Dr Cedar Falls, IA 50613

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    • Residential income homes
    Off-Market
    Property ID
    US25-0365535
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1416 Starview Dr

    Property type
    Residential income homes

    Description

    This exceptional Class A, two-unit multifamily property located at 1416 Starview Dr, Cedar Falls, IA 50613, presents a compelling investment opportunity. Currently boasting 100% occupancy, this newly renovated duplex offers a strong cash flow with a 10% cap rate. The asking price is $289,900, translating to $144,950 per unit. Each unit features a full kitchen and bathroom, making them highly desirable rental properties. The upper unit comprises four bedrooms, while the lower unit offers three bedrooms. Current monthly rental income totals $3175 ($1600 upper, $1575 lower). The property includes a double detached garage and a rear deck, adding to its appeal. Situated near a college campus, this duplex benefits from a strong rental market, attracting both students and families. The property sits on ground leased land, with the lease expiring on May 25, 2024. This turnkey investment is ideal for those seeking immediate income and strong return on investment. The property's recent renovations ensure minimal maintenance needs, maximizing profitability. Don't miss this chance to acquire a high-performing asset in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.4623656
    Latitude
    42.5061112

    Comparable in this City

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      Cedar Falls Multifamily Investment Property

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      Cedar Falls Duplex Near UNI

      Well-maintained duplex near UNI with historical rental income.
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      Cedar Falls Duplex Investment Opportunity

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      Cedar Falls Duplex Near UNI

      Updated duplex near UNI campus with income potential.
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      Cedar Falls Duplex For Sale

      Duplex in Cedar Falls, Iowa with great cashflow.
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    Similar Nearby for Sale

    • $270,000
      0.24 Acres

      Cedar Falls 4-Plex Investment Opportunity

      Four-unit multifamily property with strong rental income potential.
      706 W 12Th St, Cedar Falls, IA 50613
      View Details
    • $295,000
      0.13 Acres

      Cedar Falls Multifamily Investment Property

      Multifamily property near UNI campus with consistent revenue.
      2503 Olive St, Cedar Falls, IA 50613
      View Details
    • $245,000
      0.20 Acres

      Cedar Falls Duplex Near UNI

      Well-maintained duplex near UNI with historical rental income.
      2122 Olive St, Cedar Falls, IA 50613
      View Details
    • New
      $260,000
      0.20 Acres

      Cedar Falls Duplex Investment Opportunity

      Fully rented duplex in Cedar Falls with off-street parking.
      920 W 2Nd St, Cedar Falls, IA 50613
      View Details
    • New
      $275,000
      0.20 Acres

      Cedar Falls Duplex Near UNI

      Updated duplex near UNI campus with income potential.
      2126-2128 Olive St, Cedar Falls, IA 50613
      View Details
    • $165,000
      0.10 Acres

      Cedar Falls Duplex For Sale

      Duplex in Cedar Falls, Iowa with great cashflow.
      721 Olive St, Cedar Falls, IA 50613
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr

      Main Street Retail/Office Space

      Office or retail space for lease with great frontage.
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    • Contact for pricing

      High Visibility Retail Space Available

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      The Bluffs Retail Center

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      Chalet Center Office Space

      Office space for rent in Cedar Falls, Iowa.
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      Downtown Cedar Falls Office Space

      Professional office space in a prime Cedar Falls location.
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      Cedar Falls Office/Storage Space

      4906 sq ft office or storage/warehouse space for rent.
      4807 University Ave, Cedar Falls, IA 50613
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    Cedar Falls, IA 50613
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    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
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