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    Property profile & analytics

    1608 University Ave Waterloo, IA 50701-2407

    • Strip malls
    • 12,611 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-0306459
    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

    • Greenleaf tobacco & Vape / Smoke Shop
    • Family Dollar / Toy Store / Wine Store
    • Papa Johns Pizza / Pizza Restaurant

    Property Details for 1608 University Ave

    Year built
    2021
    Construction
    BRICK
    Lot size
    1.28 lot acres
    Property size
    12,611 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    8913-27-132-015
    APU
    891327132015

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3678
    Latitude
    42.4967
    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
    $54,190
    $399,700
    $1,300,300
    $1,700,000
    -
    $399,700
    $1,300,300
    $1,700,000

    Comparable in this City

    • Value Estimation by Request
      6,080 SF

      3821 University Ave

      SHOPPING CENTER, STRIP CENTER • 6,080 SF
      3821 University Ave, Waterloo, IA 50701-5645
      View Details
    • Value Estimation by Request
      9,246 SF

      205 Tower Park Dr

      SHOPPING CENTER, STRIP CENTER • 9,246 SF
      205 Tower Park Dr, Waterloo, IA 50701-9321
      View Details
    • Value Estimation by Request
      6,018 SF

      715 Progress Ave

      SHOPPING CENTER, STRIP CENTER • 6,018 SF
      715 Progress Ave, Waterloo, IA 50701-3224
      View Details
    • Value Estimation
      $200,000
      3,428 SF

      1451 Ansborough Ave

      SHOPPING CENTER, STRIP CENTER • 3,428 SF
      1451 Ansborough Ave, Waterloo, IA 50701-3430
      View Details
    • Value Estimation by Request
      8,859 SF

      3026 Ansborough Ave

      SHOPPING CENTER, STRIP CENTER • 8,859 SF
      3026 Ansborough Ave, Waterloo, IA 50701-4422
      View Details
    • Value Estimation
      $330,000
      5,426 SF

      910 Decathlon Dr

      SHOPPING CENTER, STRIP CENTER • 5,426 SF
      910 Decathlon Dr, Waterloo, IA 50701-3441
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      5,008 SF

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      Prime Retail Space, 5008 sq ft, Iowa.
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    • $17 SF/Yr
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      Prime Waterloo CBD location, move-in ready office.
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      Former Hancock Fabrics Retail Store

      17,422 SF retail space with high visibility and traffic.
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      Waterloo Retail Space: Prime Location

      8,459 SF Retail Space - Available Now
      3551 University Ave, Waterloo, IA 50701
      View Details

    Property Visit Statistics

    • Visits by month
      8.8k
    • Visitors by month
      6.3k
    • Avg Time on site
      12 min
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    1608 University Ave
    Waterloo, IA 50701-2407
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    Realmo Value Estimation

    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.

    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.

    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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