Property profile

1620 1st St Cedar Falls, IA 50613

OFF-MARKET
Grocery and convenience stores
Property ID
US25-0227947
4,587 SF 0.85 ac lot Built 2023
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2023
Total area 4,587 SF
Lot 0.85 ac (36,938 SF)
APN 8914-11-251-008
UPID US25-0227947

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
  • Take-out & Catering

Location

1620 1st St Cedar Falls, IA 50613-1763
Cedar Falls metro Census 2200 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$377k
Blend (final) Blend
$530k

Owner & transaction history

since 2023
Last sale
$556,500
2 recorded transactions
2023
Price N/A
2023
$556,500

Zoning & alternative use

Top alternative use upside
Warehouse, storage $475,000 +111.4%
Commercial (general) $385,000 +70.6%
Auto repair, garage $375,000 +67.3%

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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