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    Property profile & analytics

    1831 Independence Ave Waterloo, IA 50707-2525

    • Bars
    • 1,540 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Location Intelligence
    Property ID
    US25-0415098
    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

    • Half Pint Saloon / Bar

    Property Details for 1831 Independence Ave

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    1,540 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    8912-19-482-005
    APU
    891219482005

    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
    -92.3018
    Latitude
    42.4987
    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
    $2,000
    $12,860
    $87,190
    $100,050
    -
    $12,860
    $87,190
    $100,050

    Comparable in this City

    • Value Estimation
      $275,000
      2,892 SF

      827 Central Ave

      BAR, TAVERN • 2,892 SF
      827 Central Ave, Evansdale, IA 50707-1615
      View Details
    • Value Estimation
      $280,000
      1,475 SF

      3420 Lafayette Rd

      BAR, TAVERN • 1,475 SF
      3420 Lafayette Rd, Evansdale, IA 50707-1023
      View Details
    • Value Estimation
      $230,000
      4,824 SF

      3904 Lafayette Rd

      RESTAURANT • 4,824 SF
      3904 Lafayette Rd, Evansdale, IA 50707-1220
      View Details
    • Value Estimation
      $265,000
      5,254 SF

      3521 Lafayette Rd

      RESTAURANT • 5,254 SF
      3521 Lafayette Rd, Evansdale, IA 50707-1024
      View Details
    • Value Estimation by Request
      5,164 SF

      350 Evansdale Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,164 SF
      350 Evansdale Dr, Elk Run Heights, IA 50707-2172
      View Details
    • Value Estimation by Request
      3,238 SF

      400 Evansdale Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,238 SF
      400 Evansdale Dr, Elk Run Heights, IA 50707-2174
      View Details

    Similar Nearby for Sale

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      Commercial property in Evansdale with truck hoist and ample parking.
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    • $125,000
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      Five-unit multifamily property in Waterloo, Iowa, for sale.
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    • $30,000
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      Residential Lot in Evansdale, IA

      Affordable residential lot available in Evansdale, Iowa.
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    • Contact for pricing
      0.39 Acres

      Residential Lot in Evansdale, Iowa

      Desirable residential lot with city water and a well.
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    1831 Independence Ave
    Waterloo, IA 50707-2525
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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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