Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1850 Airline Hwy Waterloo, IA 50703-9698

    • Bars
    • 6,580 SF
    • 2.97 lot acres
    OFF-MARKET
    Value Estimation
    $415,000
    Last Sale
    May 03, 2022
    $455,939
    Location Intelligence
    Property ID
    US25-0337703
    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

    • The Pony - Waterloo Strip Club / Adult Entertainment Club
    • Lover's World Adult Superstore / Adult Entertainment Store
    • Fantasy Theatre Adult Store / Adult Entertainment Store / Adult Entertainment Club

    Property Details for 1850 Airline Hwy

    Year built
    1978
    Lot size
    2.97 lot acres
    Property size
    6,580 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    8913-03-351-008
    APU
    891303351008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $490,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $480,000
      Mixed-Use
      $400,000
      Hospitality
      $450,000
      Educational
      $500,000
      Residential Income
      $410,000
      Energy
      $370,000
      Income-Based Land
      $375,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3751
    Latitude
    42.5428
    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
    $10,420
    $87,350
    $253,850
    $341,200
    -
    $87,350
    $253,850
    $341,200

    Comparable in this City

    • Value Estimation by Request
      2,080 SF

      205 Adams St

      BAR, TAVERN • 2,080 SF
      205 Adams St, Waterloo, IA 50703-3041
      View Details
    • Value Estimation by Request
      1,454 SF

      210 Division St

      BAR, TAVERN • 1,454 SF
      210 Division St, Waterloo, IA 50703-4902
      View Details
    • Value Estimation
      $215,000
      4,969 SF

      110 11th St

      BAR, TAVERN • 4,969 SF
      110 11th St, Waterloo, IA 50703-4830
      View Details
    • Value Estimation
      $295,000
      1,843 SF

      324 4th St Sta, Unit A

      BAR, TAVERN • 1,843 SF
      324 4th St Sta, Waterloo, IA 50703-4764
      View Details
    • Value Estimation
      $75,000
      3,000 SF

      726 Logan Ave

      BAR, TAVERN • 3,000 SF
      726 Logan Ave, Waterloo, IA 50703-3740
      View Details
    • Value Estimation
      $210,000
      1,584 SF

      501 Independence Ave

      BAR, TAVERN • 1,584 SF
      501 Independence Ave, Waterloo, IA 50703-4113
      View Details

    Similar Nearby for Sale

    • $800,000
      1,942 SF

      Waterloo Commercial Property: Prime Location

      Vacant C-Class building, high potential.
      0 2073 Logan, Waterloo, IA 50703
      View Details
    • Contact for pricing
      0.18 Acres

      Waterloo Bar/Restaurant Opportunity

      Bar/Restaurant property in Waterloo, Iowa. Selling as is.
      328 Elm St, Waterloo, IA 50703
      View Details
    • $132,000
      0.28 Acres

      Established Bar with Updates

      Well-known bar in Waterloo with recent updates and parking.
      306 Park Rd, Waterloo, IA 50703
      View Details
    • $139,900
      0.22 Acres

      Waterloo Commercial Property For Sale

      Versatile commercial property with high visibility and flexible usage options.
      435 W Parker Ave, Waterloo, IA 50703
      View Details
    • $465,000
      5,000 SF

      Waterloo Commercial Building For Sale

      5,000 SF commercial building on 0.58 acres in Waterloo.
      1145 W Donald St, Waterloo, IA 50703
      View Details
    • $299,500
      0.28 Acres

      Downtown Waterloo Corner-Lot Property

      Versatile corner-lot property in Downtown Waterloo with office and retail space.
      308 E 7Th St, Waterloo, IA 50703
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      1,500 SF

      Downtown Waterloo Office Space

      Historic Charm, Prime Location, 1500 sq ft
      112 4Th St, Waterloo, IA 50703
      View Details
    • $16 SF/Yr
      14,874 SF

      Downtown Waterloo Office Suites

      Prime renovated office space, 2 suites available
      425 Franklin St, Waterloo, IA 50703
      View Details
    • $18 SF/Yr
      12,000 SF

      Downtown Waterloo Retail Space

      Newly Renovated Office/Retail Suite - 718 SF
      614 Mulberry St, Waterloo, IA 50703
      View Details
    • $46 SF/Yr
      4,000 SF

      Downtown Waterloo Office Space

      4,000 sq ft Office, Prime Location
      604 Lafayette St, Waterloo, IA 50703
      View Details
    • $4 SF/Yr
      6,400 SF

      Warehouse Space for Lease in Waterloo

      6,400 SF Warehouse - Excellent Location
      1800 Burton Ave, Waterloo, IA 50703
      View Details
    • $5 SF/Yr
      132,858 SF

      Waterloo Industrial Space For Lease

      Versatile industrial property in Waterloo's established industrial corridor.
      3050 Wagner Rd, Waterloo, IA 50703
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1850 Airline Hwy
    Waterloo, IA 50703-9698
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.