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Property profile & analytics
OFF-MARKET
Office buildings

2011 Fls Ave Waterloo, IA 50701-2359

1,976 SF 0.23 ac lot Built 1961
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US25-0230562
Property summary
AI-generated overview

This 1,974 square foot Class A commercial property at 2011 Falls Ave, Waterloo, IA 50701, is a single-tenant building offering exceptional flexibility. Built in 1961 and renovated in 2001, this one-story structure sits on a 0.23-acre lot (10,000 sq ft) and is zoned C1. The property boasts a variety of potential uses, including traditional office, coworking, creative office, executive office, warehouse, and flex space. Currently vacant, it's immediately available for occupancy. The building features eight parking spaces and an ADA-compliant bathroom. Its prime Falls Avenue location provides excellent signage opportunities and convenient access. The estimated annual NNNs are $3.58 per square foot. This property presents a unique opportunity for businesses seeking a versatile, affordable, and conveniently located space in Waterloo, Iowa. The building's adaptable layout allows for various configurations, making it suitable for a wide range of businesses, from professional services to light industrial uses. Its combination of office and potential warehouse space provides a unique advantage in the market. The ample parking further enhances its appeal. Don't miss this chance to secure a prime location for your business.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1961
Construction FRAME
Total area 1,976 SF
Lot 0.23 ac (10,000 SF)
APN 8913-22-384-003
UPID US25-0230562
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • EASTERN IOWA CLAIMS Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Black Hawk LLC · 1 yrs held
Black Hawk LLC
since 2024
Last sale
$150,000
2 recorded transactions
2024
$150,000
2011
$90,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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