2060 Sovia Dr Waterloo, IA 50702
For Sale
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This exceptional retail opportunity encompasses 18,120 square feet of newly updated interior space within a 56,800-square-foot multi-tenant building located at 2060 Sovia Drive #112, Waterloo, Iowa, 50702. Situated in a thriving strip center, this property benefits from high visibility and strong traffic flow, boasting ample parking for customers and employees. The space is priced at $12.00 per square foot, triple net (NNN). A significant advantage is the inclusion of a loading door, providing convenient access for deliveries and inventory management. Furthermore, the property features valuable warehouse storage space located at the rear of the building, offering additional utility and flexibility for various business needs. The building itself was constructed in 1975 and is located in Black Hawk County. The property's strategic location adjacent to a Target store ensures high foot traffic and exposure to a substantial customer base. This is an ideal location for businesses seeking a well-maintained, high-traffic retail space with convenient amenities.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.