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Property profile & analytics
FOR SALE
Strip malls

2060 Sovia Dr Waterloo, IA 50702

82,449 SF 10.62 ac lot Built 1975
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1226307
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Total area 82,449 SF
Lot 10.62 ac (462,607 SF)
APN 8813-02-201-016
UPID US25-1226307
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
  • One Vision Thrift Store - Waterloo Discount Store
  • Planet Fitness Gym & Fitness Center
  • Waterloo Driver's License Station - By Appointment Driver'S License Office Department Of Motor Vehicles
  • American Freight Furniture, Mattress, Appliance Furniture & Home Goods Home Decor Store
  • Conspiratorial Portable Toilets Waterloo Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.13M
Owner & transaction history
Crossing Point LLC · 1 yrs held
Crossing Point LLC
since 2024
2 recorded transactions
2024
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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