Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2180 Logan Ave Waterloo, IA 50703-1006

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2180 Logan Ave Waterloo, IA 50703-1006

    View on Map
    • Self service car washes
    • 4,120 SF
    • 0.56 lot acres
    Off-Market
    Property ID
    US25-0189581
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Self service car washes

    Property Details for 2180 Logan Ave

    Year built
    2003
    Lot size
    0.56 lot acres
    Property size
    4,120 SF
    Property type
    Self service car washes
    APN
    8913-12-351-012
    APU
    891312351012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3369
    Latitude
    42.5304
    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
    $15,911
    $219,920
    $262,740
    $482,660
    -
    $219,920
    $262,740
    $482,660

    Comparable in this City

    • Value Estimation
      $1,110,000
      14,400 SF

      720 Elk Run Rd

      CAR WASH - SELF-SERVE • 14,400 SF
      720 Elk Run Rd, Waterloo, IA 50703-9388
      View Details
    • Value Estimation by Request
      726 SF

      1801 Lafayette St

      SERVICE STATION (FULL SERVICE) • 726 SF
      1801 Lafayette St, Waterloo, IA 50703-5025
      View Details
    • Value Estimation
      $1,130,000
      11,133 SF

      1329 Longfellow Ave

      AUTO REPAIR, GARAGE • 11,133 SF
      1329 Longfellow Ave, Waterloo, IA 50703-1431
      View Details
    • Value Estimation by Request
      952 SF

      4007 Independence Ave

      AUTO REPAIR, GARAGE • 952 SF
      4007 Independence Ave, Waterloo, IA 50703-9317
      View Details
    • Value Estimation by Request
      2,790 SF

      1645 Lafayette St

      AUTO REPAIR, GARAGE • 2,790 SF
      1645 Lafayette St, Waterloo, IA 50703-4907
      View Details
    • Value Estimation by Request
      2,880 SF

      2006 Dubuque Rd

      AUTO REPAIR, GARAGE • 2,880 SF
      2006 Dubuque Rd, Waterloo, IA 50703-5400
      View Details

    Similar Nearby for Sale

    • $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
    • $189,900
      4,475 SF

      Downtown Waterloo Commercial Building

      4,475 sq ft commercial building in downtown Waterloo, Iowa.
      106 E 9Th St, Waterloo, IA 50703
      View Details
    • $125,000
      1,327 SF

      Corner Commercial Property in Waterloo

      Commercial property with income, flexibility, and high traffic exposure.
      435 W Parker St, Waterloo, IA 50703
      View Details
    • $465,000
      5,000 SF

      Corner Commercial Building in Waterloo

      5,000 SF commercial building on a large corner lot.
      1145 W Donald St, Waterloo, IA 50703
      View Details
    • $125,000
      0.15 Acres

      Functional Commercial Space in Waterloo

      Affordable, versatile commercial space with accessibility and value.
      440 W Parker 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
    • $1,100 /Mo
      12,000 SF

      Downtown Waterloo Renovated Office/Retail Space

      Newly renovated office/retail space in Downtown Waterloo.
      614 Mulberry St, Waterloo, IA 50703
      View Details
    • Contact for pricing

      Renovated Retail/Office Suites Near Park

      Prime retail/office suites in downtown Waterloo, across from Lincoln Park.
      425 Franklin St, Waterloo, IA 50703
      View Details
    • $1,200 /Mo
      3,485 SF

      Waterloo Commercial Space For Rent

      Warehouse/commercial space with updated office in high-traffic location.
      110 Vinton St, Waterloo, IA 50703
      View Details
    • Contact for pricing

      Downtown Waterloo Office Space Available

      Second-story office space with downtown views and parking.
      604 Lafayette St, Waterloo, IA 50703
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for single tenant occupancy.
      81 Sycamore St, 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.
    2180 Logan Ave
    Waterloo, IA 50703-1006
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!