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    2300 Main St Cedar Falls, IA 50613
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    Property profile & analytics

    2300 Main St Cedar Falls, IA 50613

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    • Retail space
    • 59,964 SF
    • 3.57 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Main Street Retail/Office Space For Lease
    $21 SF/Yr

    Main Street Retail/Office Space

    Office or retail space for lease with great frontage.

    2300 Main St, Cedar Falls, IA 50613
    View Listing
    Property ID
    US25-1151354
    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

    • Dan Deery Detail & Reconditioning Center / Auto Repair Shop

    Property Details for 2300 Main St

    Year built
    1954
    Lot size
    3.57 lot acres
    Property size
    59,964 SF
    Property type
    Retail space
    APN
    8914-13-451-031
    APU
    891413451031

    Description

    This exceptional 4,390 square foot retail space is situated at 2300 Main Street, Suite 3, in the thriving city of Cedar Falls, Iowa. Located within a larger building totaling 48,888 square feet, this unit benefits from a highly visible Main Street frontage, offering excellent signage opportunities for increased brand awareness. The space is newly constructed or remodeled as part of a significant building renovation, ensuring modern amenities and a fresh aesthetic. Its M-1 zoning allows for a variety of retail uses, making it an adaptable and versatile option for businesses seeking a prominent location. The property boasts convenient access for both customers and employees, enhancing its overall appeal. This space is ready for immediate occupancy and can be customized to meet the specific needs of the tenant. The building is located in Black Hawk County, Iowa, with a zip code of 50613. This is a rare opportunity to secure a high-profile retail space in a dynamic and growing community. The property's location on Main Street provides exceptional visibility and accessibility, making it an ideal choice for businesses seeking to establish a strong presence in Cedar Falls. The space is currently available for lease and is ready for build-out to suit your business requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,843,000
      Market price range: $1.84M - $6.14M
      AI Estimate
      $1,508,000
      Market price range: $1.51M - $5.87M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.4449
    Latitude
    42.5166
    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
    2022
    $52,050
    $709,690
    $1,016,750
    $1,726,440
    -
    $709,690
    $1,016,750
    $1,726,440

    Comparable in this City

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      6027 University Ave

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      114 5th St

      RETAIL STORES (PERSONAL SERVICES) • 17,334 SF
      114 5th St, Cedar Falls, IA 50613-2860
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    • Value Estimation by Request
      1,696 SF

      2215 College St Ste A

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      702 Main St

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      305 Roosevelt St

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      Main Street Retail/Restaurant Opportunity

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      Cedar Falls Car Wash Opportunity

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      Operating Car Wash Investment Opportunity

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      Restored Office/Retail Space For Sale

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    Similar Nearby for Lease

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      Retail Space Available For Rent

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      Retail Space Available For Rent

      2,326 SF retail space available now for lease.
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      Light Industrial Storage Condo For Rent

      Newer light industrial storage condo in Cedar Falls, Iowa.
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      Retail Space in Cedar Falls

      Retail space available for lease in Cedar Falls, Iowa.
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    • $11 SF/Yr
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      University Avenue Retail End-Cap Suite

      Centrally located retail/office suite on University Avenue available for rent.
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      Prime Retail Space on College Hill

      Retail space in high-traffic area near University of Northern Iowa.
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    Cedar Falls, IA 50613
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    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.

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