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Property profile & analytics
OFF-MARKET Estimated value $16,835,000
Commercial kitchens

250 Westfield Ave Waterloo, IA 50701-5305

197,968 SF 6.1 ac lot Built 1947
Entity Owned Absentee Owner Free & Clear
Property ID
US25-2350459
Property summary
AI-generated overview

This exceptional office opportunity is located within the revitalized Courtyard by Marriott hotel, offering unparalleled convenience and prestige. Situated near Deere & Company's Drive Train Operations, Foundry, and Museum, as well as downtown Waterloo, this location boasts high visibility and accessibility. The property features a total of 198,000 square feet on a 6.1-acre lot, zoned M-2 and P. Currently, there are two available office spaces ranging from 1,264 square feet to 12,000 square feet, perfect for businesses seeking flexible and adaptable work environments. The building's diverse tenant mix includes a restaurant and pub, creating a vibrant and dynamic atmosphere. The property's address is conveniently located near US Highway 218, ensuring easy access for employees and clients. This is a rare opportunity to secure high-quality office space in a prime location with excellent amenities and strong community ties. The property's parcel number is 891323378016, and it's located in Black Hawk County. The building offers a variety of office space options, including executive, traditional, and creative office suites, catering to diverse business needs. This is an ideal location for businesses seeking a professional and convenient workspace in a thriving area.

Property profile
Verified
Property type Commercial kitchens
Use group TAKE-OUT RESTAURANT
Year built 1947
Total area 197,968 SF
Lot 6.1 ac (265,716 SF)
APN 8913-23-378-016
UPID US25-2350459
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
  • Starbecks Smokehouse Restaurant
  • Courtyard Waterloo Cedar Falls Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.59M
Blend (final) Blend
$16.84M
Owner & transaction history
Waterloo Development Corporation
Waterloo Development Corporation
since 2026
5 recorded transactions
2026
Price N/A
2026
Price N/A
2024
Price N/A
2023
Price N/A
2016
$650,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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