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Property profile

2530 University Ave Waterloo, IA 50701

Office buildings
Property ID
US25-2408841
View Sample
25,439 SF 1.94 ac lot Built 1959
Entity Owned 5-yr Hold Free & Clear

Property summary

AI-generated overview

This 25,439 square foot, multi-tenant office building, located at 2530 University Ave, Waterloo, IA 50701, presents a unique leasing opportunity. Built in 1959 and situated on 2.62 acres, this C-2 zoned property (APN 891328227036) offers a 4,763 square foot suite currently available. The building is conveniently located in the University Avenue corridor, adjacent to New Maple Lanes. The available suite includes private offices, a meeting room, restroom, and reception area. Building amenities include shared boardroom, training rooms, secure storage, daily janitorial service, and an on-site property manager. This property is specifically designed for qualifying 501(c)(3) organizations, resulting in a highly favorable full-service lease rate of $8.00 per square foot. Tenant is responsible for suite janitorial services, internet, and phone. A total of 772 square feet is currently vacant within the building. This is an exceptional opportunity for a non-profit seeking a well-maintained and amenity-rich office space in a desirable Waterloo location. Contact us today to schedule a viewing.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Construction CONCRETE BLOCKS
Total area 25,439 SF
Lot 1.94 ac (84,593 SF)
APN 8913-28-227-040
UPID US25-2408841

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Charitable Organization Social Service Agency
  • Charitable Organization Social Service Agency
  • Charitable Organization Social Service Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$1.11M

Owner & transaction history

since 2020
Last sale
$19,000
1 recorded transaction
2020
$19,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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