2920 Texas St, Waterloo, IA 50702-2749
This exceptional commercial property at 2920 Texas Street, Waterloo, IA, presents a unique investment opportunity. Boasting 4,740 square feet on a 0.58-acre lot, this building is strategically located on a high-visibility corner with over 34,000 estimated daily vehicle traffic (per DOT data). The property features two spacious offices, ideal for administrative tasks or client meetings. A substantial workshop (77' x 34') provides ample space for various industrial, mechanical, or production uses. Additional space is available in a smaller room suitable for storage or extra workspace, complemented by a convenient bathroom. Extensive paved parking accommodates customers, employees, and delivery vehicles, including larger trucks. Two large garage doors at the front of the building further enhance its suitability for businesses requiring vehicle access, such as automotive or equipment-based operations. The property's flexible layout and prime location in a high-traffic area make it an attractive option for businesses seeking to establish or expand their operations in a highly accessible and visible location within Waterloo. The asking price is $690,000.
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Watco Construction Inc General Contractor Construction Company
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Shift Truck & Trailer Repair Trucking Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.