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Property profile

2920 Texas St Waterloo, IA 50702

Flex space
Property ID
US25-0229462
View Sample
4,740 SF 0.58 ac lot Built 1993
Entity Owned Free & Clear

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1993
Total area 4,740 SF
Lot 0.58 ac (25,264 SF)
APN 8913-36-479-013
UPID US25-0229462

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
  • General Contractor Construction Company
  • Trucking Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

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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