Property summary
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
VerifiedCap rate & NOI
Current use
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General Contractor Construction Company
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Trucking Company
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Waterloo market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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