Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3013 Greyhound Dr Waterloo, IA 50701-9247
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3013 Greyhound Dr Waterloo, IA 50701-9247

    View on Map
    • Office buildings
    • 12,631 SF
    • 1.16 lot acres
    Off-Market
    Property ID
    US25-0253539
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Financial Decisions Group / Financial Advisor

    Property Details for 3013 Greyhound Dr

    Year built
    2010
    Lot size
    1.16 lot acres
    Property size
    12,631 SF
    Property type
    Office buildings
    APN
    8813-06-201-013
    APU
    881306201013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $575,000
      Market price range: $428k - $1.26M
      AI Estimate
      $646,000
      Market price range: $570k - $1.58M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $840,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.4045
    Latitude
    42.4685
    CBSA code
    47940
    CBSA name
    WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,721
    $158,760
    $525,120
    $683,880
    -
    $158,760
    $525,120
    $683,880

    Comparable in this City

    • Value Estimation
      $5,230,000
      54,920 SF

      233 Fisher Dr

      OFFICE BUILDING • 54,920 SF
      233 Fisher Dr, Waterloo, IA 50701-9008
      View Details
    • Value Estimation
      $1,265,000
      12,690 SF

      3121 Greyhound Dr

      OFFICE BUILDING • 12,690 SF
      3121 Greyhound Dr, Waterloo, IA 50701-9219
      View Details
    • Value Estimation
      $2,020,000
      18,223 SF

      1730 Ridgeway Ave

      OFFICE BUILDING • 18,223 SF
      1730 Ridgeway Ave, Waterloo, IA 50701-4606
      View Details
    • Value Estimation
      $1,770,000
      21,478 SF

      3362 University Ave

      OFFICE BUILDING • 21,478 SF
      3362 University Ave, Waterloo, IA 50701-2006
      View Details
    • Value Estimation by Request
      622 SF

      400 Westfield Ave

      OFFICE BUILDING • 622 SF
      400 Westfield Ave, Waterloo, IA 50701-5343
      View Details
    • Value Estimation by Request
      1,008 SF

      808 Rainbow Dr

      OFFICE BUILDING • 1,008 SF
      808 Rainbow Dr, Waterloo, IA 50701-1133
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      51,900 SF

      Waterloo Commercial Property For Sale

      51,900 square foot commercial building on 6.08 acres.
      3530 Marnie Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing
      38,940 SF

      Former Bank Building For Sale

      38,940 SF former bank building in Waterloo's central business district.
      425 Cedar St, Waterloo, IA 50701
      View Details
    • $220,000
      0.12 Acres

      Corner Commercial Building in Waterloo

      High-traffic corner commercial building with recent updates and investment potential.
      2101-2103 Falls Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing
      7,825 SF

      Class A Office Building

      Impressive office building in Greenbelt Centre Business Park.
      3015 Greyhound Dr, Waterloo, IA 50701
      View Details
    • $435,000
      6,000 SF

      6000 SF Office Building

      6000 SF office building with 14 private offices.
      1310 Solar Dr, Waterloo, IA 50701
      View Details
    • $1,200,000
      7,825 SF

      Class A Office Building

      Impressive office building in Greenbelt Centre Business Park.
      3015 Greyhound Dr, Waterloo, IA 50701
      View Details

    Similar Nearby for Lease

    • New
      $12 SF/Yr
      10,890 SF

      Versatile Commercial Space in Waterloo

      High-visibility Waterloo corner property with office and retail space.
      1118 Ansborough Ave, Waterloo, IA 50701
      View Details
    • $16 SF/Yr
      12,631 SF

      Waterloo Office Building for Lease

      Class A Office, 12,631 sq ft, 25 parking spaces
      3015 Greyhound Dr, Waterloo, IA 50701
      View Details
    • Contact for pricing

      Downtown Waterloo Office Space

      Premier 10th-floor office space in the Historic Waterloo Building.
      531 Commercial St, Waterloo, IA 50701
      View Details
    • Contact for pricing

      3563 University Ave, Waterloo, IA 50701

      Office Units
      3563 University Ave, Waterloo, IA 50701
      View Details
    • Contact for pricing
      3,518 SF

      Historic Building Retail/Office/Restaurant Space

      First floor space suitable for retail, office, or restaurant.
      209 West 5Th St, Waterloo, IA 50701
      View Details
    • $17 SF/Yr
      11,350 SF

      Office Space with Multiple Rooms

      Office space featuring multiple private and conference rooms for rent.
      360 Westfield Ave, Waterloo, IA 50701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3013 Greyhound Dr
    Waterloo, IA 50701-9247
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!