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Property profile & analytics
OFF-MARKET
Hotels
3350 University Ave Waterloo, IA 50701-2006
Entity Owned
4-yr Hold
Free & Clear
Property ID
US25-0210392
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1979
Total area
33,488 SF
Lot
2.28 ac (99,360 SF)
APN
8913-21-329-037
UPID
US25-0210392
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
University Avenue Studios East Apartment Building
-
Travel Inn of Waterloo / Cedar Falls Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3350 University LLC · 4 yrs held
3350 University LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waterloo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterloo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,528
Tax year 2023
Assessed value
$730,410
Assessed 2024
Previous assessed
$730,410
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$412,190
Assessed improvement
$318,220
Land market value
$412,190
Improvement market value
$318,220
Total market value
$730,410
Applied tax rate
940,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1979
Heating
YES
Cooling
YES
Stories
2
Units
104
Total area
33,488 SF
Lot
2.28 ac (99,360 SF)
APN
8913-21-329-037
UPID
US25-0210392
Jurisdiction
BLACK HAWK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
2
Units
104
Lot
2.28 ac
Current owner
From public records · entity-resolved
3350 University LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 128, CEDAR FALLS, IA 50613-0016
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2025
—
3350 University LLC
—
Deed
related
$3,500,000 · Bank Iowa
Jan 28, 2022
—
3350 University LLC
3350 University Residential Coop In
Warranty Deed
—
Sep 18, 2018
—
3350 University Res Corp
—
Deed
related
$1,750,000 · University Of Iowa Credit Union
Sep 23, 2016
—
3350 University Residential Corp
—
Deed
related
$962,179 · University Of Iowa Community Cu
Dec 31, 2013
—
3350 University Residential Coopera
Lane7 LLC
Warranty Deed
—
Jul 9, 2013
$495,000
Lane7 LLC
Shivas Economy Inn LLC
Warranty Deed
$112,000 · University Of Iowa Community Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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