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Property profile & analytics
OFF-MARKET
Warehouses
3450 Wagner Rd Waterloo, IA 50703-9646
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0320762
Property summary
AI-generated overview
This 3,600 square foot industrial property, situated on a one-acre lot at 3450 Wagner Road in Waterloo, IA, presents a fantastic opportunity for contractors or businesses seeking a well-located space. The building offers ample room for operations, featuring three 10' x 10' overhead doors equipped with openers, providing convenient access for large equipment and vehicles. The property's location just east of the Waterloo airport offers significant advantages in terms of transportation and logistics. Heating and lighting are the responsibility of the tenant. The lease term is a minimum of one year, with a monthly rental rate of $625. This is an ideal space for businesses requiring easy access, ample storage, and a strategic location near the airport. The property is ready for immediate occupancy and offers a cost-effective solution for businesses seeking a functional and convenient industrial space in Waterloo. Serious inquiries are encouraged to explore this exceptional opportunity. The property is available for lease now.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
FRAME
Total area
3,360 SF
Lot
2.56 ac (111,513 SF)
APN
8913-03-301-009
UPID
US25-0320762
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
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
Willett Holdings LLC
Willett Holdings LLC
since 2026
Last sale
$530,000
1 recorded transaction
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
$19,439
Tax year 2023
Assessed value
$542,480
Assessed 2024
Previous assessed
$542,480
+0.0% YoY
Effective rate
3.58%
On assessed value
Assessed land
$83,400
Assessed improvement
$459,080
Land market value
$83,400
Improvement market value
$459,080
Total market value
$542,480
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
3,360 SF
Lot
2.56 ac (111,513 SF)
APN
8913-03-301-009
UPID
US25-0320762
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
2005
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.56 ac
Current owner
From public records · entity-resolved
Willett Holdings LLC
Entity
Mailing address
1310 GRANDVIEW AVE, WATERLOO, IA 50703-2242
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
$530,000
Willett Holdings LLC
C & T Rentals LLC
Deed
$530,000 · C & T Rentals LLC Black Hawk County
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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