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Property profile & analytics
FOR LEASE
Manufacturing properties

3530 Marnie Ave Waterloo, IA 50701

51,900 SF 6.08 ac lot Built 2021
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US25-0030413
Property summary
AI-generated overview

This exceptional 51,900-square-foot industrial property in Waterloo, IA, offers unparalleled flexibility for a variety of commercial uses. Situated on a 6.08-acre lot at the crossroads of Highways 20 and 63 in the Cedar Valley, this single-tenant building boasts a 20-foot ceiling height, six loading docks, two drive-ins, and ample parking for 30 vehicles. Built in 2021, the structure is zoned C2 - M1 Flex Zoning, allowing for diverse applications including warehousing, manufacturing, distribution, and research & development. The space is divisible, with potential configurations including approximately 22,800 square feet of warehouse space and 27,000 square feet of combined warehouse, industrial, manufacturing, shipping, and flex space, along with 2,100 square feet of office space. The property features three-phase power and a low tax rate of $2.35 per square foot. Currently vacant, this property presents a unique opportunity for businesses seeking a modern, efficient, and strategically located industrial facility. The address is 3530 Marnie Ave, Waterloo, IA 50701.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2021
Total area 51,900 SF
Lot 6.08 ac (264,844 SF)
APN 8813-06-426-058
UPID US25-0030413
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
  • KCNG Industrial Manufacturer Production Facility
  • Cedar Valley Crossing Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.68M
Owner & transaction history
Fusion Investments II LLC · 3 yrs held
Fusion Investments II LLC
since 2023
2 recorded transactions
2023
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.8M +25.4%
Medical building $2.6M +18.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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