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Financial
Distress signals
Property profile

3551 University Ave Waterloo, IA 50701

FOR LEASE
Retail properties & Spaces
Property ID
US25-0287654
8,459 SF
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Property summary

AI-generated overview

This exceptional 8,459-square-foot retail space is ideally situated at 3551 University Avenue in Waterloo, Iowa, within Black Hawk County (zip code 50701). The property is a single-tenant building, currently vacant and ready for immediate occupancy. Its previous use was as a Farrell's eXtreme Bodyshaping facility, offering a unique layout already equipped with convenient amenities. The open floor plan provides significant flexibility for a variety of retail businesses. The space includes a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1,107.98%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant27.6
Building Supply24.6
Law Firm22.1

Location

3551 University Ave Waterloo, IA 50701
County assessor · not on file Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
316 3rd, Waterloo, IA 50701-1413 $180,500 Jan 2026 7,656 SF
2761 University, Waterloo, IA 50701-3333 $2,259,500 Mar 2025 10,000 SF
2415 K Line, Waterloo, IA 50701-9729 $850,000 May 2024 12,124 SF
935 Sheerer, Waterloo, IA 50701 $475,000 Dec 2023 6,912 SF
510 5th, Waterloo, IA 50701-1522 $150,000 Apr 2023 11,520 SF
42 Tower Park, Waterloo, IA 50701-9012 $325,000 Dec 2022 7,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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