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    Property profile & analytics

    3695 University Ave Waterloo, IA 50701-5621

    • Drive through restaurants
    • 3,913 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0255803
    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.

    Current Use by Public Records

    • McDonald's / Coffee Shop / Hamburger Restaurant
    • Redbox / Movie Rental Kiosk

    Property Details for 3695 University Ave

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.99 lot acres
    Property size
    3,913 SF
    Property type
    Drive through restaurants
    APN
    8913-20-427-025
    APU
    891320427025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $459,000
      Market price range: $199k - $460k

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3997
    Latitude
    42.5035
    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
    $45,557
    $346,850
    $899,560
    $1,246,410
    -
    $346,850
    $899,560
    $1,246,410

    Comparable in this City

    • Value Estimation
      $290,000
      3,236 SF

      1215 Ansborough Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,236 SF
      1215 Ansborough Ave, Waterloo, IA 50701-3426
      View Details
    • Value Estimation
      $240,000
      1,678 SF

      1130 Ansborough Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,678 SF
      1130 Ansborough Ave, Waterloo, IA 50701-2249
      View Details
    • Value Estimation
      $235,000
      756 SF

      103 Tower Park Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 756 SF
      103 Tower Park Dr, Waterloo, IA 50701-9330
      View Details
    • Value Estimation
      $310,000
      3,407 SF

      441 Tower Park Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,407 SF
      441 Tower Park Dr, Waterloo, IA 50701-9376
      View Details
    • Value Estimation
      $250,000
      900 SF

      2719 University Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 900 SF
      2719 University Ave, Waterloo, IA 50701-3333
      View Details
    • Value Estimation
      $335,000
      2,821 SF

      4015 Lowes Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,821 SF
      4015 Lowes Blvd, Waterloo, IA 50701-9394
      View Details

    Similar Nearby for Sale

    • $4,500,000
      106,200 SF

      Prime Waterloo Retail Opportunity

      106,200 SF Vacant Retail Space, High Visibility
      3810 University Ave, Waterloo, IA 50701
      View Details
    • $800,000
      0.65 Acres

      Waterloo Commercial Lot For Sale

      Commercial lot with high land value, great for business.
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    • $799,000
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      Waterloo Storefront & Auto Shop

      Prime Waterloo location, 13,804 SF retail/auto space.
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    • $1,200,000
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      Prime Waterloo Bank Building

      3-Story, 38,940 SF Bank Building
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    • $599,950
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      Waterloo Industrial Property: Prime Location

      13,490 SF Flex Space, $599,950
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    • $4,395,000
      30,080 SF

      Self-Storage Complex on 5.19 Acres

      High-traffic self-storage complex with indoor and outdoor storage.
      3556 Marnie Ave, Waterloo, IA 50701
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      198,000 SF

      Waterloo Office Suites - Marriott Connected

      Prime office space near Deere & Co.
      250 Westfield Ave, Waterloo, IA 50701
      View Details
    • $3 SF/Yr
      13,490 SF

      Waterloo Flex Space - 13,490 SF

      Prime Waterloo location, 13,490 sq ft flex space.
      1657 Falls Ave, Waterloo, IA 50701
      View Details
    • $35 SF/Yr
      2,295 SF

      Prime Office Space, Tower Park Dr.

      2,295 SF Office, High Visibility
      57 Tower Park Dr, Waterloo, IA 50701
      View Details
    • Contact for pricing
      5,008 SF

      Waterloo Restaurant - Turn-Key Opportunity

      Prime Retail Space, 5008 sq ft, Iowa.
      3280 University Ave, Waterloo, IA 50701
      View Details
    • $17 SF/Yr
      900 SF

      Jefferson Street Retail Space

      Prime Waterloo CBD location, move-in ready office.
      700 Jefferson St, Waterloo, IA 50701
      View Details
    • $5 SF/Yr
      42,154 SF

      Former Hancock Fabrics Retail Store

      17,422 SF retail space with high visibility and traffic.
      2830 University Ave, Waterloo, IA 50701
      View Details

    Property Visit Statistics

    • Visits by month
      28.1k
    • Visitors by month
      16.2k
    • Avg Time on site
      12 min
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    3695 University Ave
    Waterloo, IA 50701-5621
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    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
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