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Property profile & analytics
FOR LEASE
Strip malls

4116 University Ave 106 Cedar Falls, IA 50613

8,331 SF 1.02 ac lot Built 1998
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0197975
Property summary
AI-generated overview

Midway Mall, located at 4116 University Avenue in Cedar Falls, Iowa, presents a prime opportunity for retail or office businesses. This well-maintained, centrally located retail center boasts 8,331 square feet of space on 1.02 acres of land (APN: 891320178005). Currently, 5,694 square feet are available, divisible into units ranging from 1,328 to 4,366 square feet, including two desirable end-cap spaces. The property enjoys high visibility on University Avenue, a busy thoroughfare near established businesses such as Tractor Supply, Pizza Ranch, and The Other Place, ensuring excellent foot traffic and brand exposure. The flexible space is ideal for a variety of uses, catering to both retail and office tenants. Estimated Net, Net, Net (NNN) expenses are $5.43 per square foot. This property offers a compelling combination of location, size, and versatility, making it an attractive investment for businesses seeking a strong presence in the Cedar Falls market. The property's address is 4116 University Ave, Cedar Falls, IA 50613.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Construction CONCRETE BLOCKS
Total area 8,331 SF
Lot 1.02 ac (44,474 SF)
APN 8913-20-178-005
UPID US25-0197975
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
  • Kwik Spirits Grocery & Convenience Store
  • Chec King Payday Advance Loan Service
  • Lovely Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Buckets INC · 2 yrs held
Buckets INC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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