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Property profile & analytics
FOR SALE
Banks
425 Cedar St Waterloo, IA 50701
Individually Owned
Free & Clear
Property ID
US25-0296673
For Sale
1 / 3
$640,000
425 Cedar St, Waterloo, IA 50701
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Property summary
AI-generated overview
This exceptional 38,940 square foot former bank building presents a unique investment opportunity in the heart of Waterloo, Iowa. Situated on a sizable 1.308-acre lot, this three-story structure offers significant potential for redevelopment or repurposing. Built in 1973, the building boasts ample space, currently configured as a single unit, ideal for a variety of commercial uses. Its central business district location provides excellent visibility and accessibility, with convenient parking readily available. The property's substantial size and prime location make it an attractive prospect for businesses seeking a prominent presence in Waterloo. The building's solid construction and substantial lot size offer flexibility for future expansion or adaptation to meet evolving business needs. This is a rare opportunity to acquire a significant commercial property in a thriving Iowa city. The property's asking price is $1,200,000. Serious inquiries are encouraged. The address is 425 Cedar St, Waterloo, IA 50701.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1973
Total area
38,940 SF
Lot
1.31 ac (56,976 SF)
APN
8913-26-229-007
UPID
US25-0296673
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
-
Junior Achievement of Eastern Iowa - Cedar Valley Social Service Agency Charitable Organization
-
U.S. Bancorp Investments - Financial Advisors: Matt J Gary Financial Advisor
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Cedar Valley United Way Charitable Organization Social Service Agency
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US Bank Mortgage Loan Service Bank
-
U.S. Bank Branch Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
MERCANTILE BANK NORTHERN IOWA
MERCANTILE BANK NORTHERN IOWA
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
$22 / SF
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
$140,437
Tax year 2023
Assessed value
$3,321,700
Assessed 2024
Previous assessed
$3,690,730
-10.0% YoY
Effective rate
4.23%
On assessed value
Assessed land
$288,500
Assessed improvement
$3,033,200
Land market value
$288,500
Improvement market value
$3,033,200
Total market value
$3,321,700
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1973
Heating
FORCED AIR
Cooling
YES
Stories
3
Total area
38,940 SF
Lot
1.31 ac (56,976 SF)
APN
8913-26-229-007
UPID
US25-0296673
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
1973
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
1.31 ac
Current owner
From public records · entity-resolved
MERCANTILE BANK NORTHERN IOWA
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 88, WATERLOO, IA 50704-0088
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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