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Financial
Distress signals
Property profile

425 Cedar St Waterloo, IA 50701

FOR SALE
Banks
Property ID
US25-0296673
38,940 SF 1.31 ac lot Built 1973
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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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…

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 · 2023

What does the county charge?
$140k
Tax billed · 2023
Assessed value · 2024$3.32M
Assessed land$289k
Assessed improvement$3.03M
Effective rate4.23%

Value estimate

· Oct 2026
$850k
$765k – $935k
NOI build-up
Gross scheduled income$449k
Vacancy & credit loss−$109k
Operating expenses−$85k
NOI · 39.85% cap applied$255k

Realmo valuation models over county records.

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?
39.85%
$255k 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.

JurisdictionBLACK HAWK

Location intelligence

Which uses thrive at this corner?
Best fit: Skin Care Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Skin Care Clinic9.0
Locksmith9.0
Pharmacy8.9

Location

425 Cedar St Waterloo, IA 50701
County assessor 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
510 5th, Waterloo, IA 50701-1522 $150,000 Apr 2023 11,520 SF
4000 University, Waterloo, IA 50701-5656 $1,600,000 Jan 2022 65,668 SF
3910 University, Waterloo, IA 50701-5642 $4,000,000 Jan 2021 13,422 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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