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Property profile & analytics
OFF-MARKET
Strip malls
4302 University Ave Cedar Falls, IA 50613-6255
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0230573
Property summary
AI-generated overview
This exceptional restaurant opportunity is located at 4302 University Avenue, boasting 1,400 square feet of vacant space within a larger 22,102 square foot multi-tenant building. Situated on a 1.89-acre lot with ample parking (83 spaces), this property offers convenient access to the Greenhill corridor and high visibility along the heavily trafficked University Avenue. The C-2 zoned property (APN 891320177070) includes a functional hood system, making it suitable for dine-in or carry-out operations. The space is ready for immediate occupancy and offers indoor seating. This affordable option is surrounded by established businesses, including Hall Bicycle Co., Goodwill Industries, Trigger Time Sims, and Pizza Ranch, creating a vibrant and synergistic commercial environment. The property's convenient location and ample parking ensure high visibility and accessibility for customers. Cross street access is available via Terrace Drive. This is an ideal location for a restaurant seeking a strong presence in a thriving commercial area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1953
Construction
FRAME
Total area
22,102 SF
Lot
1.89 ac (82,415 SF)
APN
8913-20-177-070
UPID
US25-0230573
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
-
Hall Bicycle (Bike/Boat/Book/etc) Store
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Hall Bicycle Company - Cedar Falls (Bike/Boat/Book/etc) Store
-
Your Time Art Studio Painting Studio Art Studio
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Pizza Ranch FunZone Arcade Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Pizza Ranch Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
BUCKETS INC
BUCKETS INC
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 Cedar Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Falls 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
—
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
$46,387
Tax year 2023
Assessed value
$1,600,540
Assessed 2024
Previous assessed
$1,600,540
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$506,100
Assessed improvement
$1,094,440
Land market value
$506,100
Improvement market value
$1,094,440
Total market value
$1,600,540
Applied tax rate
910,001.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1953
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
22,102 SF
Lot
1.89 ac (82,415 SF)
APN
8913-20-177-070
UPID
US25-0230573
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
1953
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
BUCKETS INC
Entity
Free & Clear · 0 yrs held
Mailing address
324 DURYEA ST, WATERLOO, IA 50701-5317
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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