You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,360,000
Office buildings

501 Sycamore St Waterloo, IA 50703-4644

199,074 SF 0.73 ac lot Built 1913
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US25-0337340
Property summary
AI-generated overview

This magnificent eight-story, 199,074 square foot Beaux-Arts style office building, located at 501 Sycamore St, Waterloo, IA 50703, presents a unique investment opportunity. Built in 1913, this landmark structure boasts a rich history as the tallest building in Iowa at the time, originally housing Black's Department Store. The building offers 1,353 square feet of net rentable space, with an asking price of $4,000,000, translating to $20.09 per square foot. Its prominent position within Black Hawk County ensures high visibility and accessibility. The building's architectural significance and historical context provide a compelling investment proposition, offering potential for adaptive reuse or continued operation as a prestigious office space. This is a chance to acquire a piece of Waterloo's heritage and capitalize on its enduring appeal. The property's substantial size and prime location in the heart of Waterloo offer significant potential for future development and growth. This is a rare opportunity to own a piece of Iowa history.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1913
Construction CONCRETE BLOCKS
Total area 199,074 SF
Lot 0.73 ac (31,973 SF)
APN 8913-24-361-010
UPID US25-0337340
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
  • Black’s Building Real Estate Agency
  • Nelson Properties-Midtown Construction Company General Contractor
  • Zensible Art & Shop online Artist
  • Shazam Atm Atm
  • AECOM Waterloo Engineering Consultant Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.36M
Owner & transaction history
Osk Xii LLC · 2 yrs held
Osk Xii LLC
since 2023
Last sale
$3.8M
2 recorded transactions
2023
$113,000
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 501 Sycamore St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message