Financial
Distress signals
Property profile

623 Broadway St Waterloo, IA 50703

FOR SALE
Other individual retail properties
Property ID
US25-0287585
3,492 SF 0.33 ac lot Built 1987
Last sale Oct 2023 · $190,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail building totaling 3,492 square feet, located at 623 Broadway Street in Waterloo, Iowa, along a high-visibility corridor. Constructed in 1987, it is zoned C-2 and includes an operating laundromat configuration with commercial washers and dryers, folding stations, and a maintained customer area for patrons. The site provides on-site parking to support customer access, and the building is equipped with prominent signage for visibility from the street.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value · 2024$191k
Assessed land$29k
Assessed improvement$163k
Effective rate2.41%

Value estimate

· Sep 2026
$180k
$162k – $198k
AI approach$175k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$5k
Operating expenses−$15k
NOI · 7.88% cap applied$35k

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?
7.88%
$35k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.3
Law Firm16.7
Spa & Massage13.6

Location

623 Broadway St Waterloo, IA 50703
County assessor Recorded deeds · 4 transfers 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
200 Broadway, Waterloo, IA 50703-5843 $175,000 Jul 2025 3,752 SF
1310 Franklin, Waterloo, IA 50703 $843,000 Dec 2024 6,865 SF
1005 4th, Waterloo, IA 50703-3932 $100,000 Aug 2023 1,266 SF
428 Franklin, Waterloo, IA 50703-3520 $600,000 Aug 2023 2,201 SF
630 Sycamore, Waterloo, IA 50703-4726 $250,000 Jan 2023 9,472 SF
1340 Logan, Waterloo, IA 50703-2538 $1,170,000 Feb 2021 8,000 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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