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Property profile & analytics
FOR SALE
Individual retail properties
623 Broadway St Waterloo, IA 50703
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0287585
For Sale
1 / 19
$499,900
623 Broadway St, Waterloo, IA 50703
View Listing →
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1987
Construction
FRAME
Total area
3,492 SF
Lot
0.33 ac (14,448 SF)
APN
8913-23-203-025
UPID
US25-0287585
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
-
Community Laundry (Bike/Boat/Book/etc) Store
-
LUCKYS Wash & Dry (Bike/Boat/Book/etc) Store
-
Lucky's Laundry (Bike/Boat/Book/etc) Store
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
Luckys Wash & Dry LLC · 2 yrs held
Luckys Wash & Dry LLC
since 2023
Last sale
$190,000
4 recorded transactions
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
—
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
$4,608
Tax year 2023
Assessed value
$191,480
Assessed 2024
Previous assessed
$191,480
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$28,900
Assessed improvement
$162,580
Land market value
$28,900
Improvement market value
$162,580
Total market value
$191,480
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
For Sale
Year built
1987
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
3,492 SF
Lot
0.33 ac (14,448 SF)
APN
8913-23-203-025
UPID
US25-0287585
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
1987
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Luckys Wash & Dry LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5265 GRAND AVE, SAINT PAUL, MN 55110-2449
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
$190,000
Luckys Wash & Dry LLC
Shirk Development LLC
Warranty Deed
—
Jul 14, 2022
—
Titan Property Investmnets LLC
Shirk Development LLC
Contract Sale
—
Jul 1, 2021
$190,000
Titan Properties LLC
Shirk Development LLC
Land Contract
$180,000 · Not Available
Jan 18, 2011
$225,000
Clark Laundry Systems LLC Co
Broadway Laundry INC Co
Corporation Deed
—
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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