Property profile

6301 University Ave Cedar Falls, IA 50613

OFF-MARKET
Grocery and convenience stores
Property ID
US25-2356363
106,032 SF 8.22 ac lot Built 1969
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

College Square Mall, located at 6301 University Ave in Cedar Falls, Iowa, presents a significant retail opportunity. This established shopping mall boasts a total of 552,884 square feet of leasable space, offering flexibility for various retail businesses. Currently, there are 120,153 square feet of vacant space available, divisible into units as small as 768 square feet, ideal for smaller businesses, or up to 20,000 contiguous square feet for larger tenants seeking significant presence. The mall is situated in Black Hawk County, within a thriving community, benefiting from high foot traffic and excellent visibility. With 42 spaces currently available, this property offers a diverse range of options to suit various business needs and sizes. The address is easily accessible, providing convenient access for customers and employees alike. This prime retail location in Cedar Falls offers a unique chance to establish or expand your business within a well-established shopping center. The property is zoned for retail use and is ready for immediate occupancy. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1969
Construction CONCRETE BLOCKS
Total area 106,032 SF
Lot 8.22 ac (358,063 SF)
APN 8914-24-228-010
UPID US25-2356363

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Florist
  • Department Store
  • Shopping Center & Mall
  • Restaurant
  • Bakery Specialty Food Shop

Location

6301 University Ave Cedar Falls, IA 50613-5200
Cedar Falls metro Census 2500 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$16.19M
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.64M

Owner & transaction history

since 2022
Last sale
$16.8M
1 recorded transaction
2022
$16.8M

Zoning & alternative use

Top alternative use upside
Restaurant $10.5M +52.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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