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    6315 Chancellor Dr Cedar Falls, IA 50613

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    6315 Chancellor Dr Cedar Falls, IA 50613

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    • Office buildings
    • 9,057 SF
    • 1.75 lot acres
    For Sale
    $1,250,000
    View Listing →
    Class A Office Space For Sale
    $1,250,000
    9,057 SF

    Class A Office Space

    Office space in Cedar Falls Technology Park overlooking Prairie Lake.

    6315 Chancellor Drive, Cedar Falls, IA 50613
    View Listing
    Property ID
    US25-0287187
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jenna Berendzen / Physician
    • Anytime Life / Insurance Agency
    • Aerial Services Inc. / Surveyor
    • Joanna Primus, tLMHC, CADC / Counselor / Psychotherapist
    • Bijelic Counseling and Consulting Services, LLC / Crisis Center / Medical Clinic

    Property Details for 6315 Chancellor Dr

    Year built
    2009
    Lot size
    1.75 lot acres
    Property size
    9,057 SF
    Property type
    Office buildings
    APN
    8914-36-105-001
    APU
    891436105001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $532,000
      Market price range: $327k - $904k
      AI Estimate
      $602,000
      Market price range: $361k - $1.10M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $630,000
      Current use
      RESTAURANT
      $895,000
      Change: +42% Conversion: Moderate
      RETAIL STORES
      $590,000
      Change: -7% Conversion: Moderate
      WAREHOUSE, STORAGE
      $540,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.4553
    Latitude
    42.4808
    CBSA code
    47940
    CBSA name
    WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,498
    $110,000
    $934,270
    $1,044,270
    -
    $110,000
    $934,270
    $1,044,270

    Comparable in this City

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      3706 Cedar Hts Dr, Cedar Falls, IA 50613-6207
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    • Value Estimation by Request
      3,200 SF

      1520 Rail Way

      OFFICE BUILDING • 3,200 SF
      1520 Rail Way, Cedar Falls, IA 50613-8705
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    • Value Estimation
      $535,000
      4,956 SF

      415 State St

      OFFICE BUILDING • 4,956 SF
      415 State St, Cedar Falls, IA 50613-3300
      View Details
    • Value Estimation by Request
      5,576 SF

      2715 Ter Dr

      OFFICE BUILDING • 5,576 SF
      2715 Ter Dr, Cedar Falls, IA 50613-5965
      View Details
    • Value Estimation
      $825,000
      11,861 SF

      6711 Chancellor Dr

      OFFICE BUILDING • 11,861 SF
      6711 Chancellor Dr, Cedar Falls, IA 50613-6969
      View Details
    • Value Estimation
      $1,150,000
      11,484 SF

      201 Washington St

      OFFICE BUILDING • 11,484 SF
      201 Washington St, Cedar Falls, IA 50613-2729
      View Details

    Similar Nearby for Sale

    • $1,250,000
      Pending

      Class A Office Space

      Office space in Cedar Falls Technology Park overlooking Prairie Lake.
      6315 Chancellor Dr, Cedar Falls, IA 50613
      View Details
    • Contact for pricing
      0.20 Acres

      Restored Office/Retail Space For Sale

      Restored office or retail space near downtown Cedar Falls.
      215 Franklin St, Cedar Falls, IA 50613
      View Details
    • $425,000
      10,000 SF

      Cedar Falls Office Building

      Over 10,000 SF office space with great visibility.
      2304 College St, Cedar Falls, IA 50613
      View Details
    • $395,000
      3,363 SF

      Mixed-Use Property with Warehouse

      Commercial space with office and warehouse on 2.78 acres.
      5419 W Bennington Rd, Cedar Falls, IA 50613
      View Details
    • $329,900
      2,475 SF

      Industrial Flex Space with Gym

      Versatile industrial flex space, currently a gym/fitness center.
      3035 Capital Way, Cedar Falls, IA 50613
      View Details
    • New
      $2,100,000
      Pending

      Downtown Cedar Falls Office Condo

      New office condo in downtown Cedar Falls with national tenant.
      302 Main St, Cedar Falls, IA 50613
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Light Industrial Storage Condo For Rent

      Newer light industrial storage condo in Cedar Falls, Iowa.
      3035 Capital Way, Cedar Falls, IA 50613
      View Details
    • $29 SF/Yr
      8,467 SF

      The Bluffs Retail Center

      Cedar Falls prime retail space, 4 suites available.
      0 Brandilynn Blvd, Cedar Falls, IA 50613
      View Details
    • $660 /Mo
      74,052 SF

      Chalet Center Office Space

      Office space for rent in Cedar Falls, Iowa.
      4807 University Ave, Cedar Falls, IA 50613
      View Details
    • $775 /Mo
      74,052 SF

      Chalet Center Office Space

      Move-in-ready office space with private offices and collaborative workspace.
      4807 University Ave, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Retail Center Suites Available

      Centrally located suites suitable for office or retail tenants.
      4116 University Ave, Cedar Falls, IA 50613
      View Details
    • Contact for pricing

      Main Street Retail/Office Space

      Office or retail space for lease with great frontage.
      2300 Main St, Cedar Falls, IA 50613
      View Details
    View Listing
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    Cedar Falls, IA 50613
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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