922 Rainbow Dr Cedar Falls, IA 50613-6500
This exceptional Class A creative office space, totaling 1,480 square feet, is situated within a larger 6,432 square foot building at 922 Rainbow Drive in Cedar Falls, Iowa, 50613. The property boasts a prime location at the "5 Corners" intersection, offering excellent visibility and accessibility. Built in 1979, this two-story building features a desirable open-concept configuration within the available suite. The building itself comprises a single structure on a 0.34-acre lot, zoned C-2 and R-4, and includes ample parking with 29 total spaces. The property's APN is 891318153009. This is a multi-tenant building, and the available space presents a fantastic opportunity for businesses seeking a modern and efficient workspace in the Waterloo submarket of Cedar Falls. Estimated Net, Net, Net (NNN) expenses are $3.35 per square foot. The property is classified as Office and Retail, with a Creative Office subtype.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.