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Financial
Distress signals
Property profile

923 W 5Th St Waterloo, IA 50702

FOR SALE
Retail space
Property ID
US25-0379182
4,880 SF 0.19 ac lot Built 1948
Last sale Nov 2005 · $90,000
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
923 W 5Th St, Waterloo, IA 50702 For Sale 1 / 9
$220,000 4,880 SF
923 W 5Th St, Waterloo, IA 50702
View Listing

Property summary

AI-generated overview

A 780-square-foot retail suite in Waterloo, Iowa, located at 923 W 5th St, configured with an open customer-facing retail area plus one office and one restroom. The space includes large storefront windows that create a display frontage, and the building supports business signage. The layout is designed to support retail operations combining public sales space with a separate private office and restroom.

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.

Debts

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?
$4k
Tax billed · 2023
Assessed value · 2024$164k
Assessed land$21k
Assessed improvement$143k
Effective rate2.16%

Value estimate

· Oct 2026
$220k
$198k – $242k
AI approach$220k
NOI build-up
Gross scheduled income$12k
Vacancy & credit loss−$1k
Operating expenses−$3k
NOI · 515.93% cap applied$8k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$67/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$36 – $104
Qualifying comparables3

Cap rate analysis

How does the asset earn?
515.93%
$8k 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: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon12.5
Spa & Massage11.5
Skin Care Clinic11.1

Location

923 W 5Th St Waterloo, IA 50702
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
121 Brookeridge, Waterloo, IA 50702-5701 $238,000 Mar 2025 3,000 SF
931 5th, Waterloo, IA 50702 $275,000 Jan 2024 8,785 SF
1916 Mitchell, Waterloo, IA 50702-1815 $290,000 Mar 2022 6,379 SF
3804 Hammond, Waterloo, IA 50702-5618 $225,000 Jul 2021 4,608 SF
2532 Xrds, Waterloo, IA 50702-4414 $279,000 Jun 2021 8,573 SF
3121 Kimball, Waterloo, IA 50702-5252 $369,500 Jun 2020 6,739 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

Comparable nearby

  • Value Estimation
    $200,000
    4,608 SF
    3804 Hammond Ave
    RETAIL STORES (PERSONAL SERVICES)
    3804 Hammond Ave, Waterloo, IA 50702-5618
    View Details
  • Value Estimation
    $300,000
    3,788 SF
    1946 Schukei Rd
    FINANCIAL BUILDING
    1946 Schukei Rd, Waterloo, IA 50702-4347
    View Details
  • Value Estimation
    $565,000
    6,932 SF
    2104 Kimball Ave
    RETAIL STORES (PERSONAL SERVICES)
    2104 Kimball Ave, Waterloo, IA 50702-5037
    View Details
  • Value Estimation
    $315,000
    7,312 SF
    1516 Laporte Rd
    RETAIL STORES (PERSONAL SERVICES)
    1516 Laporte Rd, Waterloo, IA 50702-2714
    View Details
  • Value Estimation
    $220,000
    3,216 SF
    1104 Washington St
    CONVENIENCE STORE
    1104 Washington St, Waterloo, IA 50702-1631
    View Details
  • Value Estimation
    $215,000
    3,018 SF
    3535 Marigold Dr
    CONVENIENCE STORE
    3535 Marigold Dr, Waterloo, IA 50702-4846
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    3,770 SF
    Retail Shell Suite in Plaza
    Flexible shell space in a busy retail plaza off the I-380/US 218 interchange with strong area co-tenants.
    2060 Sovia Drive, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    6,714 SF
    Retail Banking Building with Drive-Thru
    Standalone retail banking building includes a drive-thru canopy and large paved outdoor area for flexible retail use.
    2532 Crossroads Boulevard, Waterloo, IA 50702
    View Details
  • New
    $1,500,000
    6,720 SF
    Multi-Tenant Strip Center
    Multi-tenant retail property with long-term leases, street frontage, and C-1,C-Z zoning.
    3620-3628 Kimball Avenue, Waterloo, IA 50702
    View Details
  • New
    $135,000
    3,297 SF
    Vacant Retail/Office Building
    Vacant, high-visibility commercial building with a wide-open layout, dedicated parking, and exterior signage opportunities on a major roadway.
    701 W 5th Street, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    8,960 SF
    Freestanding Retail Storefront
    Large display windows, signage opportunities, and on-site parking support customer-facing commercial use.
    2602 Crossroads Boulevard, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    2,224 SF
    Flexible Retail-Office Shell Suite
    Shell suite offers build-out flexibility for retail, office, or service uses in a heavily trafficked retail corridor.
    1655 E San Marnan Drive, Waterloo, IA 50702
    View Details

Similar Nearby for Lease

  • New
    $22 SF/Yr
    3,000 sqft
    Retail Suite with Private Restrooms
    Flexible retail space includes dedicated storage and a layout suited to customer-facing operations.
    A2-2027 Crossroads Blvd, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    8,960 sqft
    Freestanding Retail Building
    Flexible commercial layout with storefront windows, on-site parking, and prominent signage opportunities.
    2602 CROSSROADS BLVD, Waterloo, IA 50702
    View Details
  • New
    $40 SF/Yr
    2,022 sqft
    In-Line Retail Storefront Suite
    Well-positioned in-line retail suite with prominent signage opportunities in a shopping center anchored by US Cellular and Nothing Bundt Cakes.
    C-2775 Crossroads Blvd, Waterloo, IA 50702
    View Details
  • $32 SF/Yr
    1,800 sqft
    Endcap Retail Space with Drive-Through
    Retail suite in a strip center with national co-tenancy and a drive-through.
    1501 Flammang Dr, Waterloo, IA 50702
    View Details
  • $12 SF/Yr
    14,040 sqft
    Retail Suite with Private Restrooms
    Suite A offers 3,000 SF with private restrooms and storage, near the I-380/San Marnan Drive corridor.
    2027 Crossroads Boulevard, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    21,500 sqft
    In-Line Junior Box Retail Space
    Open-format retail space with broad storefront glazing, customer parking, and prominent signage opportunities.
    1522 FLAMMANG DR, Waterloo, IA 50702
    View Details
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