www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33278802
33278803

404 E FOURTH ST, WATERLOO, IA 50703

PS
IA B63101000
AW Commercial & Development
Listed by AW Commercial & Development
$2,381,000
1 day on market
Updated 1 day ago
Opportunity zone

Waterloo Fiber

Details
APN 8913-24-360-017
Property Type Office
Sub Type Executive Office, Creative Office
Square Footage 17,208
Units 51
Cap Rate 8.15%
NOI $194,144
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 11/30/2029
Remaining Term 3.5
Rent Bumps Yes
Pro-Forma Cap Rate 8.15%
Pro-Forma NOI $194,144
Price per SqFt $138
Class A
Year Built 1920
Year Renovated 2016
Buildings 1
Stories 2
Lot Size (SqFt) 28,401
Zoning C-3
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 12/01/2024
Sale Condition N/A

100% Leased

Marketing description

Fully occupied investment opportunity in the heart of Downtown Waterloo. This beautifully renovated building is leased to two established tenants, providing immediate cash flow and long-term income stability. The property's distinctive architecture, strong downtown presence, and recent renovations create a turnkey investment with minimal capital expenditure needs. Located near restaurants, entertainment, government offices, and other downtown amenities, the building benefits from excellent visibility and accessibility. A rare opportunity to acquire a well-maintained, income-producing asset in one of Waterloo's most recognizable downtown buildings.

Investment highlights

Leased to local utility.

Fully renovated building.

Walkable location, close to other amenities including government buildings.

Listing Contacts

PS
IA B63101000
AW Commercial & Development
Listed by AW Commercial & Development

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$194,143.56
$16,178.63/mo

Valuation Metrics

0
DSCR
8.15%
Cap Rate
8.15%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591