1203 W RIDGEWAY AVE

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1203 W RIDGEWAY AVE

WATERLOO, IA 50701-4017
Asking Price
$1.86M
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • This traditional office property contains 10,336 square feet of space.
  • The asking price for the asset is 1,865,000 dollars.
  • The building is situated in the city of Waterloo, Iowa.
  • The facility is well-positioned for professional or corporate administrative use.
  • Waterloo serves as an essential economic hub in northeastern Iowa.

What's Special

Priced at 1,865,000, this traditional office property at 1203 W Ridgeway Ave in Waterloo, Iowa, presents a 10,336-square-foot investment opportunity. The asset functions as a straightforward office space suitable for professional services, corporate administration, or local business headquarters. Situated within the Waterloo-Cedar Falls metropolitan area, the location benefits from proximity to established infrastructure and the economic base of this regional hub. Waterloo serves as a critical center for manufacturing and service-oriented sectors in northeastern Iowa, providing a consistent demand for functional commercial space. Investors and owner-occupiers alike will find the building's layout adaptable to various private office configurations or collaborative workspaces. The property sits within a well-trafficked corridor of the city, ensuring connectivity to surrounding residential neighborhoods and key transit routes. This site provides a practical solution for firms seeking a stable commercial environment in a growing Midwest market.

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NOI
$80,000
Cap Rate
4.29%
DSCR
0.72
Underwater
Cash-on-Cash
-5.49%
Monthly Payment
$9,227.002
Annual Cash Flow
$-30,724.029

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