2317 Northeast Drive

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2317 Northeast Drive

Waterloo, IA 50703
Asking Price
$1.80M
Asset Type
Special-purpose
Class
Class B

AI Property Summary

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

  • Special-purpose building located at 2317 Northeast Drive in Waterloo
  • Asset encompasses a total of 9,600 square feet of space
  • Current asking price for the facility is set at $1,800,000
  • Waterloo serves as a major hub within the Cedar Valley
  • Facility features a versatile layout suitable for diverse operational requirements

What's Special

Priced at $1,800,000, this 9,600-square-foot special-purpose facility provides a versatile footprint for various business operations at 2317 Northeast Drive in Waterloo, Iowa. The property is situated within a regional manufacturing and industrial hub that benefits from the stability of the greater Cedar Valley economy. The Waterloo-Cedar Falls metropolitan area maintains a consistent labor market, supported by a diverse base of healthcare, education, and manufacturing employers. Businesses looking for a standalone site in this corridor will find the location conducive to operations requiring accessibility and functional space. Given the building’s layout, it accommodates a range of specialized uses, from light assembly and logistics to unique service-oriented business models. The site’s positioning within the 50703 zip code ensures connectivity to major local transportation arteries, facilitating efficient access for staff and regional logistical needs. Prospective buyers can leverage the open configuration of this structure to suit specific organizational requirements within a well-established industrial context.

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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015

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