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106 1st Ave NW 2,864 SF 100% Leased Flex Building Waukon, IA 52172 $225,000 ($78.56/SF) 5.20% Cap Rate
Investment Highlights
- RV accessible
- Spacious work shop
- bright loft apartment
Executive Summary
Perfect property for storage/rental investment or owner user. Walking distance to downtown and necessities.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$16,800
|
$5.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$16,800
|
$5.87
|
| Taxes |
$846
|
$0.30
|
| Operating Expenses |
$4,200
|
$1.47
|
| Total Expenses |
$5,046
|
$1.76
|
| Net Operating Income |
$11,754
|
$4.10
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $5.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $5.87 |
| Taxes | |
|---|---|
| Annual | $846 |
| Annual Per SF | $0.30 |
| Operating Expenses | |
|---|---|
| Annual | $4,200 |
| Annual Per SF | $1.47 |
| Total Expenses | |
|---|---|
| Annual | $5,046 |
| Annual Per SF | $1.76 |
| Net Operating Income | |
|---|---|
| Annual | $11,754 |
| Annual Per SF | $4.10 |
Property Facts
| Price | $225,000 | Lot Size | 0.07 AC |
| Price Per SF | $78.56 | Rentable Building Area | 2,864 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 5.20% | Year Built/Renovated | 1946/2020 |
| Property Type | Flex | Clear Ceiling Height | 20’ |
| Building Class | C | ||
| Zoning | B2 - B-2 Residential and Commercial | ||
| Price | $225,000 |
| Price Per SF | $78.56 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.20% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.07 AC |
| Rentable Building Area | 2,864 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1946/2020 |
| Clear Ceiling Height | 20’ |
| Zoning | B2 - B-2 Residential and Commercial |
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 10-30-454-001 | Total Assessment | $65,000 (2025) |
| Land Assessment | $4,900 (2025) | Annual Taxes | $846 ($0.30/SF) |
| Improvements Assessment | $60,100 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
10-30-454-001
Land Assessment
$4,900 (2025)
Improvements Assessment
$60,100 (2025)
Total Assessment
$65,000 (2025)
Annual Taxes
$846 ($0.30/SF)
Tax Year
2026 Payable 2026
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106 1st Ave NW
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