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LOT 2 Faithway Dr, Cedar Falls, IA, 50613

--beds
--baths
--sqft
$7
--price/sqft
$121/moest. monthly cost
$4,840/yrincome needed

About This Home

+/-1.65 acre commercial lot priced at $7.00 PSF. Can be combined with adjoining lot for up to +/-3.26 acres. Great location with visibility from Greenhill Rd. Strong office/retail possibilities!

Getting Around

17
WalkingCar-Dependent
16
TransitMinimal Transit
59
BikeBikeable

Schools

6/10
8/10
Peet Junior High SchoolGrades 7-91.4 mi
7/10
Cedar Falls High SchoolGrades 10-122.8 mi

Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Property

Details

  • Parcel number: 891330126008
  • Attached to another structure: Yes
  • Zoning: MU

Features

  • Topography of land: Cleared/Open

Lot

  • Lot size: 1.65 Acres
  • Features: Buildable
  • Lot size dimensions: IRREG

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Winter Weather
Hail
Strong Wind
Cold Wave
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Iowa Counties

Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $0$0
Home Insurance *$0$0
Property Taxes $0$0
Electricity $121$1,452
Total$121$1,452
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$4,148/yr
40% on housing$3,630/yr
45% on housing$3,226/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.2%
13.2%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 50613$184
Black Hawk County$138

vs Homes Sold Last Month

Median $/sqft

ZIP 50613$143
Black Hawk County$123

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-04Listed for sale$7
2026-01-29Listing removed$7
2025-07-28Listed for sale$7
2025-07-28Listing removed$7
2025-01-28Listed for sale$7

For Sale by Agent

AgentChris Fischels
BrokerageFischels Commercial Group

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