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    1255 Theatre Dr Ottumwa, IA

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    For Lease
    Contact for pricing

    Ottumwa retail/office space with high visibility and co-tenancy.

    Property size:
    1,829 SF
    Lot size:
    1.10 Acres

    Property Features for 1255 Theatre Dr

    General Information

    Size
    1,829 SF
    Lot size
    1.10 Acres

    Source: CBRE Agent Drew Rosonke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Retail/Office Space

    Located at the intersection of Quincy Avenue and Highway 34 in Ottumwa's main retail area, this property offers 1,829 square feet of space suitable for office or retail use. The site benefits from high visibility and shares tenancy with Aspen Dental. The property features 53 parking stalls and the possibility of adding a drive-thru on the east side. Monument signage is available, along with two-sided building signage. Nearby retailers include Hy-Vee, Hobby Lobby, Bomgaars, Aldi, and TJ Maxx. The available space was previously used for medical purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.4083022
    Latitude
    41.0160293

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    FAQs

    What type of property is this?
    Office space - Ottumwa retail/office space with high visibility and co-tenancy.
    Where is this office space located?
    The property is located at 1255 Theatre Dr Ottumwa, IA.
    What are key features of this property?
    This property features: - Located at the hard corner of Quincy Avenue & Highway 34 in Ottumwa’s primary retail corridor, offering **high visibility**.; - Co-tenancy with Aspen Dental.; - **Drive-thru possibility** on the east side.
    (515) 612-5494
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1255 Theatre Dr Ottumwa, IA
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