Medical Office
1210 Southtown Drive Waterloo, IA 50702
1210 Southtown Drive, Waterloo, IA, 50702
$269,900
For Sale
$269,900
Office building with reception, multiple rooms, and large parking on a 0.51-acre lot.
Property Size2,972 SF
Lot Size0.51 Acres
Price / SF$90.81
Days on Market51
Property Features for 1210 Southtown Drive
General Information
- Standard status
- Active
- Size
- 2,972 SF
- Lot size
- 0.51 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing agency
BARNER REALTY & AUCTION
(319) 270-3747
Listed by
Tina Wing
(319) 270-3747
Source
Pinnaclerealtyia
Added: Jun 2 Updated: Jul 22 at 11:27AM Checked: Jul 22 at 11:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BARNER REALTY & AUCTION
Investment Insights
Based on property information with market context.
This 2,972 SF office building is set on a 0.51-acre lot and designed for a variety of healthcare and professional uses. The property includes a welcoming reception area with a vaulted ceiling, multiple offices and exam rooms, and kennel or large storage areas.
The building is conveniently located on Southtown Drive near Dan Deery, Home Depot, Walmart, and Crossroads Mall, providing access and strong visibility within a commercial corridor.
The interior layout supports flexible utilization across office and exam functions, with parking available on the property for client and staff access.
The building is conveniently located on Southtown Drive near Dan Deery, Home Depot, Walmart, and Crossroads Mall, providing access and strong visibility within a commercial corridor.
The interior layout supports flexible utilization across office and exam functions, with parking available on the property for client and staff access.
Key Highlights
- 2,972 SF office building built in 1981 on a 0.51‑acre lot
- Large parking area plus reception area with vaulted ceiling
- Multiple offices and exam rooms for professional use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $11.52 |
| − Vacancy | −$8.3k | −$2.79 |
| EGI | $26.0k | $8.73 |
| − OpEx | −$6.5k | −$2.18 |
| NOI | $19.5k | $6.55 |
2,972 SF · lease $11.52/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$401.2K
$351.1K – $468.1K
NOI $28,085 @ 7.0% cap · market cap 10.41%
Second Best
Office B
$278.1K
$243.3K – $324.4K
NOI $19,464 @ 7.0% cap · market cap 7.21%
Theoretical Best
Mixed Use
$3.73M
$3.26M – $4.35M
NOI $260,793 @ 7.0% cap · market cap 96.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Klima Small Animal ...
Veterinary Clinic
Klima Small Animal ...
Veterinary Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Klima Small Animal Clinic: Shoemaker Kristin DVM — 1210 Southtown Dr, Waterloo, IA 50702
- Klima Small Animal Clinic — 1210 Southtown Dr, Waterloo, IA 50702
FAQs
What type of property is this?
Medical Office Space - Office building with reception, multiple rooms, and large parking on a 0.51-acre lot.
Where is this medical office space located?
The property is located at 1210 Southtown Drive Waterloo, IA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,972 SF office building built in 1981 on a 0.51‑acre lot; Large parking area plus reception area with vaulted ceiling; Multiple offices and exam rooms for professional use
