Free-Standing Medical Office
For Sale
Contact for pricing
236 National Drive, Waterloo, IA 50701
Updated single-tenant medical office with private parking lot, street-front visibility, and basement storage, available June 2027.
Property Size6,074 SF
Price / SF$0.00
Days on Market95
Property Features for 236 National Drive
General Information
Standard status
Active
Size
6,074 SF
Property subtype
Commercial
Zoning
R-1,C-Z
Lease Type
Net
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$22,626
Amenities
City Street
0.68
6074
Building Details
Building Size
6,074 SF
Year Built
1979
Stories
1
Tenancy
Single
Listing Agency:
Edge Realty Group
(319) 393-0900
Listed By:
Nicki Kramer
(319) 981-2889
Source:
Pinnaclerealtyia
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 14 at 8:48PM
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 Edge Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This free-standing, single-tenant medical office building at 236 National Drive in Waterloo, IA offers a turn-key layout with updated interiors. The main level includes 4,820 sq. ft., supported by an additional 1,254 sq. ft. of versatile basement storage for a total of 6,074 sq. ft.
The property features seamless patient and staff access with a large, dedicated private parking lot. Street-frontage provides visibility for identity and wayfinding.
Available June 2027, this standalone facility is designed to function as a dedicated professional setting within a convenient, easily accessible corridor.
The property features seamless patient and staff access with a large, dedicated private parking lot. Street-frontage provides visibility for identity and wayfinding.
Available June 2027, this standalone facility is designed to function as a dedicated professional setting within a convenient, easily accessible corridor.
Key Highlights
- Single‑tenant, free‑standing medical office building built in 1979
- Main level totals 4,820 sq. ft. with an additional 1,254 sq. ft. of basement storage (6,074 sq. ft. total)
- Large dedicated private parking lot with city‑street frontage for convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,779
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,580
$795.6K
Cap Rate 7%
$568,271
$568.3K
Cap Rate 9%
$441,989
$442.0K
Market Conditions
NOI Build-Up for 6,074 SF
Gross rent
$70.0K $11.52/SF
− Vacancy
−$16.9K −$2.79/SF
EGI
$53.0K $8.73/SF
− OpEx
−$13.3K −$2.18/SF
NOI
$39.8K $6.55/SF
Area
Black Hawk County, IA
Vacancy
24.20%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,580
Cap Rate 7%
$568,271
Cap Rate 9%
$441,989
Alternative Uses
Best Use
Healthcare Medical
$820.0K
$717.5K – $956.7K
NOI $57,399 @ 7.0% cap · market cap 239,162.50%
Second Best
Office B
$568.3K
$497.2K – $663.0K
NOI $39,779 @ 7.0% cap · market cap 165,745.83%
Theoretical Best
Mixed Use
$7.61M
$6.66M – $8.88M
NOI $532,994 @ 7.0% cap · market cap 2,220,808.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50701, IA
29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated single-tenant medical office with private parking lot, street-front visibility, and basement storage, available June 2027.
Where is this medical office space located?
The property is located at 236 National Drive Waterloo, IA.
What are key features of this property?
This property features: Single‑tenant, free‑standing medical office building built in 1979; Main level totals 4,820 sq. ft. with an additional 1,254 sq. ft. of basement storage (6,074 sq. ft. total); Large dedicated private parking lot with city‑street frontage for convenient access
