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    San Marnan Dr Waterloo, IA 50701

    For Sale
    $776,457

    2.3 Acres, High Traffic, Hwy 20 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.3-acre commercial lot presents a compelling investment opportunity in Waterloo, Iowa. Strategically located in a prime business park setting, this property boasts unparalleled visibility due to its position between US Highway 20 and the major arterial San Marnan Drive, experiencing an average daily traffic count of 22,000 vehicles. The lot is zoned R-4 and R-P, offering flexibility for a variety of commercial developments. All necessary utilities are readily available, and the City of Waterloo offers Tax Increment Financing (TIF) incentives to qualified projects, further enhancing the financial attractiveness of this opportunity. The asking price is $776,457, translating to a price per square foot of $7.75. The property's APN is 881309201027. This high-traffic location, combined with available incentives and excellent highway visibility, makes this a truly exceptional opportunity for commercial development in a thriving Iowa market. The address is San Marnan Drive, Waterloo, IA 50701, within Black Hawk County.

    Property Features for 0 San Marnan Dr

    General Information

    Property type
    Land
    Lot Size
    100,188 SF

    HighLights

    • 2.3‑acre commercial lot in Waterloo, IA, ideal for development.
    • High visibility location between US Highway 20 and San Marnan Drive (22,000 ADT).
    • R‑4 and R‑P zoning allows for diverse commercial uses.
    • All utilities available; Tax Increment Financing (TIF) incentives offered.
    • Asking price: $776,457 ($7.75/sq ft); APN: 881309201027.
    • Address: San Marnan Drive, Waterloo, IA 50701 (Black Hawk County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.364938804964
    Latitude
    42.457682983359

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    FAQs

    What type of property is this?
    Land - 2.3 Acres, High Traffic, Hwy 20 Visibility
    Where is this land located?
    The property is located at San Marnan Dr Waterloo, IA.
    What is the asking price?
    The asking price for this property is $776,457.
    What are key features of this property?
    This property features: 2.3-acre commercial lot in Waterloo, IA, ideal for development.; High visibility location between US Highway 20 and San Marnan Drive (22,000 ADT).; R-4 and R-P zoning allows for diverse commercial uses.
    Request Owner's contact information
    San Marnan Dr Waterloo, IA 50701
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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
    San Marnan Dr Waterloo, IA 50701
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