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    57 Tower Park Dr Waterloo, IA 50701

    Sponsored
    For Lease
    $35 SF/Yr ($6,693 /Mo)

    2,295 SF Office, High Visibility

    Lot size:
    2,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,295 square foot single-tenant office space is available for lease at $30 per square foot, NNN. Located at 57 E Tower Park Dr., this property boasts a highly desirable location with exceptional visibility and high traffic volume. Built in 1997, the single-story building sits on a 0.61-acre lot and is zoned C-2. The space features three individual offices, a convenient breakroom, and an attractive lobby area. A significant advantage is the inclusion of a 1,008 square foot canopy area, perfectly suited for drive-through lanes. The previous tenant was a bank, making this space ideally suited for a similar financial institution or a business requiring a similar layout. The property offers a rare opportunity to secure a well-positioned, versatile office space in a high-demand area. No elevators are present in this single-story building. The property is suitable for traditional, executive, or creative office uses. This is a single-tenant occupancy. The building's total square footage is 2,295 square feet, and the entire space is currently vacant.

    Property Features for 57 Tower Park Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,295 SF
    Total Rate
    6693.75

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,295 SF
    Rate per SF
    $35

    HighLights

    • 2,295 SF single‑tenant office/retail space available for lease.
    • $30/SF NNN.
    • High‑traffic location with excellent visibility.
    • Includes 2,295 SF of office space plus a 1,008 SF canopy area.
    • Features three private offices, a breakroom, and a lobby.
    • Former bank location, ideal for financial institutions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shazam Atm Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.355195573201
    Latitude
    42.457429210484

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    FAQs

    What type of property is this?
    Office space - 2,295 SF Office, High Visibility
    Where is this office space located?
    The property is located at 57 Tower Park Dr Waterloo, IA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 2,295 SF single-tenant office/retail space available for lease.; $30/SF NNN.; High-traffic location with excellent visibility.
    Request Owner's contact information
    57 Tower Park 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
    57 Tower Park Dr Waterloo, IA 50701
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