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Property profile & analytics
OFF-MARKET
Land

5 Tower Park Dr Waterloo, IA 50701

1.29 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.294-acre commercial lot is situated in Waterloo, Iowa's desirable Tower Park Drive business park, offering unparalleled visibility from Highway 20. Zoned BP, this parcel presents a unique opportunity for developers and businesses seeking a strategic location with excellent access and infrastructure. The lot's size allows for considerable flexibility in development plans, catering to a variety of commercial projects. Utilities are readily available, simplifying the construction process and minimizing upfront costs. Furthermore, the property benefits from Tax Increment Financing (TIF) incentives, making it an even more attractive investment. This prime location within the business park provides easy access to major transportation routes, ensuring convenient commutes for employees and efficient logistics for businesses. The asking price reflects a land value of $6 per square foot, representing a competitive investment in a thriving Iowa market. The property is ready for immediate development, presenting a rare chance to secure a highly visible and strategically located commercial lot in a rapidly growing area. Detailed zoning information and TIF incentive specifics are available upon request.

Property profile
Verified
Property type Land
Lot 1.29 ac (56,367 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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