3 Tower Park Dr Waterloo, IA 50701
This exceptional 1.602-acre commercial lot, located at Lot 3 Tower Park Drive in Waterloo, Iowa (zip code 50701), presents a unique investment opportunity. Situated within a prime Waterloo business park, this property boasts a desirable BP zoning designation, allowing for a variety of commercial developments. The lot offers excellent highway visibility from Highway 20, ensuring high traffic exposure for any future business. Utilities are readily available, simplifying the development process. Furthermore, Tax Increment Financing (TIF) incentives may be available, potentially reducing development costs. The land is priced at $6 per square foot. The business park setting provides a strategic location with access to established infrastructure and a thriving business community. For developers seeking a build-to-suit option, this property offers the flexibility to create a custom-designed commercial space tailored to specific business needs. This is an exceptional chance to acquire a strategically located commercial lot with significant development potential in a growing area. The property's size and location make it ideal for a range of commercial ventures. Don't miss this opportunity to secure a prime piece of commercial real estate in Waterloo, Iowa.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.