0 +/- 12.23 Acres Tower Park Dr Waterloo, IA 50701
This exceptional 12.23-acre commercial land parcel presents a unique investment opportunity in Waterloo, Iowa. Located in a prime business park setting with excellent Highway 20 visibility, this property offers significant potential for development. The parcel is zoned BP, allowing for a variety of commercial uses. Utilities are readily available, simplifying the development process. The property's strategic location within the business park provides easy access to major transportation routes and a thriving commercial environment. This offering includes the option to purchase the entire 12.23-acre parcel or select smaller lots ranging from approximately 0.947 to 5.083 acres. The Black Hawk County location, with its APN 881309201030, further enhances the property's appeal. Adding to its attractiveness are the available Tax Increment Financing (TIF) incentives, which can significantly reduce development costs. This is an exceptional opportunity to acquire a substantial land holding in a dynamic and growing commercial area. The asking price for the entire 12.23-acre parcel is $1,250,000. Don't miss this chance to secure a prime location for your next commercial venture.
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.