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Property profile & analytics

36 Park Ln Waterloo, IA 50701

  • Medical offices
  • 3,472 SF
  • 0.46 lot acres
Value Estimation
Last Sale
Jan 22, 2024
$385,000
Location Intelligence
Property ID
US25-0411293
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Kemp Jeffrey A / Physical Therapist
  • Farid F. Manshadi, M.D. / Sports Medicine Physician / Doctor
  • Physical Medicine & Rehab-Ia / Doctor / Sports Medicine Clinic
  • Roland Carroll PHD / Psychologist
  • Dr. Roy Lidtke / Podiatrist / Surgeon

Property Details for 36 Park Ln

Year built
1973
Construction
FRAME
Lot size
0.46 lot acres
Property size
3,472 SF
Property type
Medical offices
Property subtype
Medical centers
APN
8813-04-276-016
APU
881304276016

Description

This exceptional 3,472 square foot free-standing office building presents a unique opportunity in Waterloo, Iowa. Ideally situated for convenient access to Kimball Avenue, this property boasts a prime location and ample parking. The building offers a versatile layout, perfect for a variety of professional uses, particularly well-suited for medical practices. The main level offers a thoughtfully designed reception area and multiple offices, providing a professional and efficient workspace. In addition to the main level, a substantial 2,800 square foot lower level provides significant additional space, ideal for storage, expansion, or specialized functions. The 0.46-acre lot ensures ample parking for staff and clients. The building's existing configuration, with its multiple offices and reception area, makes it immediately ready for occupancy by a medical practice or similar business. However, its adaptable design allows for customization to suit a range of professional needs. This is a rare opportunity to acquire a well-maintained, free-standing office building in a highly desirable Waterloo location. The asking price of $419,000 reflects the exceptional value and potential of this property. Don't miss this chance to secure a prime commercial asset in a thriving community.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $385,000
  • CAP approach

    CAP return
    Estimation
    6%
    $465,000
    6.5%
    $420,000
    7%
    $435,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $360,000
    Geo Method
    $440,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $490,000
    Retail
    $480,000
    Mixed-Use
    $405,000
    Hospitality
    $395,000
    Educational
    $480,000
    Residential Income
    $490,000
    Energy
    $480,000
    Income-Based Land
    $400,000
    Food Service
    $455,000

Location Insight

  • Map
  • Local Demand
City
Waterloo
County
Black Hawk
State
Iowa
Longitude
-92.3583
Latitude
42.4662
CBSA code
47940
CBSA name
WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,393
$50,530
$264,220
$314,750
-
$50,530
$264,220
$314,750
More about this property
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