36 Park Ln Waterloo, IA 50701
- Medical offices
- 3,472 SF
- 0.46 lot acres
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
-
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