Financial
Distress signals
Property profile

1655 E San Marnan Dr Waterloo, IA 50702

FOR SALE
Strip malls
Property ID
US25-1142144
14,840 SF 1.34 ac lot Built 2015
Last sale Oct 2022 · $130,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 2,224-square-foot medical office suite built out for clinical operations and constructed in 2015, configured with multiple exam rooms, a treatment area, a staff lounge, and lab/prep space. The space is zoned C-2 and was presented for lease use. The suite is located at 1655 E San Marnan Drive #E in Waterloo, positioned along a heavily traveled retail corridor near the I-380 and US 218 interchange, with nearby retail including Target, Kwik Star, and CVS, and ample parking to serve the area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$103k
Tax billed · 2023
Assessed value · 2024$2.73M
Assessed land$938k
Assessed improvement$1.80M
Effective rate3.78%

Value estimate

· Sep 2026
$115k
$104k – $127k
NOI build-up
Gross scheduled income$26k
Vacancy & credit loss−$6k
Operating expenses−$5k
NOI · 45,515.63% cap applied$15k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
45,515.63%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBLACK HAWK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.5
Law Firm17.0
Building Supply15.8

Location

1655 E San Marnan Dr Waterloo, IA 50702
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 16 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2060 Xrds, Waterloo, IA 50702-4424 $7,250,000 Jun 2025 385,709 SF
1205 San Marnan Dr, Waterloo, IA 50702-4383 $2,750,000 Nov 2021 No data
1209 Flammang, Waterloo, IA 50702-4384 $560,000 Nov 2020 12,128 SF
1913 Schukei, Waterloo, IA 50702-4315 $665,000 Apr 2020 10,730 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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