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Property profile & analytics
OFF-MARKET
Strip malls

1039 Peoples Sq Waterloo, IA 50702-5740

4,057 SF 0.74 ac lot Built 2022
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1151360
Property summary
AI-generated overview

This exceptional Class A medical office building, completed in 2022, offers a unique opportunity in Waterloo, Iowa. Located at 1039 Peoples Square, this single building property boasts 4,500 total square feet situated on a 0.74-acre lot within Black Hawk County. The building features two suites, with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 4,500 square feet, allowing for flexibility to accommodate various needs. The impressive 14-foot ceilings provide a spacious and modern feel. This end-cap location offers excellent visibility and benefits from significant morning traffic due to its strategic position on a main thoroughfare leading to schools and major employment centers. The property is suitable for single or multiple tenants, making it an ideal investment for medical practices or related businesses seeking a high-profile location in a thriving community. The property's address is 1039 Peoples Square, Waterloo, IA 50702. The lot size is 32,060 square feet. The property type includes retail, restaurant, and office space, with a subtype specifically including medical office, restaurant, cafe, and coffee shop options.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2022
Construction WOOD
Total area 4,057 SF
Lot 0.74 ac (32,060 SF)
APN 8813-04-478-047
UPID US25-1151360
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tropical Smoothie Cafe Cafe & Coffee Shop
  • A+ Portable Toilet Rentals Production Facility Construction Company
  • Tim Howard Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Vi 2 LLC · 7 yrs held
Vi 2 LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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