1205 San Marnan Dr Waterloo, IA 50702-4383
- Strip malls
- 19,800 SF
- 1.31 lot acres
Current Use by Public Records
- Coin Cloud Bitcoin ATM / Atm / Crypto Atm
- Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant
- Neighborhood Home Sleep Center / Mattress Store / Bedroom Furniture Store
- Bitstop Bitcoin ATM / Crypto Atm / Atm
Property Details for 1205 San Marnan Dr
- Year built
- 1993
- Lot size
- 1.31 lot acres
- Property size
- 19,800 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 8813-02-327-019
- APU
- 881302327019
Description
This exceptional 1,354 square foot retail space is part of a redeveloped 19,800 square foot retail center situated on a 1.31-acre lot (56,889 square feet) at the highly visible corner of San Marnan and Flammang Drives in Black Hawk County. The property, with APN 881302327019 and C-2 zoning, boasts a prime location across from Waterloo's Crossroads Mall, ensuring significant foot traffic and brand recognition. Nearby major retailers include Wal-Mart, Target, Dick's Sporting Goods, Barnes & Noble, Best Buy, PetSmart, and Staples, creating a strong retail synergy. The building, constructed in 1993 and extensively renovated in 2023, features a single story with 84 total parking spaces. A new RNR Tire Express location is under development, further enhancing the property's appeal and drawing increased customer traffic. The 1,354 square feet of vacant space presents a unique opportunity for a variety of retail businesses. The facade remodel is anticipated for the second or third quarter of 2023. Estimated Net, Net, Net (NNN) expenses are $4.75 per square foot. This is a rare chance to secure a prominent retail presence in a thriving Waterloo commercial corridor.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,765,000
- 6.5%
- $2,680,000
- 7%
- $2,445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,565,000
- Geo Method
- $2,560,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,015,000
- Retail
- $2,520,000
- Mixed-Use
- $2,645,000
- Hospitality
- $2,820,000
- Educational
- $2,700,000
- Residential Income
- $2,270,000
- Energy
- $2,650,000
- Income-Based Land
- $2,945,000
- Food Service
- $2,985,000
Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.3316
- Latitude
- 42.4616
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
