You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $2,720,000
Strip malls

1205 San Marnan Dr Waterloo, IA 50702-4383

19,800 SF 1.31 ac lot Built 1993
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US25-0189566
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1993
Total area 19,800 SF
Lot 1.31 ac (56,889 SF)
APN 8813-02-327-019
UPID US25-0189566
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
  • Coin Cloud Bitcoin ATM Atm Crypto Atm
  • Little Caesars Pizza Restaurant
  • Neighborhood Home Sleep Center Furniture & Home Goods
  • Bitstop Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.39M
CAP Approach CAP
$3.24M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.72M
Owner & transaction history
Black Hawk Fidelity Corp · 4 yrs held
Black Hawk Fidelity Corp
since 2022
Last sale
$2.8M
2 recorded transactions
2022
Price N/A
2021
$1.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.5M +286.7%
Restaurant $1.7M +167.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1205 San Marnan Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message