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    Property profile & analytics

    1209 Flammang Dr Waterloo, IA 50702

    • Strip malls
    • 12,128 SF
    • 0.92 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $520,000
    Last Sale
    Nov 02, 2020
    $560,000
    Location Intelligence
    Property ID
    US25-0376943
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LibertyX Bitcoin ATM / Atm
    • Clean Laundry / Laundromat
    • BoxDrop Mattress & Furniture of Waterloo / Mattress Store / Furniture Store
    • Merch Madness / Discount Store

    Property Details for 1209 Flammang Dr

    Year built
    1993
    Lot size
    0.92 lot acres
    Property size
    12,128 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    8813-02-327-020
    APU
    881302327020

    Description

    This single-story, 12,215-square-foot retail center, built in 1993 and renovated in 2021, is located at 1209 Flammang Drive in Waterloo, Iowa (50702), at the corner of Flammang Drive and San Marnan Drive. The property sits on a 0.92-acre lot and features 51 parking spaces. Currently, one 1,866-square-foot end-cap suite is available, boasting an outdoor patio. This C-2 zoned property offers excellent visibility and high traffic counts, making it ideal for a variety of office or retail uses. The center benefits from strong co-tenancy with established businesses including Clean Laundry, QPS Employment Group, and BoxDrop Mattress. The property includes twelve suites in total. Estimated NNN expenses are $3.86 per square foot. The property's APN is 881302327020, and it's located in Black Hawk County, within the Cedar Falls submarket.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $605,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $610,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $650,000
      Retail
      $500,000
      Mixed-Use
      $635,000
      Hospitality
      $575,000
      Educational
      $475,000
      Residential Income
      $620,000
      Energy
      $485,000
      Income-Based Land
      $530,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.3322
    Latitude
    42.4621
    CBSA code
    47940
    CBSA name
    WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,365
    $367,200
    $590,890
    $958,090
    -
    $367,200
    $590,890
    $958,090

    Comparable in this City

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    • Value Estimation by Request
      5,030 SF

      2825 Xrds Blvd

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    • Value Estimation by Request
      7,500 SF

      2765 Xrds Blvd

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    • Value Estimation by Request
      6,912 SF

      1803 Laporte Rd

      SHOPPING CENTER, STRIP CENTER • 6,912 SF
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    • Value Estimation
      $280,000
      9,920 SF

      810 Laporte Rd

      SHOPPING CENTER, STRIP CENTER • 9,920 SF
      810 Laporte Rd, Waterloo, IA 50702-1834
      View Details
    • Value Estimation by Request
      10,920 SF

      3550 Kimball Ave

      SHOPPING CENTER, STRIP CENTER • 10,920 SF
      3550 Kimball Ave, Waterloo, IA 50702-5733
      View Details

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      Waterloo Convenience Store For Sale

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    Similar Nearby for Lease

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    • $18 SF/Yr
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      Flammang Drive Retail Center

      High-visibility Cedar Falls retail space.
      1209 Flammang Dr, Waterloo, IA 50702
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    • $6 SF/Yr
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      Crossroads Blvd Retail Space

      Waterloo, IA: 7,200 SF Retail Available
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    • $7 SF/Yr
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      Prime 6,714 SF Retail Space, Redevelopment Potential
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      Industrial Space with Shop in Waterloo

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    Waterloo, IA 50702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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