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Property profile & analytics
OFF-MARKET Estimated value $1,205,000
Medical Office Space

1255 Theatre Dr Ottumwa, IA 52501-3772

5,074 SF 1.1 ac lot Built 2013
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US25-2103562
Property summary
AI-generated overview

This exceptional 5,074 square foot medical office building, constructed in 2013, is situated on a 1.1-acre lot at the highly visible corner of Quincy Avenue and Highway 34 in Ottumwa, Iowa. The single-tenant property boasts a prime location within Ottumwa's main retail corridor, ensuring excellent exposure and accessibility. The building features 53 total parking spaces for ample client and staff convenience. The property's strategic placement offers significant advantages, including co-tenancy with Aspen Dental and proximity to major retailers such as Hy-Vee, Hobby Lobby, Bomgaars, Aldi, and TJ Maxx, creating a strong retail synergy. The building's design allows for a potential drive-thru installation on the east side, further enhancing its operational flexibility. Prominent monument signage and two-sided building signage provide exceptional branding opportunities. The property is zoned for retail and office use, making it an ideal investment for a variety of medical practices. This single-story building offers 5,074 square feet of functional space, perfect for a growing medical business seeking a high-profile location in a thriving commercial area. The property's location in Wapello County, Iowa, with a 52501 zip code, offers easy access to major transportation routes.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2013
Construction FRAME
Total area 5,074 SF
Lot 1.1 ac (47,916 SF)
APN 7417850001000
UPID US25-2103562
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
$860k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.21M
Owner & transaction history
Northeast Iowa Rentals LLC · 4 yrs held
Northeast Iowa Rentals LLC
since 2021
Last sale
$1.7M
4 recorded transactions
2022
Price N/A
2021
$1.7M
2018
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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