1255 Theatre Dr Ottumwa, IA 52501-3772
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.