1255 Theatre Dr Ottumwa, IA
Property profile & analytics
1255 Theatre Dr Ottumwa, IA
- Medical Office Space
- 5,074 SF
- 1.10 lot acres
Property ID
US25-2103562
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.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 1255 Theatre Dr
- Year built
- 2013
- Construction
- FRAME
- Lot size
- 1.10 lot acres
- Property size
- 5,074 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 7417850001000
- APU
- 7417850001000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,230,000
- ML approach
- $1,240,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $930,000
- 6.5%
- $860,000
- 7%
- $795,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ottumwa
- County
- Wapello
- State
- Iowa
- Longitude
- -92.438
- Latitude
- 41.019
- CBSA code
- 36900
- CBSA name
- OTTUMWA, IA MICROPOLITAN 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
2022
$43,368
$262,500
$1,117,590
$1,380,090
-
$262,500
$1,117,590
$1,380,090
