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Financial
Distress signals
Property profile

1535 Flammang Dr Waterloo, IA 50702

OFF-MARKET
Turn key restaurants
Property ID
US25-0304757
7,752 SF 2.02 ac lot Built 1999
Last sale Jul 2009 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$55k
Tax billed · 2023
Assessed value · 2024$1.45M
Assessed land$752k
Assessed improvement$694k
Effective rate3.81%

Value estimate

· Oct 2026
$575k
$518k – $633k
Submarket $/SF estimate$619k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$49 – $164

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBLACK HAWK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.0
Law Firm21.7
Building Supply18.1

Location

1535 Flammang Dr Waterloo, IA 50702-4371
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2602 Xrds, Waterloo, IA 50702-4412 $7,250,000 Jun 2025 8,960 SF
931 5th, Waterloo, IA 50702 $275,000 Jan 2024 8,785 SF
135 Ridgeway, Waterloo, IA 50702-5017 $1,257,500 Feb 2023 10,957 SF
1916 Mitchell, Waterloo, IA 50702-1815 $290,000 Mar 2022 6,379 SF
320 Laporte, Waterloo, IA 50702 $330,000 Jan 2022 9,744 SF
2532 Xrds, Waterloo, IA 50702-4414 $279,000 Jun 2021 8,573 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $315,000
    7,312 SF
    1516 Laporte Rd
    RETAIL STORES (PERSONAL SERVICES)
    1516 Laporte Rd, Waterloo, IA 50702-2714
    View Details
  • Value Estimation
    $275,000
    5,124 SF
    360 Ridgeway Ave
    RESTAURANT
    360 Ridgeway Ave, Waterloo, IA 50702-5042
    View Details
  • Value Estimation
    $390,000
    12,065 SF
    2018 Sears St
    SHOPPING CENTER, STRIP CENTER
    2018 Sears St, Waterloo, IA 50702-4401
    View Details
  • Value Estimation
    $485,000
    4,890 SF
    1818 Laporte Rd
    RESTAURANT
    1818 Laporte Rd, Waterloo, IA 50702-2744
    View Details
  • Value Estimation
    $680,000
    4,803 SF
    1331 Flammang Dr
    DRIVE-THRU RESTAURANT, FAST FOOD
    1331 Flammang Dr, Waterloo, IA 50702-4367
    View Details
  • Value Estimation
    $365,000
    3,081 SF
    1925 Laporte Rd
    DRIVE-THRU RESTAURANT, FAST FOOD
    1925 Laporte Rd, Waterloo, IA 50702-2741
    View Details

Similar Nearby for Sale

  • $1,500,000
    6,720 SF
    Multi-Tenant Strip Center
    Multi-tenant retail property with long-term leases, street frontage, and C-1,C-Z zoning.
    3620-3628 Kimball Avenue, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    6,714 SF
    Retail Banking Building with Drive-Thru
    Standalone retail banking building includes a drive-thru canopy and large paved outdoor area for flexible retail use.
    2532 Crossroads Boulevard, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    8,960 SF
    Freestanding Retail Storefront
    Large display windows, signage opportunities, and on-site parking support customer-facing commercial use.
    2602 Crossroads Boulevard, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    3,770 SF
    Retail Shell Suite in Plaza
    Flexible shell space in a busy retail plaza off the I-380/US 218 interchange with strong area co-tenants.
    2060 Sovia Drive, Waterloo, IA 50702
    View Details
  • New
    $135,000
    3,297 SF
    Vacant Retail/Office Building
    Vacant, high-visibility commercial building with a wide-open layout, dedicated parking, and exterior signage opportunities on a major roadway.
    701 W 5th Street, Waterloo, IA 50702
    View Details
  • New
    Contact for pricing
    20,220 SF
    Big-Box Retail Space
    Power-center setting with Best Buy, Barnes & Noble, PetSmart, and McGregors Furniture as named anchors.
    1542 Flammang Drive, Waterloo, IA 50702
    View Details

Similar Nearby for Lease

  • New
    Contact for pricing
    6,714 sqft
    Crossroads Mall Retail Redevelopment Site
    2.5-acre retail site at Crossroads Mall for redevelopment.
    2532 Crossroads Boulevard, Waterloo, IA 50702
    View Details
  • Contact for pricing
    8,960 sqft
    Freestanding Retail Building
    Flexible commercial layout with storefront windows, on-site parking, and prominent signage opportunities.
    2602 CROSSROADS BLVD, Waterloo, IA 50702
    View Details
  • New
    $12 SF/Yr
    14,040 sqft
    Retail Suite with Private Restrooms
    Suite A offers 3,000 SF with private restrooms and storage, near the I-380/San Marnan Drive corridor.
    2027 Crossroads Boulevard, Waterloo, IA 50702
    View Details
  • $22 SF/Yr
    3,000 sqft
    Retail Suite with Private Restrooms
    Flexible retail space includes dedicated storage and a layout suited to customer-facing operations.
    A2-2027 Crossroads Blvd, Waterloo, IA 50702
    View Details
  • Contact for pricing
    21,500 sqft
    In-Line Junior Box Retail Space
    Open-format retail space with broad storefront glazing, customer parking, and prominent signage opportunities.
    1522 FLAMMANG DR, Waterloo, IA 50702
    View Details
  • New
    $31 SF/Yr
    2,400 sqft
    End-Cap Retail Space
    An open-shell layout includes existing HVAC and one restroom, with utilities available.
    1021 Peoples Sq, Waterloo, IA 50702
    View Details
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