Financial
Distress signals
Property profile

2060 Sovia Dr Waterloo, IA 50702

FOR SALE
Strip malls
Property ID
US25-1226307
82,449 SF 10.62 ac lot Built 1975
Last sale Nov 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 5,379-square-foot retail suite located within Crossing Point Plaza at 2060 Sovia Drive, Suite 104, in Waterloo. It is situated in a C-2 zoned commercial center and was built in 1975. The plaza setting is supported by on-site co-tenants including Planet Fitness, Iowa DOT, Diamond Nails, and One Vision, and includes a large shared parking area. The center is positioned along East San Marnan Drive near the I-380 and US 218 interchange, within a broader retail corridor that includes Target, Kwik Star, and CVS.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$320k
Tax billed · 2023
Assessed value · 2024$8.30M
Assessed land$1.83M
Assessed improvement$6.47M
Effective rate3.85%

Value estimate

· Sep 2026
$1.13M
$1.02M – $1.24M
NOI build-up
Gross scheduled income$58k
Vacancy & credit loss−$5k
Operating expenses−$16k
NOI · 187,020.00% cap applied$37k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
187,020.00%
$37k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency13.8
Law Firm12.5
Parking Facility10.6

Location

2060 Sovia Dr Waterloo, IA 50702
County assessor Recorded deeds · 2 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

5 recorded sales · 16 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2060 Xrds, Waterloo, IA 50702-4424 $7,250,000 Jun 2025 385,709 SF
1205 San Marnan Dr, Waterloo, IA 50702-4383 $2,750,000 Nov 2021 No data
1209 Flammang, Waterloo, IA 50702-4384 $560,000 Nov 2020 12,128 SF
1913 Schukei, Waterloo, IA 50702-4315 $665,000 Apr 2020 10,730 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
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