305 San Marnan Dr, Waterloo, IA 50702-5837
This exceptional 6,084-square-foot freestanding office building presents a unique investment opportunity in Waterloo, Iowa. Located on a 0.38-acre lot at 305 E San Marnan Drive, the property enjoys high visibility due to its prominent position and an average daily traffic count of 18,800 vehicles. Previously utilized as a medical office, the building features a well-designed layout including a large waiting/reception area, numerous exam rooms, and several private offices, making it ideal for a variety of professional uses. The convenient location offers easy access to Highway 20, ensuring excellent accessibility for clients and employees. Ample parking is provided with 17 available stalls. A key advantage is the presence of separate entrances to the lower level, allowing for owner-occupancy and the potential for additional rental income from a tenant. This versatile property offers a blend of functionality, visibility, and income potential, making it an attractive proposition for discerning investors or businesses seeking a well-established space in a thriving location. The asking price is $597,500.
-
Annie M Kontos, DO Pediatrician Physician
-
A & M Windows Doors & More Hardware & Home Improvement Production Facility
-
Windows of Iowa Hardware & Home Improvement Interior Design
-
Michelle Kunkle Physician
-
RbA of Central Iowa Hardware & Home Improvement Interior Design
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.