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Property profile & analytics
OFF-MARKET
Medical Office Space

36 Park Ln Waterloo, IA 50701-5178

3,472 SF 0.46 ac lot Built 1973
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US25-0411293
Property summary
AI-generated overview

This exceptional 3,472 square foot free-standing office building presents a unique opportunity in Waterloo, Iowa. Ideally situated for convenient access to Kimball Avenue, this property boasts a prime location and ample parking. The building offers a versatile layout, perfect for a variety of professional uses, particularly well-suited for medical practices. The main level offers a thoughtfully designed reception area and multiple offices, providing a professional and efficient workspace. In addition to the main level, a substantial 2,800 square foot lower level provides significant additional space, ideal for storage, expansion, or specialized functions. The 0.46-acre lot ensures ample parking for staff and clients. The building's existing configuration, with its multiple offices and reception area, makes it immediately ready for occupancy by a medical practice or similar business. However, its adaptable design allows for customization to suit a range of professional needs. This is a rare opportunity to acquire a well-maintained, free-standing office building in a highly desirable Waterloo location. The asking price of $419,000 reflects the exceptional value and potential of this property. Don't miss this chance to secure a prime commercial asset in a thriving community.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1973
Construction FRAME
Total area 3,472 SF
Lot 0.46 ac (20,211 SF)
APN 8813-04-276-016
UPID US25-0411293
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kemp Jeffrey A Physician
  • Farid F. Manshadi, M.D. Physician
  • Physical Medicine & Rehab-Ia Medical Clinic Physician
  • Roland Carroll PHD Physician Medical Clinic
  • Dr. Roy Lidtke Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Drew Reg Investments LLC · 2 yrs held
Drew Reg Investments LLC
since 2024
Last sale
$385,000
2 recorded transactions
2024
Price N/A
2024
$385,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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