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Property profile & analytics
OFF-MARKET Estimated value $665,000
Office buildings

3731 Pheasant Ln Waterloo, IA 50701-5215

7,780 SF 0.59 ac lot Built 2004
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0165215
Property summary
AI-generated overview

This exceptional 288 square foot office suite, located within a larger 7,780 square foot professional building at 3731 Pheasant Lane in Waterloo, Iowa, presents a fantastic opportunity for a solo practitioner or small business. Built in 2004, the building boasts a convenient South Waterloo location and offers ample parking with 31 total spaces available. The suite itself is a garden level unit, featuring a sink and a window, providing natural light and a pleasant work environment. The property is zoned R-4 and sits on a 0.59-acre lot. The building includes an elevator for easy access. This single-tenancy space is perfect for a variety of uses, including but not limited to massage therapy or counseling services. The property also offers signage opportunities, enhancing visibility and attracting clients. The property's APN is 881304477003, located in Black Hawk County, Iowa, zip code 50701. This is a rare opportunity to secure a well-appointed office space in a desirable location. Don't miss out on this chance to establish your business in a thriving community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Construction FRAME
Total area 7,780 SF
Lot 0.59 ac (25,655 SF)
APN 8813-04-477-003
UPID US25-0165215
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
  • Rhonda K. Herum, LISW Social Worker Family Counselor
  • Katherine Dinges, LISW Counseling Service Family Counselor Counselor
  • Karen K. Connection Real Estate Agency
  • Easy Street Realty Real Estate Agency
  • RE/MAX HOME GROUP : Rocky Smalley Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
$835k
Comparable Approach Comparable
$573k
Blend (final) Blend
$665k
Owner & transaction history
Keepin It Real Estate LLC · 2 yrs held
Keepin It Real Estate LLC
since 2023
Last sale
$750,000
3 recorded transactions
2023
Price N/A
2023
$750,000
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $770,000 +33.6%
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