Property profile

57 E Tower Park Dr Waterloo, IA 50701

FOR LEASE
Banks
Property ID
US25-0412339
2,295 SF 0.61 ac lot Built 1997
Entity Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,295 square foot single-tenant office space is available for lease at $30 per square foot, NNN. Located at 57 E Tower Park Dr., this property boasts a highly desirable location with exceptional visibility and high traffic volume. Built in 1997, the single-story building sits on a 0.61-acre lot and is zoned C-2. The space features three individual offices, a convenient breakroom, and an attractive lobby area. A significant advantage is the inclusion of a 1,008 square foot canopy area, perfectly suited for drive-through lanes. The previous tenant was a bank, making this space ideally suited for a similar financial institution or a business requiring a similar layout. The property offers a rare opportunity to secure a well-positioned, versatile office space in a high-demand area. No elevators are present in this single-story building. The property is suitable for traditional, executive, or creative office uses. This is a single-tenant occupancy. The building's total square footage is 2,295 square feet, and the entire space is currently vacant.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1997
Total area 2,295 SF
Lot 0.61 ac (26,571 SF)
APN 8813-10-103-003
UPID US25-0412339

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

57 E Tower Park Dr Waterloo, IA 50701
Waterloo metro Census 3001 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2008
3 recorded transactions
2016
Price N/A
2008
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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