941 San Marnan Dr Waterloo, IA 50702-5611
Property profile & analytics
941 San Marnan Dr, Waterloo, IA 50702-5611
- Turn key restaurants
- 5,390 SF
- 1.44 lot acres
Property ID
US25-0230460
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 941 San Marnan Dr
- Year built
- 2002
- Construction
- FRAME
- Lot size
- 1.44 lot acres
- Property type
- Turn key restaurants
- APN
- 8813-03-476-046
- APU
- 881303476046
Description
This exceptional 5,390-square-foot restaurant building, formerly a Red Lobster, presents a unique investment opportunity in Waterloo, IA. Situated on a highly visible 1.4-acre lot at 941 E San Marnan Dr, this Class B property boasts a prime location within a thriving commercial hub, enjoying exceptional visibility and accessibility from the high-traffic intersection of routes 20/23 (over 45,000 vehicles daily). The property features ample parking (50+ spaces) and 220-volt power, making it suitable for a variety of restaurant or commercial uses. Its strategic location places it near major retailers such as Walmart, Home Depot, Target, Olive Garden, and Longhorn Steakhouse, ensuring high foot traffic and brand recognition. Furthermore, its proximity to Mercy One Hospital and West High School provides a consistent customer base. The surrounding area demonstrates strong economic indicators, with an average household income exceeding $120,000 within a 5-mile radius, a population of over 75,000, and over 34,000 households. The property is zoned Commercial/Residential and offers significant potential for a savvy investor or business owner looking to establish a presence in a dynamic and growing market. Waterloo's position as the Black Hawk County seat, coupled with its robust economy and thriving entrepreneurial ecosystem, makes this a compelling investment opportunity. The city's advanced manufacturing and research & development sector, anchored by TechWorks Campus, further solidifies its long-term growth prospects.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $711,000
- AI Estimate
- $616,000
Market price range: $264k - $886kMarket price range: $253k - $645k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.3375
- Latitude
- 42.4582
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$61,698
$974,400
$687,830
$1,662,230
-
$974,400
$687,830
$1,662,230
