Property profile

945 Tower Park Dr Waterloo, IA 50701

OFF-MARKET
Medical Office Space
Property ID
US25-0318902
12,493 SF 2.48 ac lot Built 2011
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, located at 945 Tower Park Drive in Waterloo, Iowa, offers 12,493 square feet of versatile space currently available for lease. Built in 2011, the property sits on a 2.48-acre lot within a well-established business park, providing excellent visibility and convenient access to Highway 20. The building features ample parking with 75 spaces available for tenants and visitors. The zoning is classified as C. The interior is adaptable to various needs, with the potential for subdivision into two or three suites. The minimum leasable space is 4,024 square feet, allowing for flexibility depending on tenant requirements. This property is ideal for businesses seeking a modern, well-maintained office space in a prime Waterloo location. The building's amenities include a waiting area, and the property is situated in Black Hawk County, Iowa, with a zip code of 50701. This is a rare opportunity to secure a significant amount of high-quality office space in a desirable location. The property is zoned for commercial use and offers a convenient and accessible location for employees and clients alike. The building's design and layout are conducive to a variety of business operations.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2011
Total area 12,493 SF
Lot 2.48 ac (108,028 SF)
APN 8813-09-102-003
UPID US25-0318902

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
  • Physician
  • Pediatrician Physician
  • Physician
  • Corporate Office
  • Medical Clinic

Location

945 Tower Park Dr Waterloo, IA 50701-9098
Waterloo metro Census 3001 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2021
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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