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    OFF-MARKET
    Medical Office Space

    945 Tower Park Dr, Waterloo, IA 50701-9098

    12,493 SF 2.48 ac lot Built 2011
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US25-0318902
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Calderwood Laura V MD Physician
    • Dr. Steven A. Erickson Pediatrician Physician
    • Adrian Burton R MD Physician
    • va clinic Corporate Office
    • Jampoler Jennifer S Medical Clinic
    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
    Reel Deal Holdings LLC
    Reel Deal Holdings LLC
    since 2025
    2 recorded transactions
    2025
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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