999 Home Plz Waterloo, IA 50701-4822
Property profile & analytics
999 Home Plz, Waterloo, IA 50701-4822
- Office buildings
- 35,822 SF
- 2.29 lot acres
Property ID
US25-0257045
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
- Peter Rhee, MD / Ophthalmologist
- Eslick Financial Group Inc / Financial Advisor
- Net Worth Advisors / Financial Advisor
- LSB Mortgage / Loan Service / Bank
- Higdon Home Loans / Loan Service / Bank
Property Details for 999 Home Plz
- Year built
- 1979
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.29 lot acres
- Property type
- Office buildings
- APN
- 8813-04-352-071
- APU
- 881304352071
Description
This exceptional Class A office building, located at 999 Home Plaza in Waterloo, Iowa, presents a compelling investment opportunity. The property boasts 43,963 square feet across three stories, situated on a 2.84-acre lot zoned R-3 and R-P. Built in 1979, the single building enjoys a highly visible corner location at the intersection of San Marnan Drive and Ansborough Avenue, offering excellent access and exposure. Currently operating under a modified net lease with multiple tenants, the building maintains a strong 94% occupancy rate. The asking price is $2,650,000, translating to a price per square foot of $60.28 and a projected cap rate of 7.80%. This makes it an attractive investment for those seeking a stable, high-performing asset in a desirable location. The property's executive office subtype caters to a sophisticated tenant base, further enhancing its long-term value and potential for appreciation. The building's solid construction and prime location in Black Hawk County, Iowa, with a 50701 zip code, contribute to its enduring appeal. This is a rare opportunity to acquire a well-established, multi-tenant office building with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,240,000
- AI Estimate
- $2,518,000
Market price range: $1.21M - $3.58MMarket price range: $1.62M - $4.49M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,655,000 Current use
- RETAIL STORES
- $2,385,000 Change: -10% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waterloo
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.3755
- Latitude
- 42.4585
- 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
$121,498
$314,350
$2,349,140
$2,663,490
-
$314,350
$2,349,140
$2,663,490
