1209 Flammang DrWaterloo, IA 50702

Property Details for 1209 Flammang Dr

Year built

1993

Lot size

0.92 AC

Property size (Sq ft)

12,128 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

8813-02-327-020

APU

881302327020

Description

This single-story, 12,215-square-foot retail center, built in 1993 and renovated in 2021, is located at 1209 Flammang Drive in Waterloo, Iowa (50702), at the corner of Flammang Drive and San Marnan Drive. The property sits on a 0.92-acre lot and features 51 parking spaces. Currently, one 1,866-square-foot end-cap suite is available, boasting an outdoor patio. This C-2 zoned property offers excellent visibility and high traffic counts, making it ideal for a variety of office or retail uses. The center benefits from strong co-tenancy with established businesses including Clean Laundry, QPS Employment Group, and BoxDrop Mattress. The property includes twelve suites in total. Estimated NNN expenses are $3.86 per square foot. The property's APN is 881302327020, and it's located in Black Hawk County, within the Cedar Falls submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $2,934,712

  6.5%

  $2,708,964

  7%

  $2,515,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,559,913

  Geo Method

  $1,559,913

• Alternative Use

  Use

  Valuation

  Residential

  $2,285,113

  Hospitality

  $2,093,151

  Educational

  $1,741,477

  Medical

  $1,801,369

  Retail

  $2,708,964

Location Insight

City

Waterloo

County

Black Hawk

State

Iowa

Latitude

42.4621

Longitude

-92.3322

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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