1655 San Marnan DrWaterloo, IA 50702

Property Details for 1655 San Marnan Dr

Year built

2015

Construction

METAL FRAME

Lot size

1.34 AC

Property size (Sq ft)

14,840 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

8813-02-201-025

APU

881302201025

Description

This exceptional 2,406-square-foot office space is situated in Waterloo, Iowa's vibrant Crossroads shopping area at 1655 E San Marnan Dr, zip code 50702. Located within a larger 14,840-square-foot building constructed in 2015, this single-tenant property sits on a 1.34-acre lot (58,545 square feet) and benefits from excellent visibility and signage opportunities along San Marnan Drive. Currently configured as a medical office, this versatile space presents numerous possibilities for various business types. The property's C-2 zoning provides flexibility for a range of uses. Ample parking is available for employees and clients. The building is located in Black Hawk County and offers a convenient location within a thriving commercial area. This property represents a unique opportunity to acquire a well-located, adaptable office space in a high-traffic retail environment. The building features one structure.

• CAP approach

  CAP return

  Valuation

  6%

  $3,590,956

  6.5%

  $3,314,729

  7%

  $3,077,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,908,733

  Geo Method

  $1,908,733

• Alternative Use

  Use

  Valuation

  Residential

  $2,796,098

  Hospitality

  $2,561,211

  Educational

  $2,130,897

  Medical

  $2,204,182

  Retail

  $3,314,729

Location Insight

City

Waterloo

County

Black Hawk

State

Iowa

Latitude

42.4666

Longitude

-92.3233

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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