Tim,
it could just be a small leak, but since you don't have antifreeze, the water will just evaporate and may not leave enough residue to help you find it. A good radiator shop should be able to pressurize your cooling system, and then you/they can look around for water weeping out.
If no external leaks are found, a leak-down test (each cyliner is pressurized and leakage is monitored) can help pin-point head gasket leaks, leaky valves, rings, etc.
George Davis
'69 280 SL Euro manual