Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Residential Lot Title is generated by Realmo AI

    118 Deerfield Circle, Waverly, IA 50677

    View on Map
    Claim this Listing
    New
    For Sale
    $169,900

    LAND - Waverly, IA

    Lot size:
    1.01 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 7 at 11:06 pm

    Property Features for 118 Deerfield Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    0535301031
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Description
    35-92-14 WHITETAIL BLUFF ADD LOT 11 & OUTLOT H or as per abstract
    Tax Annual Amount
    362

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Emily Schut
    Emily Schut

    Listing agent Emily Schut License #S6156400

    Listing office Berkshire Hathaway Home Services One Realty Centre 1118 Ansborough Ave, Waterloo, IA

    Listing date Jun 5, 2026

    MLS# 20262547 Listing URL

    Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1‑acre residential lot in one of Waverly’s newest developments
    • Rear portion offers riverfront views overlooking the Cedar River
    • Scenic natural setting with views and privacy associated with the rear riverfront area
    • Public water available and public sewer available
    • Natural gas available

    Overview

    This is a 1.01-acre waterfront residential lot in Waverly, intended for single-family development under R-1 zoning. The property includes a rear portion that sits in a scenic riverfront setting with views overlooking the Cedar River.

    The lot is located at 118 Deerfield Circle in Waverly, IA 50677 (Bremer County). The surrounding context is described as a newer residential development, offering a balance of neighborhood convenience and a more natural backdrop along the river.

    For buyers planning to build, the site provides space to design an owner-occupied home with outdoor living areas oriented toward the riverfront views. Its R-1 zoning supports a straightforward residential build plan, making it suitable for those seeking a custom homesite with privacy and a natural setting. All buyers are encouraged to verify development requirements and any site-specific considerations with the local authorities before finalizing plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Waverly
    County
    Bremer
    State
    Iowa
    Longitude
    -92.472506
    Latitude
    42.736227

    Nearby Similar for Sale

    • $579,900

      Versatile Retail-Office Building with Parking

      C-2 zoned building on SW 4th with front and rear parking, formerly a veterinary clinic and suited to multiple business uses.
      2221 SW 4th Street, Waverly, IA 50677
      View Details
    • $755,000

      Mixed-Use Building with Apartments

      Multi-office lower level with five residential units upstairs, separately metered, coin laundry, and recent roof and HVAC updates.
      805 W Bremer Avenue, Waverly, IA 50677
      View Details
    • $189,000

      Waverly Duplex: Investment Opportunity

      Fully leased duplex near Wartburg College with income potential.
      303 NW 3rd Street, Waverly, IA 50677
      View Details
    • $237,500
      4,300 SF

      Waverly Multifamily Income Property

      Five-unit income property in Waverly, Iowa, with potential for six.
      102 NW 9th Avenue, Waverly, IA 50677
      View Details
    • $1,400,000
      33,400 SF

      Waverly Industrial Space For Sale

      Economical industrial space with warehouse and office in good condition.
      1919 8th Street Southwest, Waverly, IA, 50677
      View Details
    • $599,900
      4,992 SF

      Waverly Commercial Property on 4th

      Highly visible commercial property in a fast-growing Waverly corridor.
      2221 SW 4th Street, Waverly, IA 50677
      View Details
    • $70,000

      Golf Course Corner Lot

      Exceptional corner lot on Prairie Links Golf Course.
      145 Eagle Ridge Dr., Waverly, IA 50677
      View Details
    • $55,000

      Residential Lot in Waverly, IA

      0.48 acre residential lot in a desirable Waverly neighborhood.
      1058 NE 2nd Avenue, Waverly, IA 50677
      View Details
    • $40,000

      Residential Building Lot in Waverly

      Spacious residential building lot in an established neighborhood.
      NW 17th Street, Waverly, IA 50677
      View Details
    • $189,000

      Land Near Prairie Links Golf

      1.45 acre lot near Prairie Links Golf Course.
      901 SE 29th Avenue, Waverly, IA 50677
      View Details
    • $39,999

      Residential Land in Waverly, Iowa

      Large lot suitable for building a dream home.
      1207 E Bremer Avenue, Waverly, IA 50677
      View Details
    • $104,000
      1,500 SF

      Insulated Storage Unit For Sale

      1500 sqft insulated storage unit with utilities included.
      900 Adams Parkway 27, Waverly, IA 50677
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build in a residential R-1 area on a one-acre lot with riverfront views of the Cedar River.
    Where is this residential land & home lot located?
    The property is located at 118 Deerfield Circle Waverly, IA.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: 1‑acre residential lot in one of Waverly’s newest developments; Rear portion offers riverfront views overlooking the Cedar River; Scenic natural setting with views and privacy associated with the rear riverfront area
    (319) 239-1194
    We can help!
    Listing Contact
    Emily Schut
    Emily Schut
    Real Estate License ID: S6156400
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    118 Deerfield Circle, Waverly, IA 50677
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!