Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    437 7Th St Wapello, IA 52653

    For Sale
    $390,000

    Prime Wapello location, strong lease income, versatile building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 3,200 sq. ft. building situated on a sizable lot in Wapello, Iowa, at 437 S 7TH Street, zip code 52653. Constructed in 1978, the property boasts high visibility from Highway 61, ensuring excellent exposure for any business. Currently operating as an office building, the property commands a strong monthly lease of $4,572, secured until December 2026, providing a stable and substantial income stream. The asking price is $390,000. Ample parking is available on-site. Beyond its current use, the building's adaptable layout presents a multitude of possibilities. Potential uses include, but are not limited to, a church, daycare center, school, dance studio, retail space, community center, or even a restaurant/bar with appropriate modifications. This property offers a rare blend of immediate income generation and significant long-term potential, making it an ideal investment for discerning buyers. The property is located in Louisa County, Iowa.

    Property Features for 437 7Th St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1978
    Buildings
    1

    HighLights

    • 3,200 sq. ft. building on a large lot at 437 S 7TH Street, Wapello, IA 52653.
    • High visibility from Highway 61.
    • $4,572 monthly lease income secured through December 2026.
    • Asking price: $390,000.
    • Ample on‑site parking.
    • Versatile layout suitable for various uses, including office, retail, or community uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wapello
    County
    Louisa
    State
    Iowa
    Longitude
    -91.1885079
    Latitude
    41.173365

    Nearby Similar for Sale

    • $40,000

      Land For Sale in Wapello

      Land available for purchase in Wapello, Iowa.
      4005 Concord Ln, Wapello, IA 52653
      View Details
    • $598,000
      8,125 SF

      Wapello Commercial Building - Highway 61

      Versatile Wapello Commercial Space, High Visibility
      702 Hwy 61 Hwy, Wapello, IA 52653
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Wapello location, strong lease income, versatile building.
    Where is this office property / space located?
    The property is located at 437 7Th St Wapello, IA.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: 3,200 sq. ft. building on a large lot at 437 S 7TH Street, Wapello, IA 52653.; High visibility from Highway 61.; $4,572 monthly lease income secured through December 2026.
    Request Owner's contact information
    437 7Th St Wapello, IA 52653
    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.
    437 7Th St
    Wapello, IA 52653
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    437 7Th St Wapello, IA 52653
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.