Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 5 Southgate Development Waverly, IA 50677

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.44 acre commercial lot in Waverly's commercial district.

    Type:Land
    Lot size:
    1.44 Acres
    Added:
    Aug 27, 2025
    Days on Market:
    218
    Last Refresh:
    Mar 25 at 9:05 pm

    Property Features for Lot 5 Southgate Development

    General Information

    Standard status
    Active
    Lot size
    1.44 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chris Fischels
    Chris Fischels

    Listing agent Chris Fischels License #B44779000

    Listing office Fischels Commercial Group

    Listing date Aug 27, 2025

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Fischels Commercial Group

    Overview

    Commercial Lot in Waverly, Iowa

    This is a +/- 1.44 acre commercial lot located in Waverly, Iowa. The property is situated in the heart of Waverly’s commercial district, near many national retailers, and in close proximity to the Hwy 218 interchange. The location offers high traffic counts and signage opportunities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Waverly
    County
    Bremer
    State
    Iowa
    Longitude
    -92.4284
    Latitude
    42.787

    Nearby Similar for Sale

    • $599,900

      Waverly Commercial Property on 4th

      Highly visible commercial property in a rapidly growing Waverly corridor.
      2221 SW 4th Street, Waverly, IA 50677
      View Details
    • $699,900

      Commercial Property in Waverly, IA

      Prime commercial property with retail, office, and warehouse space.
      1510 SW 4th Street, 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
    • $237,500

      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
    • $40,000

      Residential Building Lot in Waverly

      Spacious residential building lot in an established neighborhood.
      NW 17th Street, 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
    • $200,000

      Commercial Land Near Future Parkway

      Commercial land available next to the future Cedar River Parkway.
      3200 E Bremer Avenue, Waverly, IA 50677
      View Details
    • $99,000
      1,500 SF

      Insulated Storage Unit For Sale

      Unfinished 1500 sqft storage unit with utilities included.
      900 Adams Parkway 16, 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

    FAQs

    What type of property is this?
    Commercial land - 1.44 acre commercial lot in Waverly's commercial district.
    Where is this commercial land located?
    The property is located at Lot 5 Southgate Development Waverly, IA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1.44 acre commercial lot in prime Waverly, Iowa location.; Located in the heart of Waverly’s commercial district.; Proximity to Hwy 218 interchange.
    (319) 234-5000
    We can help!
    Listing Contact
    Chris Fischels
    Chris Fischels
    Real Estate License ID: B44779000
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!