Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1398 4Th St Waverly, IA 50677

    • Land
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1398 4Th St

    Lot size
    0.34 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering presents four distinct lots in the thriving city of Waverly, Iowa. Located in the heart of Waverly's commercial district, these properties boast high visibility and excellent access. The lots range in size from approximately 0.34 acres to 2.35 acres, providing flexibility for various development projects. Each lot is priced at $6 per square foot. The property is zoned C-2, allowing for a wide range of commercial uses. This prime location offers significant advantages, including proximity to major retailers and the Highway 218 interchange, ensuring high traffic counts and exceptional signage opportunities. Waverly is a rapidly growing community, situated just minutes from Waterloo, Iowa, the Cedar Valley's largest city. This presents a unique investment opportunity in a dynamic and expanding market. The address is 1398 4th St SW, Waverly, IA 50677. Serious inquiries are encouraged to explore the potential of these exceptional commercial lots. The land is situated in Bremer County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Bremer
    State
    Iowa
    Longitude
    -92.4756
    Latitude
    42.7113

    Comparable in this City

    • Value Estimation by Request
      0.96 Acres

      877 29Th Ave

      Land • 0.96 Acres
      877 29Th Ave, Waverly, IA 50677
      View Details
    • Value Estimation by Request
      2.35 Acres

      1387 4Th St

      Land • 2.35 Acres
      1387 4Th St, Waverly, IA 50677
      View Details
    • Value Estimation by Request

      4th 4Th St

      Land
      4th 4Th St, Waverly, IA 50677
      View Details
    • Value Estimation by Request
      1.60 Acres

      4Th St

      Land • 1.60 Acres
      0 4Th St, Waverly, IA 50677
      View Details
    • Value Estimation by Request
      0.80 Acres

      4th St

      Land • 0.80 Acres
      4th St, Waverly, IA 50677
      View Details
    • Value Estimation by Request
      1.70 Acres

      8th 8Th St

      Land • 1.70 Acres
      8th 8Th St, Waverly, IA 50677
      View Details

    Similar Nearby for Sale

    • $39,999
      0.50 Acres

      Residential Land in Waverly, Iowa

      Large lot suitable for building a dream home.
      1207 E Bremer Ave, Waverly, IA 50677
      View Details
    • $72,000
      0.69 Acres

      Waverly, IA Large Lot

      Large lot with city amenities and great views.
      1109 Copper Ter, Waverly, IA 50677
      View Details
    • $55,000
      0.48 Acres

      Residential Lot in Waverly, IA

      0.48 acre residential lot in a desirable Waverly neighborhood.
      1058 NE 2Nd Ave, Waverly, IA 50677
      View Details
    • $68,000
      0.37 Acres

      Residential Land in Waverly, Iowa

      Building lot near elementary school with city utilities.
      509 Tumbleweed Trl, Waverly, IA 50677
      View Details
    • $40,000
      0.29 Acres

      Residential Building Lot in Waverly

      Spacious residential building lot in an established neighborhood.
      NW 17Th St, Waverly, IA 50677
      View Details
    • $189,000
      1.45 Acres

      Land Near Prairie Links Golf

      1.45 acre lot near Prairie Links Golf Course.
      901 SE 29Th Ave, Waverly, IA 50677
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,400 SF

      Village Square Retail Center

      Waverly, IA: Prime Retail Space Available
      1311 4Th St, Waverly, IA 50677
      View Details
    • $8 SF/Yr
      3,049 SF

      Waverly Corner Commercial Space

      Prime downtown Waverly commercial space with basement, available for lease.
      123 E Bremer Ave, Waverly, IA 50677
      View Details
    • $9 SF/Yr
      261,360 SF

      Waverly Commercial Space For Rent

      Versatile commercial space with office and warehouse options available.
      190 20Th St NW, Waverly, IA 50677
      View Details
    • $11 SF/Yr
      11,326 SF

      Waverly Office Space For Rent

      Office space in Waverly with high ceilings and low CAM.
      195 20Th St, Waverly, IA 50677
      View Details
    • $14 SF/Yr

      Waverly Commercial Space For Rent

      Versatile commercial space with ample parking and convenient location.
      203 20Th St, Waverly, IA 50677
      View Details
    • $54 SF/Yr
      314,647 SF

      110 12Th St

      Distribution properties
      110 12Th St, Waverly, IA 50677
      View Details
    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.
    1398 4Th St
    Waverly, IA 50677
    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!