Property profile

124 1st SE St Waverly, IA 50677

OFF-MARKET
Banks
Property ID
US25-1208903
6,322 SF 0.8 ac lot Built 1956
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,644 square foot office building presents a unique investment opportunity in Waverly, Iowa. Situated on a desirable 0.8-acre lot boasting a picturesque riverfront location, this property previously housed Fidelity Bank. The main level offers over 6,300 square feet of well-appointed space, including numerous private offices, a formal conference room, a secure safe, and a spacious lobby area, ideal for client interaction. The lower level provides versatile space adaptable to various needs, featuring a boardroom, an open collaborative area perfect for team meetings, a convenient break room, and ample storage rooms. The building's functionality is further enhanced by the availability of additional off-street parking located conveniently to the south of the structure. This property is well-suited for a variety of professional uses and offers a compelling combination of prime location, substantial square footage, and convenient amenities. The asking price is $599,000. This is a rare opportunity to acquire a substantial and well-maintained office building in a thriving community. The property's riverfront location and ample parking add significant value and appeal. Don't miss this chance to secure a prominent presence in Waverly.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1956
Total area 6,322 SF
Lot 0.8 ac (34,761 SF)
APN 09-02-176-010
UPID US25-1208903

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

124 1st SE St Waverly, IA 50677-3301
Waverly metro Census 4200 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2025
2 recorded transactions
2025
$295,000
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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