124 1st SE St Waverly, IA 50677-3301
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.