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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Office buildings
1700 8th SW St Waverly, IA 50677-9269
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1110365
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2008
Construction
FRAME
Total area
8,000 SF
Lot
3.79 ac (165,092 SF)
APN
09-10-252-005
UPID
US25-1110365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$710k
Owner & transaction history
Cvp Properties LLC · 1 yrs held
Cvp Properties LLC
since 2024
Last sale
$710,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+90.9%
Commercial (general)
$955,000
+68.9%
Restaurant
$680,000
+19.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waverly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waverly submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$710,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$565,000
Current use
WAREHOUSE, STORAGE
$1,080,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$955,000
Change: +69% · Conversion: Easy
RESTAURANT
$680,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$585,000
Change: +4% · Conversion: Easy
RETAIL STORES
$465,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $710k (Oct 28 2024)
Last sale anchor
$710k
Oct 28 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,666
Tax year 2023
Assessed value
$932,080
Assessed 2024
Previous assessed
$888,040
+5.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$176,850
Assessed improvement
$755,230
Land market value
$176,850
Improvement market value
$755,230
Total market value
$932,080
Applied tax rate
46,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2008
Construction
FRAME
Stories
1
Total area
8,000 SF
Lot
3.79 ac (165,092 SF)
APN
09-10-252-005
UPID
US25-1110365
Jurisdiction
BREMER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$565,000
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$955,000
RESTAURANT
Est. value
$680,000
MEDICAL BUILDING
Est. value
$585,000
RETAIL STORES
Est. value
$465,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Stories
1
Lot
3.79 ac
Current owner
From public records · entity-resolved
Cvp Properties LLC
Entity
Mailing address
2612 TOMAHAWK RD, CHILLICOTHE, MO 64601-3940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
Cvp Properties LLC
—
Deed
related
$968,000 · Farmers State Bank
Oct 28, 2024
$710,000
Cvp Properties LLC
Maxilla LLC
Warranty Deed
—
Sep 28, 2020
—
Maxvilla LLC
—
Deed
related
$1,200,000 · Greenstate Financial LLC
Feb 3, 2020
—
Jw Investments LLC
—
Deed
related
$830,000 · First National Bank
Jan 21, 2020
—
Jw Investment LLC
—
Deed
related
$830,000 · First National Bank
Apr 5, 2017
—
Jw Investments Lc
—
Deed
related
$750,000 · Midwestone Bank
Feb 21, 2008
—
Jw Investments LLC
The City Of Waverly
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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