Property profile

1802 4th SW St Waverly, IA 50677

OFF-MARKET
Strip malls
Property ID
US25-1109481
7,200 SF 0.71 ac lot Built 1996
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This 7,200 square foot retail center, built in 1996, is located at 1802 SW 4th Street in Waverly, offering high visibility and accessibility. The property boasts a prime location directly off US Highway 218, a major thoroughfare with an impressive average daily traffic count exceeding 13,600 vehicles – the highest in Waverly. Three individual suites are available for lease, totaling 5,400 square feet of vacant space ready for immediate build-out. Each suite presents a unique opportunity for various retail businesses. One suite, situated at the north end of the building, is specifically designed to accommodate a drive-thru, making it particularly suitable for businesses such as coffee shops or restaurants. This exceptional location ensures high foot traffic and visibility, creating an ideal environment for businesses seeking a thriving retail presence in Waverly. Tenant allowances are available for qualified tenants. The property offers a total of 7,200 square feet, with each suite offering approximately 1,800 square feet. This is a rare opportunity to secure a prominent retail space in a high-demand area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1996
Construction FRAME
Total area 7,200 SF
Lot 0.71 ac (31,145 SF)
APN 09-10-400-044
UPID US25-1109481

Cap rate & NOI

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

Location

1802 4th SW St Waverly, IA 50677-4330
Waverly metro Census 4200 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2018
3 recorded transactions
2018
$630,000
2018
Price N/A
2008
$290,000

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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