1802 4th SW St Waverly, IA 50677-4330
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.
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.