Realmo Analytics
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Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple interest in a thriving Applebee's restaurant located at 2500 4th St SW, Waverly, Iowa. The 3,840 square foot building, constructed in 2006, sits on a 1.09-acre lot and enjoys 100% occupancy under a triple-net (NNN) lease. The current lease term is three years, with the franchisee, Thrive Restaurant Group, leasing back the property upon sale. This eliminates any upfront tenant improvement (TI) investment for the buyer. The… property boasts a strong 8.00% capitalization rate and a net operating income (NOI) of $115,000, representing a price per square foot of $374.48. Its strategic location as an outlot to a Walmart Supercenter, the only one in Waverly, ensures high visibility and consistent traffic. The property benefits from its proximity to other major retailers such as Hy-Vee, Dollar Tree, Quality Inn, and Kwik Star, further enhancing its appeal. Situated on a signalized intersection of US-218 BUS, a major roadway with approximately 15,000 vehicles per day, the property enjoys excellent visibility and accessibility. The surrounding area demonstrates steady population growth and a household income comparable to the national average, indicating a strong potential for continued success. The property's APN is 09-10-400-060, and the zip code is 50677. Thrive Restaurant Group operates over 170 restaurants across 15 states, showcasing their financial stability and experience. This is a compelling investment opportunity with a strong tenant, excellent location, and attractive financial metrics.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records and 7 qualifying comparable sales.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 3,840 SF
- Lot area
- 1.09 ac
- Year built
- 2006
- Stories
- 1
- APN
- 09-10-400-060
- Assessed value · 2024
- $1,223,750
- Annual tax · 2023
- $29,254
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Ownership
- Owner Contacts
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- Full Property Data
- Historical Records
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- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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