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Property profile & analytics
OFF-MARKET Estimated value $5,430,000
Retail space

2700 4th SW St Waverly, IA 50677-4351

163,011 SF 20.83 ac lot Built 2005
Trust Owned 21-yr Hold Free & Clear
Property ID
US25-1391781
Property summary
AI-generated overview

This exceptional 1.04-acre commercial lot is situated at 2700 4th St SW in Waverly, Iowa, within the desirable C-2 Commercial District of Bremer County. Its strategic location offers unparalleled visibility and accessibility from Highway 218, placing it in close proximity to a multitude of area businesses. The property's C-2 zoning permits a diverse range of commercial uses, including retail establishments, restaurants (with drive-thru capabilities), and office spaces. This presents a unique investment opportunity for developers and businesses seeking a high-traffic location with significant growth potential. The site's proximity to Wartburg College, boasting an approximate annual enrollment of 1,500 students, further enhances its appeal and provides a substantial built-in customer base. Waverly, as the county seat of Bremer County, offers a thriving community and a stable economic environment. This parcel represents a rare chance to acquire a well-positioned commercial lot in a rapidly developing area, making it an ideal investment for those seeking a strong return on their investment. The property's size and zoning flexibility allow for a variety of development options, catering to a wide range of commercial ventures. Don't miss this opportunity to secure a prime location in a vibrant and growing community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 163,011 SF
Lot 20.83 ac (907,355 SF)
APN 09-10-400-059
UPID US25-1391781
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.43M
Owner & transaction history
Walmart Real Estate Business Trust · 21 yrs held
Walmart Real Estate Business Trust
since 2005
5 recorded transactions
2005
$175,000
2005
$318,938
2005
$371,500
2005
$215,000
2005
$345,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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