Property profile

2700 4th SW St Waverly, IA 50677

OFF-MARKET
Retail space
Property ID
US25-1391781
163,011 SF 20.83 ac lot Built 2005
Trust Owned 21-yr Hold Free & Clear
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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

Location

2700 4th SW St Waverly, IA 50677-4351
Waverly metro Census 4200 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$5.43M

Owner & transaction history

since 2005
5 recorded transactions
2005
$175,000
2005
$318,938
2005
$371,500
2005
$215,000
2005
$345,000

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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