2700 5th NW Ave, Waverly, IA 50677-1806
This exceptional 5,168 square foot office building presents a remarkable investment opportunity in Waverly, Iowa. Located at 2700 NW 5th Ave, this single-story, 1975-built property sits on a generous 27,500 square foot lot and is zoned C. The building offers a versatile layout ideal for a variety of businesses, featuring several sizable offices, a dedicated conference room, and a convenient breakroom complete with a kitchenette. The inviting entrance area creates a positive first impression for clients and employees alike. Beyond the main office space, the property includes valuable garage/warehouse space, perfect for storage or additional workspace needs. Priced at $299,900, this translates to $58.03 per square foot, representing strong value in the current market. The property is currently vacant, providing immediate occupancy for the new owner. This is a rare chance to acquire a substantial, well-maintained office building with significant potential in a desirable location. The ample lot size offers room for expansion or future development, further enhancing its long-term value. Don't miss this opportunity to establish your business in a prime Waverly location.
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.