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    OFF-MARKET
    Office buildings

    2700 5th NW Ave, Waverly, IA 50677-1806

    4,400 SF 0.63 ac lot Built 1975
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-1098489
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1975
    Total area 4,400 SF
    Lot 0.63 ac (27,486 SF)
    APN 05-33-451-012
    UPID US25-1098489
    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
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    Blend (final) Blend
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    Owner & transaction history
    Henry Esp Of Waverly LLC · 1 yrs held
    Henry Esp Of Waverly LLC
    since 2025
    1 recorded transaction
    2025
    $210,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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