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Property profile

2700 5th NW Ave Waverly, IA 50677

OFF-MARKET
Office buildings
Property ID
US25-1098489
View Sample
4,400 SF 0.63 ac lot Built 1975
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
1 recorded transaction
2025
$210,000

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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