Property profile

620 Bremer Ave A Waverly, IA 50677

OFF-MARKET
Strip malls
Property ID
US25-1375562
6,133 SF 0.85 ac lot Built 2007
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail strip center, located at 620 W Bremer Ave in Waverly, Iowa, presents a fantastic leasing opportunity. The property boasts a total of 6,135 square feet, with 3,535 square feet currently available for lease. This versatile space is ideal for a variety of retail uses, offering a flexible layout adaptable to diverse business needs. The building is well-maintained and features an attractive storefront, ensuring a positive first impression for customers. Ample parking is provided, with a total of 20 spaces available for tenants and their patrons, ensuring convenient access and ample customer parking. The property's location in Waverly, IA, 50677, offers excellent visibility and accessibility, situated within a bustling commercial district. This prime location provides significant potential for increased foot traffic and business exposure. The property is classified as a multi-tenant strip center, offering a vibrant and collaborative environment for businesses. Don't miss this chance to establish or expand your retail presence in this thriving Iowa community. The available space is ready for immediate occupancy, providing a seamless transition for your business operations. Contact us today to schedule a viewing and explore the possibilities this exceptional property offers.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 6,133 SF
Lot 0.85 ac (37,113 SF)
APN 09-03-245-011
UPID US25-1375562

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

620 Bremer Ave, Unit A Waverly, IA 50677-3006
Waverly metro Census 4000 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2007
2 recorded transactions
2007
$375,000
2005
$230,000

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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