1802 4Th StWaverly, IA 50677

Property Details for 1802 4Th St

Year built

1996

Construction

FRAME

Lot size

0.71 AC

Property size (Sq ft)

7,200 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

09-10-400-044

APU

910400044

Description

This 7,200 square foot retail center, built in 1996, is located at 1802 SW 4th Street in Waverly, offering high visibility and accessibility. The property boasts a prime location directly off US Highway 218, a major thoroughfare with an impressive average daily traffic count exceeding 13,600 vehicles – the highest in Waverly. Three individual suites are available for lease, totaling 5,400 square feet of vacant space ready for immediate build-out. Each suite presents a unique opportunity for various retail businesses. One suite, situated at the north end of the building, is specifically designed to accommodate a drive-thru, making it particularly suitable for businesses such as coffee shops or restaurants. This exceptional location ensures high foot traffic and visibility, creating an ideal environment for businesses seeking a thriving retail presence in Waverly. Tenant allowances are available for qualified tenants. The property offers a total of 7,200 square feet, with each suite offering approximately 1,800 square feet. This is a rare opportunity to secure a prominent retail space in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,742,243

  6.5%

  $1,608,224

  7%

  $1,493,351

• Comparable approach

  Method

  Valuation

  Relative Method

  $926,070

  Geo Method

  $926,070

• Alternative Use

  Use

  Valuation

  Residential

  $1,356,597

  Hospitality

  $1,242,636

  Educational

  $1,033,858

  Medical

  $1,069,414

  Retail

  $1,608,224

Location Insight

City

Waverly

County

Bremer

State

Iowa

Latitude

42.7069

Longitude

-92.4764

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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