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    800 Valley View Drive Ida Grove, IA 51445

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    Claim this Listing
    For Sale
    $349,000

    Triplex - Ida Grove, IA

    Type:Triplex
    Lot size:
    1.06 Acres
    Added:
    Sep 18, 2025
    Days on Market:
    223
    Last Refresh:
    Apr 28 at 7:06 pm

    Property Features for 800 Valley View Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Parking
    3
    Exterior features
    Driveway-concrete, Driveway-gravel
    Standard status
    Active
    APN
    18-21-0142
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1408

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    3
    Building materials
    Block, Brick, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Bierl
    Kelly Bierl

    Listing agent Kelly Bierl License #B64536

    Listing office Hometown Realty 9 Eighth St. SE, Spencer, IA

    Listing date Sep 18, 2025

    MLS# 251212 Listing URL

    Copyright © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ida Grove Triplex For Sale

    Located at 800 Valley View Drive in Ida Grove, Iowa, this fully occupied triplex offers a practical layout with strong rental appeal. The property includes three maintained units, each currently rented, providing immediate income. Tenants benefit from the convenience and security of three individual garage stalls with doors and dividers, offering private parking. Situated on a 1.06-acre lot, this triplex presents a stable investment opportunity in a growing community. This property delivers steady returns and future potential, ideal for expanding your portfolio or entering rental ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ida Grove
    County
    Ida
    State
    Iowa
    Longitude
    -95.4716888
    Latitude
    42.3371047

    Nearby Similar for Sale

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    • $495,000

      Five-Unit Multifamily Investment Property

      Well-maintained five-unit property with strong occupancy and income potential.
      804 Valley View Drive, Ida Grove, IA 51445
      View Details
    • $425,000

      Ida Grove Quadruplex Investment

      Four-unit complex with consistent occupancy and reliable rental history.
      802 Valley View Drive, Ida Grove, IA 51445
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    • $469,400
      11,388 SF

      Commercial Building with Leased Spaces

      11,388 SF building with leased retail and office space.
      209 Moorehead Ave, Ida Grove, IA 51445
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex with immediate income and private parking.
    Where is this triplex located?
    The property is located at 800 Valley View Drive Ida Grove, IA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Fully occupied triplex providing immediate rental income.; Three individual garage stalls with doors and dividers.; Strong rental appeal and steady returns.
    (712) 260-5711
    We can help!
    Listing Contact
    Kelly Bierl
    Kelly Bierl
    Real Estate License ID: B64536
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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