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    New Construction Duplex in Lake View Title is generated by Realmo AI

    215 8th Street, Lake View, IA 51450

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    Claim this Listing
    For Sale
    $229,900

    DUPLEX - Other - Lake View, IA

    Property size:
    1,390 SF
    Price / SF:
    $165/SF
    Added:
    Mar 27, 2026
    Days on Market:
    68
    Last Refresh:
    Jun 2 at 10:06 am

    Property Features for 215 8th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3
    Patio and Porch features
    Deck
    Interior features
    Eat-in Kitchen, Garage Door Opener, Kitchen Center Island, Main Floor Laundry
    Exterior features
    Deck, Driveway-Concrete
    Appliances
    Dishwasher, Disposal, Microwave, Range/Stove, Refrigerator
    Standard status
    Active
    APN
    811032112012
    Size
    1,390 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Exact legal to be taken from abstract(s)
    Tax Annual Amount
    2441

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Wall Furnace
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    2
    Building materials
    Vinyl 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 Mar 27, 2026

    MLS# 260185 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.

    HighLights

    • New Construction (2025) Duplex: Move‑in ready with no immediate maintenance.
    • GREE Zoned Heating System: Enjoy personalized comfort and energy savings.
    • Heated 1‑Car Attached Garage + 2‑Car Detached Garage: Ample and versatile parking.
    • 3 Bedrooms and 3 Baths: Accommodates families or guests.
    • Stainless Steel Appliances and Luxury Vinyl Plank Flooring: Modern, durable, and easy‑to‑maintain.
    • Planned 12 x 16 Deck: Extends living space outdoors.

    Overview

    This new construction two-story duplex offers a design focused on comfort, efficiency, and low-maintenance living. The property is located steps away from the school. Each unit features 3 bedrooms and 3 baths. The layout combines open-concept living with functional spaces. The main level includes a kitchen with a center island and stainless steel appliances. Durable luxury vinyl plank flooring extends throughout the main level. A combined laundry and half bath adds convenience. Upstairs, all three bedrooms are thoughtfully placed. The primary suite includes a full bath and walk-in closet. A second full bathroom serves the additional bedrooms. The property features a GREE zoned heating system with five individual zones, allowing room-specific temperature control for personalized comfort and energy savings. A 12 x 16 deck is planned for outdoor living. The garage setup includes a heated 1-car attached space plus a 2-car detached garage with alley access. The property is topped off with 40-year architectural shingles. The property size is 1390 square feet and is located in Lake View, Iowa.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake View
    County
    Sac
    State
    Iowa
    Longitude
    -95.05471019
    Latitude
    42.31031982

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    FAQs

    What type of property is this?
    Duplex - New construction duplex with modern amenities and efficient design.
    Where is this duplex located?
    The property is located at 215 8th Street Lake View, IA.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: New Construction (2025) Duplex: Move‑in ready with no immediate maintenance.; GREE Zoned Heating System: Enjoy personalized comfort and energy savings.; Heated 1‑Car Attached Garage + 2‑Car Detached Garage: Ample and versatile parking.
    (712) 260-5711
    We can help!
    Listing Contact
    Kelly Bierl
    Kelly Bierl
    Real Estate License ID: B64536
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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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