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Property profile & analytics
OFF-MARKET
Land

8th 14Th Ave Altoona, IA 50009

1.51 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.51-acre commercial land parcel presents a unique investment opportunity in Altoona, Iowa. Located at the intersection of SW 8th Street and 14th Avenue SE, zip code 50009, this property boasts a prime location within a planned residential community, ensuring high visibility and accessibility. Its strategic adjacency to the Edencrest Senior Community guarantees a built-in customer base and strong potential for synergistic business ventures. The site is fully serviced, with existing utilities and streets already in place, significantly reducing development costs and timelines. A build-to-suit option is available, offering flexibility to tailor the development to specific business needs. The property's versatility makes it ideal for a wide range of commercial uses, including but not limited to convenience stores, restaurants, bars, offices, retail spaces, medical or dental clinics, veterinary practices, and specialty businesses. Furthermore, the future construction of a SE Polk school directly adjacent to the property promises sustained growth and increased foot traffic, enhancing the long-term value of this investment. This is a rare opportunity to acquire a well-located, fully serviced commercial lot in a thriving community, poised for significant future appreciation. The asking price is $427,541.

Property profile
Verified
Property type Land
Lot 1.51 ac (65,776 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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