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    Property profile & analytics

    395 Iowa Ave Martensdale, IA 50160

    • Specialty properties
    • 1,650 SF
    • 0.09 lot acres
    For Sale
    View listing
    $110,000
    Value Estimation
    Last Sale
    Apr 18, 2025
    $105,000
    Location Intelligence
    Property ID
    US25-1864780
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Martensdale Lions Club / Charity

    Property Details for 395 Iowa Ave

    Year built
    1950
    Lot size
    0.09 lot acres
    Property size
    1,650 SF
    Property type
    Specialty properties
    APN
    54020030085
    APU
    54020030085

    Description

    This 1,650 square foot commercial building, located at 395 Iowa Avenue in Martensdale, Iowa, presents a unique opportunity for a variety of businesses. Situated on a 0.09-acre lot, the property boasts a recently renovated interior, including new ceilings and paint in the main area, and two updated public restrooms with new toilets. The building features a substantial kitchen, ideal for food service operations, complete with a restaurant-style range on rollers, a work sink, and ample space. A large meeting area provides flexibility for various uses. Additional features include a sizable storage room, two refrigerators, a freezer, and a dishwasher sanitizer. The building's mechanical systems are well-maintained, with a furnace approximately 10 years old, and significant exterior improvements have been made, including newer windows, siding, and roofing. The property's previous use as a Lyons Club facility speaks to its adaptability and suitability for a range of commercial ventures, including but not limited to daycare centers, restaurants, offices, or retail shops. The asking price is $110,000. This is a move-in ready property with significant recent upgrades, offering immediate occupancy and potential for immediate revenue generation. The combination of updated amenities and versatile space makes this an attractive investment opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Martensdale
    County
    Warren
    State
    Iowa
    Longitude
    -93.739
    Latitude
    41.3739
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $63,900
    -
    $0.00
    $0.00
    $63,900

    Comparable in this City

    • Value Estimation by Request
      0.54 Acres

      Martensdale, IA 50160

      COMMERCIAL (GENERAL) • 0.54 Acres
      Martensdale, IA 50160
      View Details
    • Value Estimation by Request
      0.09 Acres

      400 Iowa Ave

      VACANT COMMERCIAL LAND • 0.09 Acres
      400 Iowa Ave, Martensdale, IA 50160-7719
      View Details
    • Value Estimation by Request
      1,440 SF

      300 Hwy 28

      SERVICE STATION (FULL SERVICE) • 1,440 SF
      300 Hwy 28, Martensdale, IA 50160-7742
      View Details
    • Value Estimation by Request
      3,520 SF

      480 Iowa Ave

      WAREHOUSE, STORAGE • 3,520 SF
      480 Iowa Ave, Martensdale, IA 50160-7719
      View Details
    • Value Estimation
      $255,000
      1,517 SF

      368 Hwy 28

      FINANCIAL BUILDING • 1,517 SF
      368 Hwy 28, Martensdale, IA 50160-7712
      View Details
    • Value Estimation by Request
      0.17 Acres

      Martensdale, IA 50160

      COMMERCIAL (GENERAL) • 0.17 Acres
      Martensdale, IA 50160
      View Details
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    395 Iowa Ave
    Martensdale, IA 50160
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    Realmo Value Estimation

    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.

    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.

    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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