Financial
Distress signals
Property profile

110 4th St Spencer, IA 51301

OFF-MARKET
Office buildings
Property ID
US25-0687299
14,640 SF 0.44 ac lot Built 1958
Last sale May 2024 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 68-unit apartment building constructed with a concrete structure. The residential units are individually metered for electricity and each unit is equipped with heating and air conditioning. The unit mix consists of 40 two-bedroom units, 27 one-bedroom units, and 1 penthouse unit with three bedrooms and three bathrooms. Documented updates include newer windows and updated interior hallways. The building is supported by paved exterior parking and has an adjacent 36-car parking structure for tenant parking needs.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$359k
Assessed land$95k
Assessed improvement$264k
Effective rate2.84%

Value estimate

· Sep 2026
$350k
$315k – $385k
AI approach$350k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CBD CENTRAL B
JurisdictionCLAY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.6
Law Firm20.6
Restaurant19.1

Location

110 4th St Spencer, IA 51301-3858
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
502 Southmoor, Spencer, IA 51301-5652 $912,500 Mar 2024 8,272 SF
215 Grand, Spencer, IA 51301-4122 $100,000 Oct 2023 13,062 SF
14 21st, Spencer, IA 51301-2209 $600,000 Oct 2021 10,560 SF
328 Grand, Spencer, IA 51301-4141 $140,000 Feb 2021 4,118 SF
505 2nd W, Spencer, IA 51301-3863 $495,000 Sep 2020 7,174 SF
101 5th, Spencer, IA 51301-3821 $650,000 Apr 2019 16,875 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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