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Property profile & analytics
OFF-MARKET Estimated value $64,245,000
Commercial real estate

1 Pr Mdws Dr Altoona, IA 50009-2100

405,595 SF 149.2 ac lot Built 2018
Entity Owned 3-yr Hold Free & Clear
Property ID
US25-0317033
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2018
Construction STEEL FRAME
Total area 405,595 SF
Lot 149.2 ac (6,499,239 SF)
Zoning code C-6
APN 171/00118-001-009
UPID US25-0317033
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
$61.78M
Comparable Approach Comparable
$69.55M
Blend (final) Blend
$64.25M
Owner & transaction history
City Of Altoona · 3 yrs held
City Of Altoona
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
C-6 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

12. C-6 Commercial Entertainment or Recreational District. 13. C-7 Regional Commercial District. 14. M-1 Limited Industrial District. 15. M-1A Commercial And Limited Light Industrial Business Park. 16. M-2 Heavy Industrial District. 17. Floodway (Overlay) District (FW) - those areas identified as Floodway on the Official Flood Plain Zoning Map. 18. Floodway…

Zone name Commercial Entertainment And Recreation
General category COMMERCIAL
Zone area 415.00 ac
Source Development Standards 2019
Top alternative use upside
Restaurant $69.8M +57.4%
Auto repair, garage $63.0M +42.0%
Apartment house (5+ units) $61.4M +38.4%
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