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Property profile

1003 8Th Street Ct Southwest Altoona, IA 50009

FOR LEASE
Strip malls
Property ID
US25-0159323
20,316 SF 1.2 ac lot Built 2006
Last sale May 2017 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 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 retail shopping location configured for leasing of individual retail spaces ranging from 1,000 to 4,155 square feet. The spaces can be arranged flexibly to accommodate different business needs, and the property is positioned with frontage and access via 8th Street. It includes a large on-site parking lot and offers proximity to nearby residential areas. The building supports retail-facing identity with available building and monument signage opportunities, and operating expenses are structured on a NNN basis.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$83k
Tax billed · 2020
Assessed value · 2023$3.12M
Assessed land$268k
Assessed improvement$2.85M
Effective rate2.67%

Value estimate

· Oct 2026
$1.79M
$1.61M – $1.96M
Submarket $/SF estimate$2.18M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$47 – $152
Qualifying comparables7

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?
C-2
The C-2 District is designed to provide space for the general retail and professional office uses and efficient development of major reta...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant31.2
Building Supply29.9
Law Firm23.8

Location

1003 8Th Street Ct Southwest Altoona, IA 50009
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3053 8th SW St, Altoona, IA 50009-1049 $2,700,000 Dec 2025 No data
412 8th SW, Altoona, IA 50009-1620 $1,442,500 Aug 2021 9,700 SF
116 1st N, Altoona, IA 50009-1425 $615,500 Dec 2020 6,600 SF
709 34th SW, Altoona, IA 50009-2676 $2,475,000 Nov 2020 11,070 SF
3219 8th SW, Altoona, IA 50009-1035 $3,460,000 May 2019 7,632 SF
1005 8th SW, Altoona, IA 50009-2310 $500,000 Feb 2019 6,421 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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