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Financial
Distress signals
Property profile

1005 East Pennsylvania Ave Ottumwa, IA 52501

FOR LEASE
Medical Office Space
Property ID
US25-2073054
87,967 SF 4.28 ac lot Built 1976
Last sale Dec 2013 · $9,283,750
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address.
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Property summary

AI-generated overview

This exceptional Ottumwa, IA medical office building, located at 1005 E Pennsylvania Ave (cross street: W. Penn Ave), offers 70,046 square feet of versatile space in a Class B building renovated in 2023. The property features multiple suites, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 25,000 square feet, with 25,000 square feet currently vacant. The two-story building boasts a 12-foot ceiling height, three elevators, and ample parking. It benefits from its…

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 · 2022

What does the county charge?
$244k
Tax billed · 2022
Assessed value · 2023$6.23M
Assessed land$166k
Assessed improvement$6.07M
Effective rate3.92%

Value estimate

· Oct 2026
$2.81M
$2.52M – $3.09M
NOI build-up
Gross scheduled income$369k
Vacancy & credit loss−$58k
Operating expenses−$78k
NOI · 1,607,062.07% cap applied$233k

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?
1,607,062.07%
$233k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAPELLO

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 agency18.0
Building Supply14.8
Restaurant14.7

Location

1005 East Pennsylvania Ave Ottumwa, IA 52501
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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
727 Pennsylvania, Ottumwa, IA 52501-2153 $550,000 Feb 2024 3,273 SF
2427 Northgate, Ottumwa, IA 52501-1117 $185,000 Jan 2024 3,960 SF
921 Pennsylvania, Ottumwa, IA 52501-2138 $350,000 Aug 2023 3,004 SF
1317 Elm, Ottumwa, IA 52501-6417 $300,000 Aug 2023 2,192 SF
1009 Pennsylvania, Ottumwa, IA 52501-2108 $650,000 Jan 2022 8,894 SF
115 Washington, Ottumwa, IA 52501-2531 $154,960 Mar 2021 6,608 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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