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    Property profile & analytics

    1014 540th SW St Wellman, IA 52356-9583

    • Investment properties
    • 1,728 SF
    • 10.57 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US25-2372845
    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

    • Investment properties

    Property Details for 1014 540th SW St

    Year built
    1976
    Lot size
    10.57 lot acres
    Property size
    1,728 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1319351004
    APU
    1319351004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $385,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $475,000
      Mixed-Use
      $380,000
      Hospitality
      $420,000
      Educational
      $415,000
      Residential Income
      $450,000
      Energy
      $490,000
      Income-Based Land
      $490,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Wellman
    County
    Johnson
    State
    Iowa
    Longitude
    -91.8272
    Latitude
    41.5417
    CBSA code
    26980
    CBSA name
    IOWA CITY, 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
    $9,810
    $43,600
    $459,600
    $503,200
    -
    $0.00
    $0.00
    $513,500

    Comparable in this City

    • Value Estimation by Request
      5,040 SF

      310 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,040 SF
      310 8th Ave, Wellman, IA 52356-9346
      View Details
    • Value Estimation by Request
      0.78 Acres

      1 1st Ave

      COMMERCIAL (GENERAL) • 0.78 Acres
      1 1st Ave, Wellman, IA 52356
      View Details
    • Value Estimation by Request
      0.50 Acres

      620 1st St

      VACANT COMMERCIAL LAND • 0.50 Acres
      620 1st St, Wellman, IA 52356
      View Details
    • Value Estimation by Request
      0.11 Acres

      314 8th Ave

      COMMERCIAL (GENERAL) • 0.11 Acres
      314 8th Ave, Wellman, IA 52356-9311
      View Details
    • Value Estimation by Request

      1371 Elm Ave

      COMMERCIAL (GENERAL)
      1371 Elm Ave, Wellman, IA 52356-9641
      View Details
    • Value Estimation by Request
      0.46 Acres

      1300 Madison Ave

      COMMERCIAL (GENERAL) • 0.46 Acres
      1300 Madison Ave, Wellman, IA 52356-9265
      View Details

    Similar Nearby for Sale

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      70.44 Acres

      Washington County Farmland with CRP

      70+ acres of gently rolling farmland in CRP program.
      70.44 Acres Cedar Ave, Wellman, IA 52356
      View Details
    • New
      $644,878
      70.44 Acres

      70+ Acres Farmland in Iowa

      70+ acres of gently rolling farmland in Washington County, Iowa.
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      View Details
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    Wellman, IA 52356-9583
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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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