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Property profile & analytics
OFF-MARKET
Retail space
104 1st Ave, Indianola, IA 50125-2507
Individually Owned
17-yr Hold
Free & Clear
Property ID
US25-1601490
Property summary
AI-generated overview
This exceptional property in vibrant downtown Indianola offers a unique blend of residential and commercial opportunities. The main attraction is a beautifully restored 1920s 1.5-story Craftsman home, boasting approximately 2465 square feet of immaculate living space. Featuring 3-4 bedrooms and 2 bathrooms, this home is in near-perfect condition for its age. Adjacent to the home, and sharing a park-like courtyard, is a versatile 1,568 square foot commercial studio space. This studio, formerly a renowned dance studio, is now a highly sought-after event venue, capable of seating 65 guests. Its dimensions are 28x56 feet. The property also includes a 26x18 foot garage, providing ample storage. The location is ideal, situated on the south edge of Indianola's bustling downtown square, with convenient access to the Uncommon Ground Coffee Shop via Salem Court. Abundant city-owned parking is available directly adjacent to the property. The possibilities are endless
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
1,568 SF
Lot
0.1 ac (4,500 SF)
APN
48020170190
UPID
US25-1601490
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
Current use
Occupant on record · Public records
-
The Studio Training Center
-
Foster-Powell Dance Training Center
-
Your Clear Next Step Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Julia A Foster · 17 yrs held
Julia A Foster
since 2008
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Indianola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianola submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,342
Tax year 2023
Assessed value
$74,800
Assessed 2024
Previous assessed
$74,800
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$9,000
Assessed improvement
$65,800
Land market value
$9,000
Improvement market value
$65,800
Total market value
$74,800
Applied tax rate
48,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Stories
1
Total area
1,568 SF
Lot
0.1 ac (4,500 SF)
APN
48020170190
UPID
US25-1601490
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Julia A Foster
Individual
Free & Clear · 17 yrs held
Mailing address
104 W 1ST AVE, INDIANOLA, IA 50125-2507
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2008
$51,500
Julia A Foster
Stephen E Foster
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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