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    Property profile & analytics

    107 1st St Panora, IA 50216-2028

    • Retail space
    • 3,960 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Last Sale
    Oct 26, 2023
    $266,500
    Location Intelligence
    Property ID
    US25-1882693
    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

    • Ketelsen Photography / Portrait Studio

    Property Details for 107 1st St

    Year built
    1885
    Lot size
    0.04 lot acres
    Property size
    3,960 SF
    Property type
    Retail space
    APN
    1304500
    APU
    1304500

    Description

    This exceptional investment property in Panora, Iowa, presents a rare opportunity to acquire a mixed-use building boasting significant income potential. Located at 107 & 109 N 1st Street, the property comprises two street-level commercial storefronts, ideal for a variety of businesses, and five income-producing apartment units. The building offers a compelling blend of commercial and residential income streams, creating a diversified investment portfolio. One of the residential units has undergone a recent, high-quality renovation, showcasing modern updates and presenting a desirable living space for tenants. Significant improvements have been made to the building's infrastructure, including a new roof and furnace installed at 107 N 1st Street, along with a recently replaced air conditioning unit. These upgrades not only enhance the property's value but also contribute to reduced maintenance costs and increased tenant satisfaction. The property's location on N 1st Street in Panora offers excellent visibility and accessibility, ensuring strong tenant occupancy and potential for future growth. This turnkey investment is ready for immediate income generation and presents a strong return on investment for the discerning buyer. The property is offered at $375,000. Detailed financial statements are available upon request. Don't miss this chance to secure a profitable and well-maintained commercial and residential property in a thriving Iowa community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $270,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $270,000
      Mixed-Use
      $225,000
      Hospitality
      $240,000
      Educational
      $290,000
      Residential Income
      $220,000
      Energy
      $250,000
      Income-Based Land
      $290,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Panora
    County
    Guthrie
    State
    Iowa
    Longitude
    -94.364
    Latitude
    41.692
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, 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
    $574
    $9,100
    $131,800
    $140,900
    -
    $9,100
    $131,800
    $140,900

    Comparable in this City

    • Value Estimation by Request
      1,443 SF

      111 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,443 SF
      111 Main St, Panora, IA 50216-1155
      View Details
    • Value Estimation by Request
      5,440 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,440 SF
      106 Main St, Panora, IA 50216
      View Details
    • Value Estimation
      $215,000
      5,440 SF

      104 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,440 SF
      104 Main St, Panora, IA 50216
      View Details
    • Value Estimation by Request
      2,520 SF

      109 1st St

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      109 1st St, Panora, IA 50216-2021
      View Details
    • Value Estimation by Request
      3,200 SF

      604 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      604 Main St, Panora, IA 50216-4700
      View Details
    • Value Estimation
      $140,000
      3,118 SF

      3055 Hwy 44

      RETAIL STORES (PERSONAL SERVICES) • 3,118 SF
      3055 Hwy 44, Panora, IA 50216-8522
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • New
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      0.44 Acres

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    107 1st St
    Panora, IA 50216-2028
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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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