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Property profile & analytics
OFF-MARKET Estimated value $555,000
Industrial properties

111 5th SW Ave Altoona, IA 50009-1658

7,200 SF 3.01 ac lot Built 1981
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0222954
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1981
Construction FRAME
Total area 7,200 SF
Lot 3.01 ac (131,159 SF)
Zoning code M-1
APN 171/00306-001-000
UPID US25-0222954
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
$455k
Comparable Approach Comparable
$614k
Blend (final) Blend
$555k
Owner & transaction history
Jwb B38 LLC · 11 yrs held
Jwb B38 LLC
since 2014
4 recorded transactions
2014
$600,000
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-1 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

14. M-1 Limited Industrial District. 15. M-1A Commercial And Limited Light Industrial Business Park. 16. M-2 Heavy Industrial District. 17. Floodway (Overlay) District (FW) - those areas identified as Floodway on the Official Flood Plain Zoning Map. 18. Floodway Fringe (Overlay) District (FF) - those areas identified as Zone AE on the Official Flood Plain Zo…

Zone name Limited Industrial
General category INDUSTRIAL
Zone area 2,146.43 ac
Source Development Standards 2019
Top alternative use upside
Retail stores $840,000 +39.9%
Commercial (general) $790,000 +31.2%
Neighborhood: shopping center $710,000 +18.2%
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