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    Property profile & analytics

    119 Madison Ave Donnellson, IA 52625-9620

    • Retail space
    • 9,079 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2277024
    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

    • Western Union / Money Transfer Service
    • FedEx OnSite / Mailing Service
    • Dollar General / Drug Store / Dollar Store

    Property Details for 119 Madison Ave

    Year built
    2016
    Lot size
    1.20 lot acres
    Property size
    9,079 SF
    Property type
    Retail space
    APN
    01-33-07-33-376-0030
    APU
    13307333760030

    Description

    This exceptional investment opportunity presents a 9,026 square foot Dollar General store in Donnellson, Iowa. Located at 119 Madison Ave, 52625, this 2017 build-to-suit property sits on a 1.2-acre lot and boasts an absolute NNN lease with approximately eight years remaining on a fifteen-year term, expiring February 29, 2032. The lease includes five, five-year renewal options with a 10% rent increase at each option. The property generates a strong net operating income (NOI) of $89,900, resulting in an attractive 7.50% cap rate. Dollar General, a credit-rated tenant with a BBB (S&P) rating, provides significant financial stability and minimal management responsibilities for the investor. This location is exceptionally strong, ranking in the top 96th percentile of Iowa Dollar General stores (13 out of 321) as of July 2024, according to AlphaMaps. With minimal competition (the nearest national dollar store competitor is over 10 miles away), this property offers a compelling combination of high yield, low risk, and long-term passive income potential. The asking price is $1,198,667.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Donnellson
    County
    Lee
    State
    Iowa
    Longitude
    -91.5593
    Latitude
    40.6396
    CBSA code
    22800
    CBSA name
    FORT MADISON-KEOKUK, IA-IL-MO MICROPOLITAN 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
    $17,164
    $88,000
    $517,720
    $605,720
    -
    $88,000
    $517,720
    $605,720

    Comparable in this City

    • Value Estimation
      $190,000
      3,200 SF

      202 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      202 Madison Ave, Donnellson, IA 52625-9621
      View Details
    • Value Estimation by Request
      1,120 SF

      Donnellson, IA 52625

      RETAIL STORES (PERSONAL SERVICES) • 1,120 SF
      Donnellson, IA 52625
      View Details
    • Value Estimation by Request
      2,052 SF

      500 Park St

      RETAIL STORES (PERSONAL SERVICES) • 2,052 SF
      500 Park St, Donnellson, IA 52625-7409
      View Details
    • Value Estimation by Request
      3,000 SF

      2469 Hwy 2nd 2

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      2469 Hwy 2nd 2, Donnellson, IA 52625-9177
      View Details
    • Value Estimation by Request
      1,710 SF

      Donnellson, IA 52625

      RETAIL STORES (PERSONAL SERVICES) • 1,710 SF
      Donnellson, IA 52625
      View Details
    • Value Estimation
      $330,000
      6,100 SF

      1564 143rd St

      RETAIL STORES (PERSONAL SERVICES) • 6,100 SF
      1564 143rd St, Donnellson, IA 52625-9239
      View Details
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    119 Madison Ave
    Donnellson, IA 52625-9620
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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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