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Property profile

1200 18th St Spencer, IA 51301

OFF-MARKET
Office buildings
Property ID
US25-1172604
1,512 SF 0.41 ac lot Built 2012
Last sale Aug 2013
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A commercial office suite constructed in 2012 offering 1,512 square feet of functional interior space, located on W 18th St in Spencer, Iowa (Clay County) within the 51301 postal code. The layout includes a built-in reception desk and waiting area, three dedicated offices, and a conference room that could serve as a fourth office, along with a kitchenette, a private bathroom, a server room, a utility room, and a storage closet. The property provides shared parking with handicap accessibility and includes a prominent exterior sign for identification and visibility.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$210k
Assessed land$28k
Assessed improvement$182k
Effective rate1.96%

Value estimate

· Oct 2026
$255k
$230k – $281k
AI approach$255k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-1 GENERAL COMMERCIAL
JurisdictionCLAY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.1
Restaurant17.8
Dental Office15.5

Location

1200 18th St Spencer, IA 51301-2821
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
35 1st, Spencer, IA 51301-4209 $94,900 Mar 2024 1,472 SF
2915 11th SW, Spencer, IA 51301-5522 $725,000 Nov 2023 1,716 SF
1807 Norris, Spencer, IA 51301-3451 $139,500 May 2023 971 SF
905 Grand, Spencer, IA 51301-5717 $250,000 Jul 2022 1,798 SF
2000 Hwy, Spencer, IA 51301-2112 $157,375 Jun 2021 2,400 SF
112 6th, Spencer, IA 51301-3823 $110,000 Feb 2020 2,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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