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    Property profile & analytics

    121 2nd St Ottumwa, IA 52501

    • Investment properties
    • 3,300 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2073721
    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

    • Investment properties

    Property Details for 121 2nd St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.04 lot acres
    Property size
    3,300 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7410650006000
    APU
    7410650006000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.411
    Latitude
    41.0183
    CBSA code
    36900
    CBSA name
    OTTUMWA, IA 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
    2022
    $1,284
    $4,450
    $54,740
    $59,190
    -
    $4,450
    $54,740
    $59,190

    Comparable in this City

    • Value Estimation by Request
      20,812 SF

      133 2nd St

      STORE/OFFICE (MIXED USE) • 20,812 SF
      133 2nd St, Ottumwa, IA 52501-2502
      View Details
    • Value Estimation
      $400,000
      13,210 SF

      201 2nd St

      STORE/OFFICE (MIXED USE) • 13,210 SF
      201 2nd St, Ottumwa, IA 52501-2958
      View Details
    • Value Estimation
      $375,000
      3,518 SF

      Ottumwa, IA 52501

      STORE/OFFICE (MIXED USE) • 3,518 SF
      Ottumwa, IA 52501
      View Details
    • Value Estimation
      $435,000
      16,187 SF

      120 Ct St

      STORE/OFFICE (MIXED USE) • 16,187 SF
      120 Ct St, Ottumwa, IA 52501-2567
      View Details
    • Value Estimation by Request
      3,263 SF

      123 2nd St

      STORE/OFFICE (MIXED USE) • 3,263 SF
      123 2nd St, Ottumwa, IA 52501-2926
      View Details
    • Value Estimation
      $555,000
      6,860 SF

      325 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,860 SF
      325 Main St, Ottumwa, IA 52501-3057
      View Details

    Similar Nearby for Sale

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      Retail property with two rented suites in high-visibility location.
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      Historic Ottumwa mixed-use property with event spaces and apartments.
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      Commercial building with shop, office, and apartment in Ottumwa.
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    • $367,500
      7.19 Acres

      Multi-Use Property with Commercial Potential

      Rare live/work property with shop space and income potential.
      9418 151St Ave, Ottumwa, IA 52501
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    • $345,000
      0.06 Acres

      Mixed-Use Building in Ottumwa, Iowa

      Mixed-use building with bar, apartments, and office space for sale.
      116 N Market St, Ottumwa, IA 52501
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      Historic Ottumwa Mixed-Use Opportunity

      Massive brick building in downtown Ottumwa with redevelopment potential.
      229 E 2Nd St, Ottumwa, IA 52501
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    Similar Nearby for Lease

    • $14 SF/Yr
      70,046 SF

      Ottumwa Medical Office Space

      Modern medical office suites available.
      1005 Pennsylvania Ave, Ottumwa, IA 52501
      View Details
    • $122,388
      21,198 SF

      Downtown Ottumwa Office Space

      Affordable office space in downtown Ottumwa, Iowa for lease.
      127 E Main St, Ottumwa, IA 52501
      View Details
    • Contact for pricing
      6,943 SF

      Ottumwa Retail Center Opportunity

      High-Visibility Retail Space Available
      819 Albia Rd, Ottumwa, IA 52501
      View Details
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    121 2nd St
    Ottumwa, IA 52501
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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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