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    122 Ramsey St Bancroft, IA 50517
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    Property profile & analytics

    122 Ramsey St Bancroft, IA 50517

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    • Individual retail properties
    • 2,955 SF
    • 0.15 lot acres
    For Sale
    $99,900
    View Listing →
    Bancroft Commercial Space For Sale For Sale
    $99,900

    Bancroft Commercial Space For Sale

    Prime Location, Versatile Space, High Visibility

    122 Ramsey St, Bancroft, IA 50517
    View Listing
    Property ID
    US25-0535813
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bancroft Clinic- Kossuth Regional Health Center / Medical Clinic
    • Styling Station / Hair Salon / Nail Salon
    • Foodbank of Iowa - Bancroft Mobile Pantry - Food Pantry / Food Bank / Charitable Organization
    • Alan Hjelle / Pediatrician / Physician
    • Jennifer Vonbank / Physician

    Property Details for 122 Ramsey St

    Year built
    1930
    Lot size
    0.15 lot acres
    Property size
    2,955 SF
    Property type
    Individual retail properties
    APN
    10-24-187-007
    APU
    1024187007

    Description

    This exceptional 99,900 USD commercial property at 122 Ramsey Street E, Bancroft, IA, presents a unique investment opportunity. Previously a beauty salon, this adaptable space is perfect for a variety of businesses. Its high-visibility Main Street location ensures significant foot traffic and exposure within the thriving Bancroft community. The interior boasts a stylish and modern design, creating an inviting atmosphere for clients. Existing beauty salon fixtures, including styling chairs and shampoo bowls, are included and can be readily repurposed or removed to suit your specific business needs. A significant advantage is the attached warehouse/storage area, providing ample space for inventory or equipment. The property's versatility makes it suitable for a wide range of commercial uses, from retail shops and offices to other service-oriented businesses. This is a chance to acquire a well-maintained, ready-to-occupy commercial space in a desirable location. The property is situated on a lot with zero acres. Seize this opportunity to establish or relocate your business in a vibrant and supportive community. The asking price is 99,900 USD. Don't miss out on this exceptional chance to own a thriving commercial space in Bancroft, Iowa.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bancroft
    County
    Kossuth
    State
    Iowa
    Longitude
    -94.2168
    Latitude
    43.2927

    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
    2021
    $1,164
    $6,250
    $81,580
    $87,830
    -
    $6,250
    $81,580
    $87,830

    Comparable in this City

    • Value Estimation by Request
      3,225 SF

      113 Ramsey St

      BARBER, HAIR SALON • 3,225 SF
      113 Ramsey St, Bancroft, IA 50517-8129
      View Details
    • Value Estimation by Request
      7,896 SF

      112 Ramsey St

      GROCERY, SUPERMARKET • 7,896 SF
      112 Ramsey St, Bancroft, IA 50517-8130
      View Details
    • Value Estimation by Request
      3,250 SF

      103 Ramsey St

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      103 Ramsey St, Bancroft, IA 50517-8073
      View Details
    • Value Estimation by Request
      3,000 SF

      105 Ramsey St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      105 Ramsey St, Bancroft, IA 50517-8129
      View Details
    • Value Estimation by Request
      4,460 SF

      112 Ramsey St

      RETAIL STORES (PERSONAL SERVICES) • 4,460 SF
      112 Ramsey St, Bancroft, IA 50517
      View Details
    • Value Estimation by Request
      4,968 SF

      109 Ramsey St

      RETAIL STORES (PERSONAL SERVICES) • 4,968 SF
      109 Ramsey St, Bancroft, IA 50517-8129
      View Details

    Similar Nearby for Sale

    • $99,900

      Bancroft Commercial Space For Sale

      Prime Location, Versatile Space, High Visibility
      122 Ramsey St, Bancroft, IA 50517
      View Details
    • $99,000
      4.00 Acres

      Bancroft Vacant Land Opportunity

      4+/- acres of land suitable for residential development in Bancroft, IA.
      208 Public St, Bancroft, IA 50517
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    View Listing
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    Bancroft, IA 50517
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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