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Property profile & analytics
OFF-MARKET Estimated value $550,000
Investment properties

1301 1st N Ave Altoona, IA 50009-2276

4,500 SF 0.64 ac lot Built 2015
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US25-0407750
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2015
Construction FRAME
Total area 4,500 SF
Lot 0.64 ac (27,791 SF)
Zoning code M-1
APN 171/00001-001-016
UPID US25-0407750
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
$550k
CAP Approach CAP
$685k
Comparable Approach Comparable
$403k
Blend (final) Blend
$550k
Owner & transaction history
Abraham Properties LLC · 1 yrs held
Abraham Properties LLC
since 2024
Last sale
$550,000
3 recorded transactions
2024
$675,000
2024
$550,000
2014
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
Auto repair, garage $700,000 +42.0%
Medical building $680,000 +38.0%
Retail stores $525,000 +6.7%
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