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    Property profile & analytics

    1540 State St Ely, IA 52227-9799

    • Banks
    • 2,257 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-0437385
    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

    • Solon State Bank- Ely Branch / Bank
    • Shazam Atm / Atm

    Property Details for 1540 State St

    Year built
    1988
    Lot size
    0.86 lot acres
    Property size
    2,257 SF
    Property type
    Banks
    APN
    18-31-1-31-002-0-0000
    APU
    183113100200000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ely
    County
    Linn
    State
    Iowa
    Longitude
    -91.5876
    Latitude
    41.8735
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN 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
    $10,940
    $89,500
    $409,300
    $498,800
    -
    $89,500
    $409,300
    $498,800

    Comparable in this City

    • Value Estimation
      $255,000
      839 SF

      1665 Dows St

      RETAIL STORES (PERSONAL SERVICES) • 839 SF
      1665 Dows St, Ely, IA 52227-9499
      View Details
    • Value Estimation
      $100,000
      1,575 SF

      1685 Dows St

      RETAIL STORES (PERSONAL SERVICES) • 1,575 SF
      1685 Dows St, Ely, IA 52227-9569
      View Details
    • Value Estimation
      $235,000
      884 SF

      1648 Dows St

      RETAIL STORES (PERSONAL SERVICES) • 884 SF
      1648 Dows St, Ely, IA 52227-9568
      View Details
    • Value Estimation by Request
      3,852 SF

      1990 State St

      RETAIL STORES (PERSONAL SERVICES) • 3,852 SF
      1990 State St, Ely, IA 52227-9773
      View Details
    • Value Estimation
      $210,000
      8,124 SF

      1600 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,124 SF
      1600 Main St, Ely, IA 52227-9403
      View Details
    • Value Estimation by Request
      3,331 SF

      1495 State St

      CONVENIENCE STORE • 3,331 SF
      1495 State St, Ely, IA 52227-9798
      View Details

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    Property Visit Statistics

    • Visits by month
      20.1k
    • Visitors by month
      7.9k
    • Avg Time on site
      6 min
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    1540 State St
    Ely, IA 52227-9799
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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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