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Property profile & analytics
OFF-MARKET Estimated value $2,310,000
Strip malls

160 Adventureland NW Dr Altoona, IA 50009-4231

25,979 SF 3.44 ac lot Built 2008
Individually Owned 5-yr Hold Free & Clear
Property ID
US25-0263528
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Construction STEEL FRAME
Total area 25,979 SF
Lot 3.44 ac (149,977 SF)
Zoning code C-2
APN 171/00236-860-010
UPID US25-0263528
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.82M
Blend (final) Blend
$2.31M
Owner & transaction history
Ashley M Donovan · 5 yrs held
Ashley M Donovan
since 2020
3 recorded transactions
2020
$202,000
2018
$120,000
2012
Price N/A
Zoning & alternative use
C-2 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

8. C-2 General Commercial District. 9. C-3 Planned Commercial District. 10. C-4 Village Commercial District. 11. C-5 Office Park. 12. C-6 Commercial Entertainment or Recreational District. 13. C-7 Regional Commercial District. 14. M-1 Limited Industrial District. 15. M-1A Commercial And Limited Light Industrial Business Park. 16. M-2 Heavy Industrial Distric…

Zone name General Commercial
General category COMMERCIAL
Zone area 538.92 ac
Source Development Standards 2019
Top alternative use upside
Retail stores $3.0M +18.3%
Commercial (general) $2.8M +11.0%
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