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Property profile & analytics
OFF-MARKET
Estimated value
$2,810,000
Assisted living facilities
200 7th SW Ave Altoona, IA 50009-1630
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0217400
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2015
Construction
FRAME
Total area
31,803 SF
Lot
4.55 ac (198,024 SF)
Zoning code
R-2
APN
171/00099-000-000
UPID
US25-0217400
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
$2.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
Realco Altoona Ia LLC · 5 yrs held
Realco Altoona Ia LLC
since 2021
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
R-2 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+264.3%
Restaurant
$2.7M
+222.8%
Retail stores
$2.3M
+174.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Altoona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Altoona submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,540,000
ML approach
$2,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,015,000
Change: +264% · Conversion: Difficult
RESTAURANT
$2,670,000
Change: +223% · Conversion: Difficult
RETAIL STORES
$2,270,000
Change: +175% · Conversion: Difficult
MEDICAL BUILDING
$1,895,000
Change: +129% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,885,000
Change: +128% · Conversion: Difficult
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±10% · vs last sale $3.08M (Mar 4 2020)
Last sale anchor
$3.08M
Mar 4 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$64,672
Tax year 2020
Assessed value
$2,870,000
Assessed 2023
Previous assessed
$2,870,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$548,000
Assessed improvement
$2,322,000
Land market value
$548,000
Improvement market value
$2,322,000
Total market value
$2,870,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Rooms
8
Bathrooms
2
Total area
31,803 SF
Lot
4.55 ac (198,024 SF)
Zoning code
R-2
APN
171/00099-000-000
UPID
US25-0217400
Jurisdiction
POLK
Zoning & alternative use
R-2 · Altoona, IA
Zoning R-2 · permitted uses
R-2 · Altoona, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Altoona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.0M
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Rooms
8
Bathrooms
2
Lot
4.55 ac
Current owner
From public records · entity-resolved
Realco Altoona Ia LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2045 W GRAND AVEB34572, CHICAGO, IL 60612-1576
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2021
—
Realco Altoona Ia LLC
Realco Altoona Ia LLC
Correction Deed
related
—
Mar 4, 2020
$3,079,500
Realco Altoona Ia LLC
Ltc Jonesboro INC
Warranty Deed
—
Dec 29, 2004
$2,381,000
Ltc-jonesboro INC
Ltc Partners II
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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