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    Property profile & analytics

    202 2nd St Farmington, IA 52626-9105

    • Medical offices
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2111290
    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

    • Medical offices

    Property Details for 202 2nd St

    Year built
    1933
    Lot size
    0.25 lot acres
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    721235463130
    APU
    721235463130

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Van Buren
    State
    Iowa
    Longitude
    -91.7427
    Latitude
    40.6392

    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
    $1,274
    $11,340
    $62,510
    $73,850
    -
    $11,340
    $62,510
    $73,850

    Comparable in this City

    • Value Estimation
      $320,000
      0.58 Acres

      206 4th St

      MEDICAL BUILDING • 0.58 Acres
      206 4th St, Farmington, IA 52626-9235
      View Details
    • Value Estimation
      $310,000
      0.20 Acres

      109 Elm St

      MEDICAL BUILDING • 0.20 Acres
      109 Elm St, Farmington, IA 52626-9537
      View Details
    • Value Estimation by Request
      0.03 Acres

      104 3rd St

      OFFICE (GENERAL) • 0.03 Acres
      104 3rd St, Farmington, IA 52626
      View Details
    • Value Estimation by Request
      140 SF

      27198 Timber Ave

      OFFICE (GENERAL) • 140 SF
      27198 Timber Ave, Farmington, IA 52626
      View Details
    • Value Estimation
      $270,000
      0.38 Acres

      106 Olive St

      OFFICE (GENERAL) • 0.38 Acres
      106 Olive St, Farmington, IA 52626-9542
      View Details
    • Value Estimation by Request
      0.07 Acres

      105 2nd St

      OFFICE (GENERAL) • 0.07 Acres
      105 2nd St, Farmington, IA 52626-9530
      View Details
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    202 2nd St
    Farmington, IA 52626-9105
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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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