Property profile

2023 Adventureland Dr Altoona, IA 50009

OFF-MARKET
Hotels
Property ID
US25-0168530
38,979 SF 1.35 ac lot Built 2017
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2017
Construction FRAME
Total area 38,979 SF
Lot 1.35 ac (58,806 SF)
Zoning code C-2
APN 171/00178-511-000
UPID US25-0168530

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

2023 Adventureland Dr Altoona, IA 50009-2224
Altoona metro Census 10707 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$2.26M

Owner & transaction history

since 2016
5 recorded transactions
2016
Price N/A
2016
Price N/A
2016
Price N/A
2016
$350,000
2015
Price N/A

Zoning & alternative use

C-2 · Altoona, IA
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 Dis…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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