Property profile

203 2nd St Ottumwa, IA 52501

OFF-MARKET
Office buildings
Property ID
US25-2194670
1,392 SF 0.15 ac lot Built 1950
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This commercial property is located in downtown Ottumwa and is configured for a range of business uses. It includes three existing tanning stations and a large counter area. The site provides parking and is situated within walking distance of hotels, shopping, coffee shops, and banking facilities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction FRAME
Total area 1,392 SF
Lot 0.15 ac (6,534 SF)
APN 7413760178000
UPID US25-2194670

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
  • Barber Shop
  • Accounting Firm Tax Preparation
  • Hair Salon

Location

203 2nd St Ottumwa, IA 52501-2504
Ottumwa metro Census 960600 OTTUMWA, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$55k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2025
Last sale
$87,500
3 recorded transactions
2025
Price N/A
2021
$87,500
2017
Price N/A

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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