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    Property profile & analytics

    217 8th Ave Wellman, IA 52356-4708

    • Office buildings
    • 1,845 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US25-1583195
    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

    • Leichty Insurance and Financial Services, Inc. / Insurance Agency
    • Wellman Family Practice / Doctor
    • Squiers Meagan M / Family Practice Physician
    • Bjfs LLC / Financial Planner

    Property Details for 217 8th Ave

    Year built
    1900
    Lot size
    0.18 lot acres
    Property size
    1,845 SF
    Property type
    Office buildings
    APN
    01-24-215-003
    APU
    124215003

    Description

    This exceptional commercial property, situated at 217 8th Ave Unit Suites 1 in Wellman, Iowa, presents a unique investment opportunity. The property encompasses a sizable 0.18-acre lot, offering ample space for various commercial ventures. While the precise square footage of the building is currently unavailable, the substantial lot size suggests significant potential for expansion or redevelopment. Its location in Wellman, IA provides access to a thriving local market and offers excellent visibility for businesses seeking a strong presence in the community. The property's general commercial zoning allows for a wide range of uses, making it an attractive option for entrepreneurs and investors alike. The absence of a listed price indicates a flexible negotiation process, allowing for tailored offers based on individual business plans and investment strategies. This property is an ideal canvas for a new business or a strategic addition to an existing portfolio. Serious inquiries are encouraged to explore the possibilities this prime Wellman location offers. The property's versatility and strategic location make it a compelling investment opportunity in a growing Iowa community. Further details regarding the building's specifications are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $185,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $205,000
      Mixed-Use
      $230,000
      Hospitality
      $225,000
      Educational
      $185,000
      Residential Income
      $200,000
      Energy
      $225,000
      Income-Based Land
      $185,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Wellman
    County
    Washington
    State
    Iowa
    Longitude
    -91.8381
    Latitude
    41.4643
    CBSA code
    26980
    CBSA name
    IOWA CITY, IA METROPOLITAN STATISTICAL AREA

    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
    2023
    $8,572
    $2,600
    $332,200
    $334,800
    -
    $2,600
    $332,200
    $334,800

    Comparable in this City

    • Value Estimation
      $195,000
      4,816 SF

      214 8th Ave

      OFFICE BUILDING • 4,816 SF
      214 8th Ave, Wellman, IA 52356-4707
      View Details
    • Value Estimation by Request
      3,100 SF

      704 4th St

      OFFICE BUILDING • 3,100 SF
      704 4th St, Wellman, IA 52356
      View Details
    • Value Estimation by Request
      1,025 SF

      201 8th Ave

      PROFESSIONAL BUILDING • 1,025 SF
      201 8th Ave, Wellman, IA 52356
      View Details
    • Value Estimation by Request
      1,680 SF

      224 8th Ave

      OFFICE BUILDING • 1,680 SF
      224 8th Ave, Wellman, IA 52356
      View Details
    • Value Estimation by Request
      504 SF

      302 8th Ave

      PROFESSIONAL BUILDING • 504 SF
      302 8th Ave, Wellman, IA 52356-9311
      View Details
    • Value Estimation by Request
      1,056 SF

      256 8th Ave

      OFFICE BUILDING • 1,056 SF
      256 8th Ave, Wellman, IA 52356-4707
      View Details

    Similar Nearby for Sale

    • $644,878
      70.44 Acres

      Washington County Farmland with CRP

      70+ acres of gently rolling farmland in CRP program.
      70.44 Acres Cedar Ave, Wellman, IA 52356
      View Details
    • New
      $644,878
      70.44 Acres

      70+ Acres Farmland in Iowa

      70+ acres of gently rolling farmland in Washington County, Iowa.
      70 Cedar Ave, Wellman, IA 52356
      View Details
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    217 8th Ave
    Wellman, IA 52356-4708
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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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