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    Property profile & analytics

    2203 Commerce Dr Grundy Center, IA 50638

    • Self service car washes
    • 2,630 SF
    • 0.37 lot acres
    For Sale
    View listing
    $335,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-2428640
    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

    • Spartan Freeze / Restaurant / Ice Cream Shop
    • Spartan Car Wash LLC / Car Wash

    Property Details for 2203 Commerce Dr

    Year built
    2010
    Lot size
    0.37 lot acres
    Property size
    2,630 SF
    Property type
    Self service car washes
    APN
    871711402005
    APU
    871711402005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $315,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $265,000
      Mixed-Use
      $240,000
      Hospitality
      $235,000
      Educational
      $290,000
      Residential Income
      $310,000
      Energy
      $250,000
      Income-Based Land
      $230,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Grundy Center
    County
    Grundy
    State
    Iowa
    Longitude
    -92.7957
    Latitude
    42.3611
    CBSA code
    47940
    CBSA name
    WATERLOO-CEDAR FALLS, 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
    $5,598
    $22,200
    $206,670
    $228,870
    -
    $22,200
    $206,670
    $228,870

    Comparable in this City

    • Value Estimation by Request
      720 SF

      320 G Ave

      VEHICLE SALES, RENTALS • 720 SF
      320 G Ave, Grundy Center, IA 50638-1845
      View Details
    • Value Estimation
      $175,000
      4,650 SF

      318 G Ave

      AUTO REPAIR, GARAGE • 4,650 SF
      318 G Ave, Grundy Center, IA 50638
      View Details
    • Value Estimation by Request
      1,099 SF

      413 G Ave

      SERVICE STATION (FULL SERVICE) • 1,099 SF
      413 G Ave, Grundy Center, IA 50638-1746
      View Details
    • Value Estimation by Request
      3,921 SF

      1206 G Ave

      SERVICE STATION (FULL SERVICE) • 3,921 SF
      1206 G Ave, Grundy Center, IA 50638-1034
      View Details
    • Value Estimation by Request
      3,914 SF

      1502 G Ave

      VEHICLE SALES, RENTALS • 3,914 SF
      1502 G Ave, Grundy Center, IA 50638-1038
      View Details
    • Value Estimation by Request
      912 SF

      310 G Ave

      SERVICE STATION (FULL SERVICE) • 912 SF
      310 G Ave, Grundy Center, IA 50638-1840
      View Details

    Similar Nearby for Sale

    • $350,000
      0.33 Acres

      Commercial Property with Ice Cream Shop

      Commercial property with existing ice cream shop and tenant.
      1309 G Ave, Grundy Center, IA 50638
      View Details
    • $642,857
      9,014 SF

      Prime Grundy Center Retail Investment

      Dollar General-Leased Retail Property
      2009 Commerce Dr, Grundy Center, IA 50638
      View Details
    • $335,000
      0.38 Acres

      Turnkey Commercial Building in Grundy

      Well-equipped commercial property ideal for retail or restaurant use.
      2203 Commerce Dr, Grundy Center, IA 50638
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    • $500,000
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      Grundy Center Farmland Auction

      66.91 acres of prime farmland available via sealed bid.
      1 230Th St, Grundy Center, IA 50638
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    • $52,500
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      Residential Land in Grundy Center

      Large .45 acre lot available in Grundy Center, Iowa.
      Lot, Grundy Center, IA 50638
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    • $42,500
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      Residential Land in Prairie Ridge

      Residential lot available in Grundy Center's Prairie Ridge.
      Lot, Grundy Center, IA 50638
      View Details
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    2203 Commerce Dr
    Grundy Center, IA 50638
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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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