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Property profile

2204 2nd Ave Indianola, IA 50125

OFF-MARKET
Flex space
Property ID
US25-2096893
View Sample
10,350 SF 8.48 ac lot Built 1993
Trust Owned Absentee Owner Free & Clear

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1993
Total area 10,350 SF
Lot 8.48 ac (369,389 SF)
APN 48510000010
UPID US25-2096893

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
  • City Government Office
  • Community Center
  • Community Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$590k

Owner & transaction history

since 2025
1 recorded transaction
2025
$265,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.6M +87.7%
Office building $1.5M +76.8%
Medical building $1.2M +41.4%

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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