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    Property profile & analytics

    2223 Hwy Blvd Spencer, IA 51301-2109

    • Retail space
    • 10,130 SF
    • 6.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 12, 2020
    Location Intelligence
    Property ID
    US25-2466407
    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

    • Schoeneman's Building Materials Center / Building Materials Store / Lumber Store

    Property Details for 2223 Hwy Blvd

    Year built
    2021
    Construction
    FRAME
    Lot size
    6.16 lot acres
    Property size
    10,130 SF
    Zone code
    C-2 HIGHWAY COMMERCIAL
    Property type
    Retail space
    APN
    963606301006
    APU
    963606301006

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Clay
    State
    Iowa
    Longitude
    -95.1493
    Latitude
    43.1612
    CBSA code
    43980
    CBSA name
    SPENCER, IA MICROPOLITAN 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
    $50,490
    $182,410
    $1,571,550
    $1,753,960
    -
    $182,410
    $1,571,550
    $1,753,960

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

      304 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,840 SF
      304 Grand Ave, Spencer, IA 51301-4141
      View Details
    • Value Estimation by Request
      3,999 SF

      712 11th SW St

      RETAIL STORES (PERSONAL SERVICES) • 3,999 SF
      712 11th SW St, Spencer, IA 51301-5530
      View Details
    • Value Estimation by Request
      732 SF

      309 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 732 SF
      309 Grand Ave, Spencer, IA 51301-4142
      View Details
    • Value Estimation
      $270,000
      4,048 SF

      17 4th St

      RETAIL STORES (PERSONAL SERVICES) • 4,048 SF
      17 4th St, Spencer, IA 51301-4014
      View Details
    • Value Estimation
      $130,000
      5,538 SF

      510 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,538 SF
      510 Grand Ave, Spencer, IA 51301
      View Details
    • Value Estimation
      $190,000
      6,457 SF

      2 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,457 SF
      2 Grand Ave, Spencer, IA 51301-4220
      View Details

    Similar Nearby for Sale

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      5,438 SF property featuring restaurant, playground, and office spaces.
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      Two-unit property in Spencer, Iowa, offering stable income potential.
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      Residential land available in Spencer, close to golf and trails.
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      Residential land available near Spencer Golf and Country Club.
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    2223 Hwy Blvd
    Spencer, IA 51301-2109
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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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