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    Property profile & analytics

    223 Madison Ave Ottumwa, IA 52501-4312

    • Retail space
    • 14,844 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 25, 2025
    $50,000
    Location Intelligence
    Property ID
    US25-1772382
    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

    • Retail space

    Property Details for 223 Madison Ave

    Year built
    1961
    Construction
    LOG
    Lot size
    0.95 lot acres
    Property size
    14,844 SF
    Property type
    Retail space
    APN
    7416330293000
    APU
    7416330293000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.4144
    Latitude
    41.0042
    CBSA code
    36900
    CBSA name
    OTTUMWA, 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
    2022
    $7,476
    $56,880
    $242,390
    $299,270
    -
    $56,880
    $242,390
    $299,270

    Comparable in this City

    • Value Estimation by Request
      7,089 SF

      225 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,089 SF
      225 Main St, Ottumwa, IA 52501-2917
      View Details
    • Value Estimation by Request
      3,053 SF

      303 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,053 SF
      303 Main St, Ottumwa, IA 52501-3024
      View Details
    • Value Estimation by Request
      3,355 SF

      301 Church St

      RETAIL STORES (PERSONAL SERVICES) • 3,355 SF
      301 Church St, Ottumwa, IA 52501-4212
      View Details
    • Value Estimation by Request
      2,677 SF

      531 Church St

      RETAIL STORES (PERSONAL SERVICES) • 2,677 SF
      531 Church St, Ottumwa, IA 52501-4216
      View Details
    • Value Estimation by Request
      576 SF

      1306 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 576 SF
      1306 2nd St, Ottumwa, IA 52501-1611
      View Details
    • Value Estimation by Request
      19,557 SF

      117 Main St

      RETAIL STORES (PERSONAL SERVICES) • 19,557 SF
      117 Main St, Ottumwa, IA 52501-2915
      View Details

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      Retail Investment Opportunity in Ottumwa

      Retail property with two rented suites in high-visibility location.
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      Prime Ottumwa Commercial Property

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    Similar Nearby for Lease

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      6,943 SF

      Ottumwa Retail Center Opportunity

      High-Visibility Retail Space Available
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      Ottumwa Medical Office Space

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      Downtown Ottumwa Office Space

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      127 E Main St, Ottumwa, IA 52501
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    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.1k
    • Avg Time on site
      22 min
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    223 Madison Ave
    Ottumwa, IA 52501-4312
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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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