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    Property profile & analytics

    227 State St Madrid, IA 50156-1319

    • Medical offices
    • 1,716 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $40,000
    Last Sale
    Jul 01, 2020
    $65,000
    Location Intelligence
    Property ID
    US25-1315938
    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

    • Medical offices

    Property Details for 227 State St

    Year built
    1920
    Lot size
    0.07 lot acres
    Property size
    1,716 SF
    Zone code
    INC
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    88226361186069
    APU
    88226361186069

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madrid
    County
    Boone
    State
    Iowa
    Longitude
    -93.82
    Latitude
    41.8754
    CBSA code
    11180
    CBSA name
    AMES, 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
    $1,650
    $4,224
    $83,345
    $87,569
    -
    $4,224
    $83,345
    $87,569

    Comparable in this City

    • Value Estimation by Request
      5,053 SF

      2378 Ss Ave

      MEDICAL BUILDING • 5,053 SF
      2378 Ss Ave, Madrid, IA 50156-7593
      View Details
    • Value Estimation by Request
      5,878 SF

      103 2nd St

      OFFICE BUILDING • 5,878 SF
      103 2nd St, Madrid, IA 50156-1339
      View Details
    • Value Estimation by Request
      7,105 SF

      2369 330th St

      OFFICE BUILDING • 7,105 SF
      2369 330th St, Madrid, IA 50156
      View Details
    • Value Estimation
      $385,000
      7,856 SF

      235 2nd St

      OFFICE BUILDING • 7,856 SF
      235 2nd St, Madrid, IA 50156-1211
      View Details
    • Value Estimation
      $165,000
      1,942 SF

      200 2nd St

      PROFESSIONAL BUILDING • 1,942 SF
      200 2nd St, Madrid, IA 50156-1338
      View Details
    • Value Estimation by Request
      3,640 SF

      2349 330th St

      OFFICE BUILDING • 3,640 SF
      2349 330th St, Madrid, IA 50156
      View Details

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      Commercial Land in Growing Madrid

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      Farmland and Recreational Land in Iowa

      106.84 acres of Boone County farmland and recreational ground.
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    • New
      $1,150,170
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      Farmland and Recreational Land in Iowa

      106.84 acres of farm and recreational land in Boone County.
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      Turnkey bowling alley, restaurant, and bar in Madrid, Iowa.
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    227 State St
    Madrid, IA 50156-1319
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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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