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    Property profile & analytics

    234 2nd St Madrid, IA 50156

    • Retail space
    • 3,712 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 01, 2020
    $25,000
    Location Intelligence
    Property ID
    US25-1214380
    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 234 2nd St

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    3,712 SF
    Property type
    Retail space
    APN
    88226361286104
    APU
    88226361286104

    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
    -93.8226
    Latitude
    41.8756
    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
    $168
    $8,154
    $807
    $8,961
    -
    $8,154
    $807
    $8,961

    Comparable in this City

    • Value Estimation by Request
      7,040 SF

      246 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 7,040 SF
      246 2nd St, Madrid, IA 50156-1212
      View Details
    • Value Estimation
      $440,000
      9,920 SF

      215 Southern Pr Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,920 SF
      215 Southern Pr Dr, Madrid, IA 50156-8201
      View Details
    • Value Estimation by Request
      4,180 SF

      201 State St

      RETAIL STORES (PERSONAL SERVICES) • 4,180 SF
      201 State St, Madrid, IA 50156-1319
      View Details
    • Value Estimation by Request
      2,584 SF

      209 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 2,584 SF
      209 2nd St, Madrid, IA 50156-1211
      View Details
    • Value Estimation by Request
      2,688 SF

      109 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 2,688 SF
      109 2nd St, Madrid, IA 50156-1339
      View Details
    • Value Estimation
      $155,000
      1,036 SF

      411 6th St

      RETAIL STORES (PERSONAL SERVICES) • 1,036 SF
      411 6th St, Madrid, IA 50156-1607
      View Details

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      Commercial Land in Growing Madrid

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    234 2nd St
    Madrid, IA 50156
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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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