Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2400 Covington Rd Palo, IA 52324-9709

    • Warehouses
    • 2,592 SF
    • 9.00 lot acres
    OFF-MARKET
    Value Estimation
    $95,000
    Last Sale
    Apr 13, 2022
    $160,000
    Location Intelligence
    Property ID
    US25-0634906
    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

    • Warehouses

    Property Details for 2400 Covington Rd

    Year built
    1997
    Lot size
    9.00 lot acres
    Property size
    2,592 SF
    Zone code
    AG
    Property type
    Warehouses
    APN
    13-04-2-26-002-0-0000
    APU
    130422600200000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palo
    County
    Linn
    State
    Iowa
    Longitude
    -91.7893
    Latitude
    42.0365
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, 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
    $474
    $23,800
    $5,100
    $28,900
    -
    $23,800
    $5,100
    $28,900

    Comparable in this City

    • Value Estimation
      $310,000
      6,120 SF

      103 Dry Crk Ct

      WAREHOUSE, STORAGE • 6,120 SF
      103 Dry Crk Ct, Palo, IA 52324-9611
      View Details
    • Value Estimation
      $330,000
      1,500 SF

      1201 Blairs Fry Rd

      WAREHOUSE, STORAGE • 1,500 SF
      1201 Blairs Fry Rd, Palo, IA 52324
      View Details
    • Value Estimation by Request
      3,456 SF

      Dry Crk Ct

      WAREHOUSE, STORAGE • 3,456 SF
      Dry Crk Ct, Palo, IA 52324
      View Details
    • Value Estimation
      $310,000
      6,156 SF

      505 Vinton St

      WAREHOUSE, STORAGE • 6,156 SF
      505 Vinton St, Palo, IA 52324-4719
      View Details
    • Value Estimation
      $310,000
      7,080 SF

      110 Freese Ct

      WAREHOUSE, STORAGE • 7,080 SF
      110 Freese Ct, Palo, IA 52324-9609
      View Details
    • Value Estimation by Request
      10,721 SF

      325 1st St

      WAREHOUSE, STORAGE • 10,721 SF
      325 1st St, Palo, IA 52324-9647
      View Details

    Similar Nearby for Sale

    • $40,000
      0.19 Acres

      Palo, Iowa Buildable Lot

      Buildable lot in Palo, Iowa, suitable for residential or office.
      703 1St St, Palo, IA 52324
      View Details
    • $35,000
      0.19 Acres

      Palo, Iowa Buildable Lot

      Buildable lot in Palo, Iowa, zoned for residential or office.
      108 Main St, Palo, IA 52324
      View Details
    • New
      Contact for pricing
      150.67 Acres

      Palo, Iowa Farm/Estate Auction

      150.67 acres near Cedar Rapids, IA offered in two tracts.
      2214 Ross Rd, Palo, IA 52324
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2400 Covington Rd
    Palo, IA 52324-9709
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.