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Property profile

2402 21st NW St Altoona, IA 50009

OFF-MARKET
Warehouses
Property ID
US25-2524429
View Sample
259,056 SF 16.31 ac lot Built 2023
Entity Owned Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2023
Construction STEEL FRAME
Total area 259,056 SF
Lot 16.31 ac (710,393 SF)
APN 171/42311-251-001
UPID US25-2524429

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.63M
Blend (final) Blend
$21.98M

Owner & transaction history

since 2025
Last sale
$30.0M
1 recorded transaction
2025
$30.0M

Zoning & alternative use

Top alternative use upside
Retail stores $30.2M +36.8%
Commercial (general) $28.3M +28.2%
Neighborhood: shopping center $25.5M +15.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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