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Property profile & analytics
OFF-MARKET
Estimated value
$24,300,000
Warehouses
2600 20th NW Ave Altoona, IA 50009-2800
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0049899
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
STEEL FRAME
Total area
265,726 SF
Lot
14.76 ac (642,997 SF)
APN
171/00055-021-005
UPID
US25-0049899
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap 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
$24.12M
Blend (final)
Blend
$24.30M
Owner & transaction history
Sealy 20th Avenue LLC · 2 yrs held
Sealy 20th Avenue LLC
since 2023
Last sale
$24.9M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$40.2M
+77.5%
Medical building
$40.1M
+76.9%
Retail stores
$31.0M
+36.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Altoona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Altoona submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$23,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$22,670,000
Current use
APARTMENT HOUSE (5+ UNITS)
$40,225,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$40,110,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$31,000,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$29,070,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$26,200,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$24.30M
Range $21.87M – $26.73M · ±10% · vs last sale $24.90M (Aug 11 2023)
Last sale anchor
$24.90M
Aug 11 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$279,846
Tax year 2023
Assessed value
$24,200,000
Assessed 2024
Previous assessed
$24,200,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,310,000
Assessed improvement
$21,890,000
Land market value
$2,310,000
Improvement market value
$21,890,000
Total market value
$24,200,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Buildings
1
Stories
1
Total area
265,726 SF
Lot
14.76 ac (642,997 SF)
APN
171/00055-021-005
UPID
US25-0049899
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$22.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$40.2M
MEDICAL BUILDING
Est. value
$40.1M
RETAIL STORES
Est. value
$31.0M
COMMERCIAL (GENERAL)
Est. value
$29.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
STEEL FRAME
Stories
1
Buildings
1
Lot
14.76 ac
Current owner
From public records · entity-resolved
Sealy 20th Avenue LLC
Entity
Mailing address
8401 N CENTRAL EXPY STE #150, DALLAS, TX 75225-4404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$24,900,000
Sealy 20th Avenue LLC
Kci Altoona Industrial Land LLC
Special Warranty Deed
$50,000,000 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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