Property profile

2604 Ct St Ottumwa, IA 52501

OFF-MARKET
Retail space
Property ID
US25-2188324
4,352 SF 0.3 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This commercial property is a low-maintenance brick building configured with two separate suites. It sits on a corner lot at the intersection of Highway 149 and North Court Street, in a high-visibility area near Hy-Vee Gas and restaurants. The site covers approximately 0.3 acres and includes about 20 parking spaces. One of the suites has a garage door, and the building has been equipped with a recently installed air conditioning unit. Tenants are responsible for utilities, while building-related expenses such as taxes, insurance, mowing, and snow removal are handled at the property level. The property is situated to support business uses that benefit from roadside exposure and on-site parking.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction LOG
Total area 4,352 SF
Lot 0.3 ac (13,200 SF)
APN 7411550009000
UPID US25-2188324

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Home Health Care Service Medical Supply Store
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

2604 Ct St Ottumwa, IA 52501-1272
Ottumwa metro Census 960300 OTTUMWA, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2022
Last sale
$350,000
1 recorded transaction
2022
$350,000

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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