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    Property profile & analytics

    2673 240th St Fort Madison, IA 52627-9529

    • Office buildings
    • 300 SF
    • 3.62 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US25-0641869
    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

    • Office buildings

    Property Details for 2673 240th St

    Year built
    2018
    Construction
    FRAME
    Lot size
    3.62 lot acres
    Property size
    300 SF
    Property type
    Office buildings
    APN
    02-17-14-11-400-0060
    APU
    21714114000060

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Madison
    County
    Lee
    State
    Iowa
    Longitude
    -91.3979
    Latitude
    40.6119
    CBSA code
    22800
    CBSA name
    FORT MADISON-KEOKUK, IA-IL-MO MICROPOLITAN 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
    $7,824
    $40,600
    $349,330
    $389,930
    -
    $40,600
    $349,330
    $389,930

    Comparable in this City

    • Value Estimation
      $405,000
      1,792 SF

      2157 302nd Ave

      OFFICE BUILDING • 1,792 SF
      2157 302nd Ave, Fort Madison, IA 52627-9708
      View Details
    • Value Estimation
      $355,000
      4,161 SF

      4703 Ave Ln

      OFFICE BUILDING • 4,161 SF
      4703 Ave Ln, Fort Madison, IA 52627
      View Details
    • Value Estimation
      $195,000
      960 SF

      1827 Ave E Ave

      OFFICE BUILDING • 960 SF
      1827 Ave E Ave, Fort Madison, IA 52627
      View Details
    • Value Estimation
      $360,000
      1,872 SF

      1225 Ave H H, Unit 1233

      OFFICE BUILDING • 1,872 SF
      1225 Ave H H, Fort Madison, IA 52627-4545
      View Details
    • Value Estimation
      $585,000
      60,098 SF

      301 Ave H H

      OFFICE BUILDING • 60,098 SF
      301 Ave H H, Fort Madison, IA 52627-3034
      View Details
    • Value Estimation
      $310,000
      2,169 SF

      1023 Ave G G

      PROFESSIONAL BUILDING • 2,169 SF
      1023 Ave G G, Fort Madison, IA 52627-4532
      View Details

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    • $154,900
      3,000 SF

      Victorian Mixed-Use Building in Downtown

      Historic downtown building with retail space and residential apartment.
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    • New
      $262,000
      Pending

      Furnished Quadplex in Historic District

      Fully furnished 4-plex suitable for short or mid-term rentals.
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    Similar Nearby for Lease

    • $10 SF/Yr
      570 SF

      Downtown Fort Madison Office Space

      570 sq ft, Private Office, $475/month
      613 Avenue, Fort Madison, IA 52627
      View Details
    • Contact for pricing
      3,500 SF

      Fort Madison Retail Opportunity

      Prime Retail Lots, Build-to-Suit Available
      4810 Avenue, Fort Madison, IA 52627
      View Details
    • Contact for pricing

      Retail Space Available Near Aldi

      4,800 SF retail space available January 1, 2020.
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      View Details
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    2673 240th St
    Fort Madison, IA 52627-9529
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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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