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Financial
Distress signals
Property profile

2849 N Court St Ottumwa, IA 52501

FOR LEASE
Flex space
Property ID
US25-1693306
5,760 SF 0.86 ac lot Built 1966
Last sale Jul 2014 · $314,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This flex commercial property consists of a combined office and warehouse configuration, featuring approximately 1,300 square feet of office space and approximately 1,400 square feet of warehouse space within a single building, with distinct office and warehouse components. The building was constructed in 1966 and is located at 2849 N Court Street on the north side of Ottumwa, Iowa.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value · 2024$317k
Assessed land$112k
Assessed improvement$205k
Effective rate4.00%

Value estimate

· Oct 2026
$300k
$270k – $330k
CAP approach$525k
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$3k
Operating expenses−$8k
NOI · 64.74% cap applied$16k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
64.74%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAPELLO

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop10.8
Realty agency10.4
Auto Parts Store10.3

Location

2849 N Court St Ottumwa, IA 52501
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1101 Madison Ave, Ottumwa, IA 52501-5441 $130,000 Mar 2024 2,160 SF
14880 Hwy 149, Ottumwa, IA 52501 $200,000 Sep 2023 2,560 SF
14007 Commissary, Ottumwa, IA 52501-1142 $248,000 Apr 2021 12,037 SF
105 Vine, Ottumwa, IA 52501-3164 $76,500 Nov 2020 4,500 SF
830 Hayne, Ottumwa, IA 52501-3613 $150,000 Nov 2019 6,848 SF
1219 Madison, Ottumwa, IA 52501-5443 $59,000 Apr 2019 1,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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