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    Property profile & analytics

    3160 8Th St SW Altoona, IA 50009

    • Strip malls
    • 4,000 SF
    • 4.78 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimation
    $5,500,000
    Last Sale
    Dec 13, 2024
    $5,500,000
    Location Intelligence
    Property ID
    US25-0091255
    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

    • Strip malls

    Property Details for 3160 8Th St SW

    Year built
    2000
    Construction
    FRAME
    Lot size
    4.78 lot acres
    Property size
    4,000 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    171/00175-602-000
    APU
    17100175602000

    Description

    This single-story, 6,911 square foot retail strip center is located at 3160 8th St SW in Altoona, Iowa, within Polk County's Des Moines submarket. The property offers a minimum of 1,450 square feet of divisible space, ideal for a variety of retail businesses. Situated in a thriving retail corridor, this location benefits from high visibility and convenient access. Altoona's strategic position as a prominent entertainment hub in Iowa, home to major attractions such as Bass Pro Shops, Adventureland, and the Outlets of Des Moines, ensures a strong customer base and significant foot traffic. The property's single-building design provides efficient operations and easy management. This presents a unique opportunity for businesses seeking a well-located retail space in a rapidly growing area. The zip code is 50009. Serious inquiries are encouraged to explore this exceptional retail opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,455,000
      6.5%
      $5,805,000
      7%
      $6,005,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,090,000
      Geo Method
      $5,660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,965,000
      Retail
      $6,235,000
      Mixed-Use
      $6,260,000
      Hospitality
      $6,210,000
      Educational
      $5,335,000
      Residential Income
      $5,670,000
      Energy
      $4,825,000
      Income-Based Land
      $5,640,000
      Food Service
      $4,655,000

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.5011
    Latitude
    41.6433
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN 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
    2020
    $159,114
    $1,870,000
    $2,910,000
    $4,780,000
    -
    $1,870,000
    $2,910,000
    $4,780,000

    Comparable in this City

    • Value Estimation
      $540,000
      6,600 SF

      116 1st N Ave

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      116 1st N Ave, Altoona, IA 50009-1425
      View Details
    • Value Estimation by Request
      7,028 SF

      102 3rd SE St

      SHOPPING CENTER, STRIP CENTER • 7,028 SF
      102 3rd SE St, Altoona, IA 50009-1827
      View Details
    • Value Estimation
      $1,425,000
      9,700 SF

      412 8th SW St

      SHOPPING CENTER, STRIP CENTER • 9,700 SF
      412 8th SW St, Altoona, IA 50009-1620
      View Details
    • Value Estimation by Request
      20,316 SF

      1003 8th SW St

      SHOPPING CENTER, STRIP CENTER • 20,316 SF
      1003 8th SW St, Altoona, IA 50009-2349
      View Details
    • Value Estimation by Request
      6,600 SF

      2437 Adventureland Dr

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      2437 Adventureland Dr, Altoona, IA 50009-9409
      View Details
    • Value Estimation by Request
      16,500 SF

      3770 8th SW St

      SHOPPING CENTER, STRIP CENTER • 16,500 SF
      3770 8th SW St, Altoona, IA 50009-1048
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.00 Acres

      Altoona Commercial Land - 7 Acres

      Prime Altoona retail land, excellent visibility.
      0 Hubbell Ave, Des Moines, IA 50009
      View Details
    • $1,690,000
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      Altoona Restaurant with Redevelopment Potential

      Restaurant with redevelopment potential, excellent visibility and access.
      3131 8Th St SW, Altoona, IA 50009
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    • $1,400,000
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      Altoona Retail Space For Sale

      Retail building with high visibility and easy access.
      307-321 8Th St SW, Altoona, IA 50009
      View Details
    • $427,541
      1.51 Acres

      Altoona Commercial Land Investment

      1.51 Acres, Prime Development Site
      8th 14Th Ave, Altoona, IA 50009
      View Details
    • $666,294
      1.91 Acres

      Altoona Commercial Land - Prime Location

      1.91 Acres, High-Traffic Area, C-2 Zoning
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      View Details
    • $500,000
      Pending

      Altoona, Iowa Land For Sale

      22 acres of land available in Altoona, Iowa.
      NE 27Th Ave, Altoona, IA 50009
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,462 SF

      Retail Space Available For Sublease

      Retail space available for sublease through 10.31.27 with high visibility.
      408-412 8Th St SW, Altoona, IA 50009
      View Details
    • $25 SF/Yr
      3,951 SF

      Retail Space on 8th Street

      3,951 SF retail space available for lease.
      1005 SW 8Th St, Altoona, IA 50009
      View Details
    • $14 SF/Yr
      11,755 SF

      Altoona Retail/Office Opportunity

      Des Moines Submarket, 3,844 SF Available
      600 8Th St, Altoona, IA 50009
      View Details
    • $14 SF/Yr
      3,769 SF

      Retail/Office Space Available for Lease

      3,769 SF retail/office space with high visibility.
      600-616 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing
      7,000 SF

      Altoona Retail Space: 7,000 SF

      Prime Altoona storefront, 7,000 sq ft available.
      501 8Th St, Altoona, IA 50009
      View Details
    • $18 SF/Yr
      4,155 SF

      Retail Space on 8th Street

      Retail spaces with great visibility and flexible configurations available for lease.
      1003 8Th St SW, Altoona, IA 50009
      View Details
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    Altoona, IA 50009
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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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