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    Property profile & analytics

    318 Stevens St Iowa Falls, IA 50126-2213

    • Retail space
    • 2,640 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2240308
    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

    • Retail space

    Property Details for 318 Stevens St

    Year built
    1910
    Lot size
    0.05 lot acres
    Property size
    2,640 SF
    Property type
    Retail space
    APN
    892113432003
    APU
    892113432003

    Description

    This exceptional investment opportunity presents a charming two-story, four-unit apartment building situated at 318 Stevens St, Iowa Falls, IA 50126. Built in 1910, this property offers a blend of historic character and modern updates, making it an ideal addition to any portfolio. The main floor boasts 1320 square feet of retail space, complete with an accessible bathroom, newer flooring, and fresh paint. This space is currently occupied and generating income. Adjacent to the retail space is a 720-square-foot apartment, also occupied, with convenient open parking. Upstairs, two additional one-bedroom apartments, each measuring 708 square feet, provide further rental income streams. These upper units are currently occupied. The main floor is equipped with radiant heat and central air conditioning for optimal comfort and efficiency. The asking price for this turnkey investment property is $163,000. This property is located in Hardin County and offers a unique opportunity to combine business ownership with a strong rental income stream. The building consists of one structure with two stories. This is a multifamily property with retail space, offering a diverse income stream.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Iowa Falls
    County
    Hardin
    State
    Iowa
    Longitude
    -93.2639
    Latitude
    42.5202

    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
    $1,318
    $3,770
    $65,660
    $69,430
    -
    $3,770
    $65,660
    $69,430

    Comparable in this City

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      2,640 SF

      704 Washington Ave

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      204 College Ave

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      840 Oak St

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    • Value Estimation
      $175,000
      7,040 SF

      512 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,040 SF
      512 Washington Ave, Iowa Falls, IA 50126-2241
      View Details

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    318 Stevens St
    Iowa Falls, IA 50126-2213
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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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