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Property profile & analytics
OFF-MARKET Estimated value $690,000
Commercial real estate

320 8th SE St Altoona, IA 50009-1958

3,750 SF 0.52 ac lot Built 1989
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US25-0419113
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1989
Construction STEEL FRAME
Total area 3,750 SF
Lot 0.52 ac (22,476 SF)
Zoning code C-2
APN 171/00360-802-002
UPID US25-0419113
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$710k
CAP Approach CAP
$570k
Comparable Approach Comparable
$482k
Blend (final) Blend
$690k
Owner & transaction history
Lil P Bub LLC · 2 yrs held
Lil P Bub LLC
since 2023
Last sale
$700,000
4 recorded transactions
2023
$700,000
2015
Price N/A
2012
$290,000
2007
$348,250
Zoning & alternative use
C-2 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

8. C-2 General Commercial District. 9. C-3 Planned Commercial District. 10. C-4 Village Commercial District. 11. C-5 Office Park. 12. C-6 Commercial Entertainment or Recreational District. 13. C-7 Regional Commercial District. 14. M-1 Limited Industrial District. 15. M-1A Commercial And Limited Light Industrial Business Park. 16. M-2 Heavy Industrial Distric…

Zone name General Commercial
General category COMMERCIAL
Zone area 538.92 ac
Source Development Standards 2019
Top alternative use upside
Auto repair, garage $580,000 +42.0%
Medical building $565,000 +38.0%
Retail stores $435,000 +6.7%
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