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Property profile & analytics
OFF-MARKET Estimated value $810,000
Strip malls

3219 8th SW St Altoona, IA 50009-1035

7,632 SF 0.86 ac lot Built 2014
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US25-0010220
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2014
Construction FRAME
Total area 7,632 SF
Lot 0.86 ac (37,536 SF)
Zoning code C-2
APN 171/00511-525-000
UPID US25-0010220
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$810k
Owner & transaction history
Professional Resource Dev INC · 12 yrs held
Professional Resource Dev INC
since 2014
6 recorded transactions
2014
$2.2M
2014
$1.2M
2013
$530,000
2004
$150,000
1969
Price N/A
1969
Price N/A
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
Restaurant $1.3M +74.6%
Auto repair, garage $1.2M +57.5%
Apartment house (5+ units) $1.2M +53.5%
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