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Property profile & analytics
OFF-MARKET Estimated value $850,000
Apartment buildings

401 8th SW St Altoona, IA 50009-1637

4,864 SF 1.04 ac lot Built 1967
Entity Owned 5-yr Hold
Property ID
US25-2568586
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1967
Construction FRAME
Total area 4,864 SF
Lot 1.04 ac (45,172 SF)
Zoning code C-1
APN 171/00331-004-000
UPID US25-2568586
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
$845k
CAP Approach CAP
$580k
Comparable Approach Comparable
$858k
Blend (final) Blend
$850k
Owner & transaction history
Isho LLC · 5 yrs held
Isho LLC
since 2021
Last sale
$860,000
6 recorded transactions
2021
$860,000
2018
$780,000
2017
$625,000
2014
$515,000
2011
$423,500
1969
Price N/A
Zoning & alternative use
C-1 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

7. C-1 Residential-Commercial District. 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 Busines…

Zone name Transitional Commercial
General category COMMERCIAL
Zone area 40.80 ac
Source Development Standards 2019
Top alternative use upside
Auto repair, garage $755,000 +2.6%
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