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    Property profile & analytics

    402 2nd St Prairie City, IA 50228-8562

    • Office buildings
    • 4,000 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Location Intelligence
    Property ID
    US25-1453056
    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

    • Tri-County Insurance / Insurance Agency
    • Shomo-Madsen-Umble Insurance / Insurance Agency

    Property Details for 402 2nd St

    Year built
    1973
    Construction
    FRAME
    Lot size
    0.38 lot acres
    Property size
    4,000 SF
    Property type
    Office buildings
    APN
    1602212002
    APU
    1602212002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prairie City
    County
    Jasper
    State
    Iowa
    Longitude
    -93.2401
    Latitude
    41.5962
    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
    2023
    $2,938
    $20,460
    $149,210
    $169,670
    -
    $20,460
    $149,210
    $169,670

    Comparable in this City

    • Value Estimation by Request
      5,957 SF

      404 Commerce

      OFFICE BUILDING • 5,957 SF
      404 Commerce, Prairie City, IA 50228-8560
      View Details
    • Value Estimation
      $185,000
      3,607 SF

      301 Jefferson St

      OFFICE BUILDING • 3,607 SF
      301 Jefferson St, Prairie City, IA 50228-7706
      View Details
    • Value Estimation
      $345,000
      2,772 SF

      117 Main St

      OFFICE BUILDING • 2,772 SF
      117 Main St, Prairie City, IA 50228-7742
      View Details
    • Value Estimation
      $230,000
      2,000 SF

      101 St

      OFFICE BUILDING • 2,000 SF
      101 St, Prairie City, IA 50228-7801
      View Details
    • Value Estimation by Request
      2,870 SF

      100 Jefferson St

      MEDICAL BUILDING • 2,870 SF
      100 Jefferson St, Prairie City, IA 50228-7709
      View Details
    • Value Estimation
      $460,000
      7,047 SF

      404 2nd St

      MEDICAL BUILDING • 7,047 SF
      404 2nd St, Prairie City, IA 50228-8829
      View Details
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    402 2nd St
    Prairie City, IA 50228-8562
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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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