Technical
Financial
Distress signals
Property profile

405 Main St Marshalltown, IA 50158

OFF-MARKET
Other specialty properties
Property ID
US25-1310411
10,710 SF 0.74 ac lot Built 1900
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A multi-building healthcare facility totaling approximately 306,655 square feet sits on a 7-acre parcel in the downtown core of Marshalltown, Iowa, within the Downtown Urban Renewal District. The interconnected buildings previously operated as a full-service acute care hospital and medical office until Spring 2022. The property is configured to support redevelopment into a mixed-use campus concept, which may include combinations of multifamily housing (including potential market-rate and/or low-income units), senior housing, assisted living, retail and restaurant uses, and medical and/or office space. The site is located within an urban renewal area and is associated with potential redevelopment incentives such as tax abatement and TIF rebates, subject to applicable program requirements.

Property profile

Verified
Property type Other specialty properties
Use group FUNERAL HOME
Year built 1900
Construction FRAME
Total area 10,710 SF
Lot 0.74 ac (32,400 SF)
Zoning code R-3
APN 8418-26-361-013
UPID US25-1310411

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

405 Main St Marshalltown, IA 50158-5758
Marshalltown metro Census 950700 MARSHALLTOWN, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2021
Last sale
$233,000
4 recorded transactions
2022
Price N/A
2021
$233,000
2017
Price N/A
2010
Price N/A

Zoning & alternative use

R-3 · Marshalltown, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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