Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    405 Truman Rd Pella, IA 50219-2108

    • Warehouses
    • 25,000 SF
    • 3.09 lot acres
    OFF-MARKET
    Value Estimation
    $1,175,000
    Last Sale
    Jul 06, 2020
    $1,000,000
    Location Intelligence
    Property ID
    US25-1149041
    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

    • SmarterHome.ai - Compare Local Internet Deals / Cable Company / Home Automation Company
    • Bruxvoort's Decorating Center / Furniture Store
    • Bruxvoort's Home Center / Furniture Store / Appliance Store

    Property Details for 405 Truman Rd

    Year built
    2014
    Lot size
    3.09 lot acres
    Property size
    25,000 SF
    Property type
    Warehouses
    APN
    1725803001
    APU
    1725803001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,025,000
      6.5%
      $1,095,000
      7%
      $1,150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,065,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $975,000
      Retail
      $960,000
      Mixed-Use
      $1,225,000
      Hospitality
      $1,165,000
      Educational
      $1,130,000
      Residential Income
      $1,235,000
      Energy
      $1,225,000
      Income-Based Land
      $955,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Pella
    County
    Marion
    State
    Iowa
    Longitude
    -92.9018
    Latitude
    41.3942
    CBSA code
    37800
    CBSA name
    PELLA, IA MICROPOLITAN 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
    $63,752
    $184,050
    $2,098,510
    $2,282,560
    -
    $184,050
    $2,098,510
    $2,282,560

    Comparable in this City

    • Value Estimation
      $155,000
      8,145 SF

      2004 Hempstead Dr Ste A

      MINI-WAREHOUSE, STORAGE • 8,145 SF
      2004 Hempstead Dr Ste A, Pella, IA 50219-7982
      View Details
    • Value Estimation by Request
      7,344 SF

      300 14th St

      WAREHOUSE, STORAGE • 7,344 SF
      300 14th St, Pella, IA 50219-2232
      View Details
    • Value Estimation
      $360,000
      3,600 SF

      1314 Washington St

      WAREHOUSE, STORAGE • 3,600 SF
      1314 Washington St, Pella, IA 50219-1512
      View Details
    • Value Estimation
      $445,000
      7,408 SF

      221 Ss St

      WAREHOUSE, STORAGE • 7,408 SF
      221 Ss St, Pella, IA 50219-2127
      View Details
    • Value Estimation
      $360,000
      8,800 SF

      421 14th St

      WAREHOUSE, STORAGE • 8,800 SF
      421 14th St, Pella, IA 50219
      View Details
    • Value Estimation
      $375,000
      7,200 SF

      727 210th Ave

      WAREHOUSE, STORAGE • 7,200 SF
      727 210th Ave, Pella, IA 50219-7503
      View Details

    Similar Nearby for Sale

    • $1,390,000

      Pella Industrial Land Investment Opportunity

      Two Warehouse Sites, Prime Location
      0 309 & 322 St, Pella, IA 50219
      View Details
    • Contact for pricing
      87,120 SF

      Pella IA Industrial Park Investment

      Prime Iowa Distribution/Flex Space
      0 Ia-92, Pella, IA 50219
      View Details
    • $1,000,000
      Pending

      Versatile Commercial Building in Pella

      38,693 SF building suitable for office, warehouse, storage, shop.
      309 & 322 St South, Pella, IA 50219
      View Details
    • $1,250,000
      2.70 Acres

      Pella Commercial Property: Prime Location

      Versatile building, ample space, great location.
      309 & 322 St, Pella, IA 50219
      View Details
    • $1,250,000

      Pella Commercial Building - Huge Potential

      Versatile Commercial Space, Ample Parking, Prime Location
      309 & 322 St, Pella, IA 50219
      View Details
    • $1,700,000
      25,140 SF

      Pella Industrial Campus: Prime Location

      Versatile Commercial Property, 25,000+ sq ft
      2090 Idaho Dr, Pella, IA 50219
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Outlot for Lease

      1.05 acre commercial outlot suitable for various businesses.
      Washington St, Pella, IA 50219
      View Details
    • Contact for pricing
      1,819 SF

      Retail Space Near National Brands

      Retail space with high visibility and ample parking available for lease.
      1808 Washington St, Pella, IA 50219
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    405 Truman Rd
    Pella, IA 50219-2108
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.