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    Property profile & analytics

    501 Busti Ave Elma, IA 50628-8016

    • Retail space
    • 4,080 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 06, 2023
    Location Intelligence
    Property ID
    US25-1844770
    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

    • Retail space

    Property Details for 501 Busti Ave

    Year built
    1900
    Lot size
    0.16 lot acres
    Property size
    4,080 SF
    Property type
    Retail space
    APN
    300012001010000
    APU
    300012001010000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elma
    County
    Howard
    State
    Iowa
    Longitude
    -92.4363
    Latitude
    43.2475

    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
    2022
    $842
    $6,870
    $32,840
    $39,710
    -
    $6,870
    $32,840
    $39,710

    Comparable in this City

    • Value Estimation by Request
      1,580 SF

      321 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,580 SF
      321 Main St, Elma, IA 50628
      View Details
    • Value Estimation by Request
      1,228 SF

      716 Busti Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,228 SF
      716 Busti Ave, Elma, IA 50628-8185
      View Details
    • Value Estimation by Request
      8,044 SF

      402 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,044 SF
      402 Main St, Elma, IA 50628
      View Details
    • Value Estimation by Request
      1,754 SF

      322 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,754 SF
      322 Main St, Elma, IA 50628
      View Details
    • Value Estimation
      $220,000
      1,938 SF

      511 Busti Ave

      CONVENIENCE STORE • 1,938 SF
      511 Busti Ave, Elma, IA 50628-8016
      View Details
    • Value Estimation
      $380,000
      5,337 SF

      328 Main St

      FINANCIAL BUILDING • 5,337 SF
      328 Main St, Elma, IA 50628-8394
      View Details
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    501 Busti Ave
    Elma, IA 50628-8016
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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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