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    Property profile & analytics

    501 Milwaukee St Madrid, IA 50156-1609

    • Warehouses
    • 3,600 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-0544172
    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

    • Warehouses

    Property Details for 501 Milwaukee St

    Year built
    2021
    Construction
    FRAME
    Lot size
    0.58 lot acres
    Property size
    3,600 SF
    Property type
    Warehouses
    APN
    88226361486062
    APU
    88226361486062

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madrid
    County
    Boone
    State
    Iowa
    Longitude
    -93.817
    Latitude
    41.8728
    CBSA code
    11180
    CBSA name
    AMES, 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
    $504
    $26,191
    $562
    $26,753
    -
    $0.00
    $0.00
    $234,049

    Comparable in this City

    • Value Estimation by Request
      1,188 SF

      126 3rd St

      WAREHOUSE, STORAGE • 1,188 SF
      126 3rd St, Madrid, IA 50156-1308
      View Details
    • Value Estimation by Request
      2,640 SF

      315 Cedar St

      WAREHOUSE, STORAGE • 2,640 SF
      315 Cedar St, Madrid, IA 50156
      View Details
    • Value Estimation by Request
      1,920 SF

      114 State St

      WAREHOUSE, STORAGE • 1,920 SF
      114 State St, Madrid, IA 50156-1318
      View Details
    • Value Estimation by Request
      10,392 SF

      317 2nd St

      WAREHOUSE, STORAGE • 10,392 SF
      317 2nd St, Madrid, IA 50156-1213
      View Details
    • Value Estimation by Request
      2,400 SF

      305 Madison St

      WAREHOUSE, STORAGE • 2,400 SF
      305 Madison St, Madrid, IA 50156-1462
      View Details
    • Value Estimation
      $350,000
      4,400 SF

      206 2nd St

      WAREHOUSE, STORAGE • 4,400 SF
      206 2nd St, Madrid, IA 50156-1212
      View Details

    Similar Nearby for Sale

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      Commercial Land in Growing Madrid

      Half-acre commercial lot at a busy intersection in Madrid, Iowa.
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      Farmland and Recreational Land in Iowa

      106.84 acres of Boone County farmland and recreational ground.
      290Th St, Madrid, IA 50156
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    • New
      $1,150,170
      Pending

      Farmland and Recreational Land in Iowa

      106.84 acres of farm and recreational land in Boone County.
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    • $725,000
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      Thriving Bowling Alley with Restaurant

      Turnkey bowling alley, restaurant, and bar in Madrid, Iowa.
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    501 Milwaukee St
    Madrid, IA 50156-1609
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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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