Property profile

502 1st Ave Rock Rapids, IA 51246

OFF-MARKET
Medical Office Space
Property ID
US25-1619888
2,533 SF 0.55 ac lot Built 1963
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1963
Total area 2,533 SF
Lot 0.55 ac (23,800 SF)
Zoning code COMM-SMALL BUSINESS
APN 350000010900000
UPID US25-1619888

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
  • Physician

Location

502 1st Ave Rock Rapids, IA 51246-1014
Rock Rapids metro Census 950200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2021
Last sale
$200,000
1 recorded transaction
2021
$200,000

Zoning & alternative use

COMM-SMALL BUSINESS · Rock Rapids, 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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