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    Property profile & analytics

    502 4th St Farmington, IA 52626-9604

    • Residential income homes
    • 5.20 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US25-1408164
    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

    • Residential income homes

    Property Details for 502 4th St

    Year built
    1956
    Lot size
    5.20 lot acres
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    721235426100
    APU
    721235426100

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Van Buren
    State
    Iowa
    Longitude
    -91.7416
    Latitude
    40.6452

    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
    $3,480
    $20,900
    $204,190
    $225,090
    -
    $20,900
    $204,190
    $225,090

    Comparable in this City

    • Value Estimation
      $290,000
      0.40 Acres

      301 4th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.40 Acres
      301 4th St, Farmington, IA 52626-9233
      View Details
    • Value Estimation
      $380,000
      1.72 Acres

      804 5th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1.72 Acres
      804 5th St, Farmington, IA 52626-9230
      View Details
    • Value Estimation
      $345,000
      0.55 Acres

      201 3rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.55 Acres
      201 3rd St, Farmington, IA 52626-9592
      View Details
    • Value Estimation by Request
      1.01 Acres

      7th St

      MOBILE HOME PARK, TRAILER PARK • 1.01 Acres
      7th St, Farmington, IA 52626
      View Details
    • Value Estimation by Request
      0.24 Acres

      Farmington, IA 52626

      INDUSTRIAL - VACANT LAND • 0.24 Acres
      Farmington, IA 52626
      View Details
    • Value Estimation by Request
      8.50 Acres

      Farmington, IA 52626

      VACANT COMMERCIAL LAND • 8.50 Acres
      Farmington, IA 52626
      View Details
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    502 4th St
    Farmington, IA 52626-9604
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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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