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    Property profile & analytics

    502 Phillips St Algona, IA 50511-3529

    • Drive through restaurants
    • 1,512 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Location Intelligence
    Property ID
    US25-0562416
    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

    • Drive through restaurants

    Property Details for 502 Phillips St

    Year built
    1960
    Lot size
    0.38 lot acres
    Property size
    1,512 SF
    Property type
    Drive through restaurants
    APN
    22-11-232-015
    APU
    2211232015

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Algona
    County
    Kossuth
    State
    Iowa
    Longitude
    -94.2273
    Latitude
    43.0646

    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
    2021
    $2,742
    $47,500
    $144,373
    $191,873
    -
    $47,500
    $144,373
    $191,873

    Comparable in this City

    • Value Estimation by Request
      4,370 SF

      1321 Hwy 169th N

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,370 SF
      1321 Hwy 169th N, Algona, IA 50511-1006
      View Details
    • Value Estimation
      $205,000
      1,088 SF

      20 Nebraska St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,088 SF
      20 Nebraska St, Algona, IA 50511-2630
      View Details
    • Value Estimation by Request
      2,861 SF

      1513 Hwy 169th N

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,861 SF
      1513 Hwy 169th N, Algona, IA 50511-1003
      View Details
    • Value Estimation by Request
      5,280 SF

      414 State St

      NIGHTCLUB (COCKTAIL LOUNGE) • 5,280 SF
      414 State St, Algona, IA 50511-2740
      View Details
    • Value Estimation by Request
      3,064 SF

      12 State St

      RESTAURANT • 3,064 SF
      12 State St, Algona, IA 50511-2640
      View Details
    • Value Estimation by Request
      2,104 SF

      1826 Hwy 18

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,104 SF
      1826 Hwy 18, Algona, IA 50511-7164
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      2,636 SF

      Former Restaurant with Drive-Thru

      2,636 SF former restaurant space available for sublease.
      1513 Highway 169 N, Algona, IA 50511
      View Details
    • $8 SF/Yr
      5,600 SF

      Algona Plaza Retail Space Available

      Prime Kossuth County retail space, multiple units.
      1500 Us-169, Algona, IA 50511
      View Details
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    502 Phillips St
    Algona, IA 50511-3529
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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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