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    Property profile & analytics

    503 1st St Carroll, IA 51401-2911

    • Investment properties
    • 9,865 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US25-2357677
    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

    • Investment properties

    Property Details for 503 1st St

    Year built
    1920
    Lot size
    0.40 lot acres
    Property size
    9,865 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    625276004
    APU
    625276004

    Description

    This exceptional 9,865 square foot commercial property located at 503 E 1st Street in Carroll, Iowa, presents a unique investment opportunity. Situated on a 0.41-acre lot, the building offers remarkable versatility and potential for a variety of uses. Currently configured with three apartments, one of which is recently renovated and immediately available for occupancy, the property also boasts a substantial attached 2,300 square foot garage. Beyond the apartments and garage, over 3,400 square feet of additional space is available for development, allowing for the creation of additional apartments, office spaces, or even a residential unit. The possibilities are extensive, allowing for a mixed-use approach or a focus on a single use type. A full basement provides ample storage or the potential for expansion. The asking price for this adaptable property is $375,000. Its central location in Carroll, Iowa, offers excellent access to local amenities and transportation routes. This property is ideal for investors seeking a high-return opportunity or entrepreneurs looking to establish a thriving business in a dynamic community. The existing apartments generate immediate income potential, while the expansive additional space allows for future growth and customization to meet specific needs. Contact us today to schedule a viewing and explore the full potential of this remarkable property.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carroll
    County
    Carroll
    State
    Iowa
    Longitude
    -94.8633
    Latitude
    42.0592
    CBSA code
    16140
    CBSA name
    CARROLL, IA MICROPOLITAN 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
    0
    $0.00
    $35,880
    $357,880
    $393,760
    -
    $35,880
    $357,880
    $393,760

    Comparable in this City

    • Value Estimation
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      818 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,400 SF
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      View Details
    • Value Estimation
      $200,000
      7,974 SF

      17989 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,974 SF
      17989 Main St, Carroll, IA 51401-8933
      View Details
    • Value Estimation by Request
      5,953 SF

      306-308 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,953 SF
      306-308 Main St, Carroll, IA 51401
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    • Value Estimation by Request
      1,800 SF

      226 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,800 SF
      226 8th St, Carroll, IA 51401-2322
      View Details
    • Value Estimation
      $340,000
      7,050 SF

      705 Carroll St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,050 SF
      705 Carroll St, Carroll, IA 51401-2315
      View Details
    • Value Estimation
      $290,000
      7,784 SF

      314 Clark St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,784 SF
      314 Clark St, Carroll, IA 51401-2975
      View Details

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    Similar Nearby for Lease

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    503 1st St
    Carroll, IA 51401-2911
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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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