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    Property profile & analytics

    504 Main St Danville, IA 52623-9670

    • Residential income homes
    • 2,352 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US25-0246731
    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 504 Main St

    Year built
    1967
    Construction
    FRAME
    Lot size
    0.68 lot acres
    Property size
    2,352 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    09-15-351-001
    APU
    915351001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $195,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $190,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $215,000
      Mixed-Use
      $180,000
      Hospitality
      $180,000
      Educational
      $190,000
      Residential Income
      $160,000
      Energy
      $155,000
      Income-Based Land
      $215,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.3143
    Latitude
    40.8595
    CBSA code
    15460
    CBSA name
    BURLINGTON, IA-IL 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
    2021
    $3,726
    $22,200
    $206,100
    $228,300
    -
    $22,200
    $206,100
    $228,300

    Comparable in this City

    • Value Estimation
      $195,000
      1,020 SF

      308 3rd Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,020 SF
      308 3rd Ave, Danville, IA 52623
      View Details
    • Value Estimation by Request
      3,744 SF

      104 Division St

      APARTMENT HOUSE (5+ UNITS) • 3,744 SF
      104 Division St, Danville, IA 52623-9671
      View Details
    • Value Estimation by Request
      0.44 Acres

      303 Seymour St

      MOBILE HOME PARK, TRAILER PARK • 0.44 Acres
      303 Seymour St, Danville, IA 52623-9638
      View Details
    • Value Estimation
      $295,000
      1.58 Acres

      400 3rd Ave

      MOBILE HOME PARK, TRAILER PARK • 1.58 Acres
      400 3rd Ave, Danville, IA 52623-9604
      View Details
    • Value Estimation by Request
      3.20 Acres

      Danville, IA 52623

      VACANT COMMERCIAL LAND • 3.20 Acres
      Danville, IA 52623
      View Details
    • Value Estimation by Request
      0.54 Acres

      Danville, IA 52623

      VACANT COMMERCIAL LAND • 0.54 Acres
      Danville, IA 52623
      View Details

    Similar Nearby for Sale

    • $275,000
      0.07 Acres

      Danville Restaurant - Turnkey Opportunity

      Fully equipped restaurant, ready for immediate operation.
      101 Old Highway 34, Danville, IA 52623
      View Details
    • $175,000
      0.07 Acres

      Turnkey Restaurant Opportunity in Danville

      Remodeled restaurant with dine-in, breakfast bar, and outdoor seating.
      101 E Old Highway 34 E, Danville, IA 52623
      View Details
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    504 Main St
    Danville, IA 52623-9670
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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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