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    Property profile & analytics

    5040 Lafayette Rd Elk Run Heights, IA 50707-1330

    • Retail space
    • 2,516 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-0204758
    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

    • Retail space

    Property Details for 5040 Lafayette Rd

    Year built
    1959
    Construction
    CONCRETE BLOCKS
    Lot size
    0.25 lot acres
    Property size
    2,516 SF
    Property type
    Retail space
    APN
    8812-05-226-004
    APU
    881205226004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elk Run Heights
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.2614
    Latitude
    42.4689
    CBSA code
    47940
    CBSA name
    WATERLOO-CEDAR FALLS, IA METROPOLITAN 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
    2023
    $513
    $16,370
    $19,440
    $35,810
    -
    $16,370
    $19,440
    $35,810

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      204 Mccoy Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      204 Mccoy Rd, Elk Run Heights, IA 50707-1338
      View Details
    • Value Estimation
      $100,000
      1,352 SF

      3510 Lafayette Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,352 SF
      3510 Lafayette Rd, Evansdale, IA 50707-1025
      View Details
    • Value Estimation
      $145,000
      6,000 SF

      3524 Lafayette Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      3524 Lafayette Rd, Evansdale, IA 50707-1025
      View Details
    • Value Estimation
      $260,000
      3,861 SF

      3514 Lafayette Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,861 SF
      3514 Lafayette Rd, Evansdale, IA 50707-1025
      View Details
    • Value Estimation
      $355,000
      1,500 SF

      3435 Lafayette Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      3435 Lafayette Rd, Evansdale, IA 50707-1022
      View Details
    • Value Estimation by Request
      1,792 SF

      3461 Lafayette Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,792 SF
      3461 Lafayette Rd, Evansdale, IA 50707-1022
      View Details

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      Desirable residential lot with city water and a well.
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    5040 Lafayette Rd
    Elk Run Heights, IA 50707-1330
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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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