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    Property profile & analytics

    505 1st N Ave Slater, IA 50244-9503

    • Flex space
    • 7,360 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $465,000
    Last Sale
    Nov 15, 2023
    Location Intelligence
    Property ID
    US25-0654909
    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

    • Diamond Development LLC / Real Estate Developer

    Property Details for 505 1st N Ave

    Year built
    2005
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    7,360 SF
    Property type
    Flex space
    APN
    13-30-406-220
    APU
    1330406220

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Slater
    County
    Story
    State
    Iowa
    Longitude
    -93.6844
    Latitude
    41.8842
    CBSA code
    11180
    CBSA name
    AMES, 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
    $21,166
    $56,200
    $606,600
    $662,800
    -
    $56,200
    $606,600
    $662,800

    Comparable in this City

    • Value Estimation
      $315,000
      6,734 SF

      1200 330th St

      LIGHT INDUSTRIAL • 6,734 SF
      1200 330th St, Slater, IA 50244
      View Details
    • Value Estimation
      $215,000
      2,115 SF

      205 6th Ave

      LIGHT INDUSTRIAL • 2,115 SF
      205 6th Ave, Slater, IA 50244
      View Details
    • Value Estimation
      $440,000
      990 SF

      Slater, IA 50244

      LIGHT INDUSTRIAL • 990 SF
      Slater, IA 50244
      View Details
    • Value Estimation
      $265,000
      4,800 SF

      900 6th Ave

      LIGHT INDUSTRIAL • 4,800 SF
      900 6th Ave, Slater, IA 50244
      View Details
    • Value Estimation
      $210,000
      2,400 SF

      703 1st Ave

      LIGHT INDUSTRIAL • 2,400 SF
      703 1st Ave, Slater, IA 50244
      View Details
    • Value Estimation by Request
      915 SF

      101 Greene St

      MANUFACTURING (LIGHT) • 915 SF
      101 Greene St, Slater, IA 50244-7715
      View Details
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    505 1st N Ave
    Slater, IA 50244-9503
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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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