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    Property profile & analytics

    506 2nd St Grundy Center, IA 50638-1914

    • Office buildings
    • 2,432 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2408721
    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

    • Two-Cylinder Club / Club

    Property Details for 506 2nd St

    Year built
    1954
    Construction
    CONCRETE BLOCKS
    Lot size
    0.19 lot acres
    Property size
    2,432 SF
    Property type
    Office buildings
    APN
    871607157003
    APU
    871607157003

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grundy Center
    County
    Grundy
    State
    Iowa
    Longitude
    -92.7643
    Latitude
    42.3628
    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
    $1,016
    $8,400
    $46,650
    $55,050
    -
    $8,400
    $46,650
    $55,050

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      602 8th St

      PROFESSIONAL BUILDING • 4,800 SF
      602 8th St, Grundy Center, IA 50638-1328
      View Details
    • Value Estimation by Request
      1,680 SF

      1006 M Ave

      OFFICE BUILDING • 1,680 SF
      1006 M Ave, Grundy Center, IA 50638-1122
      View Details
    • Value Estimation
      $470,000
      4,666 SF

      510 F Ave

      PROFESSIONAL BUILDING • 4,666 SF
      510 F Ave, Grundy Center, IA 50638-1650
      View Details
    • Value Estimation by Request
      13,368 SF

      102 G Ave

      OFFICE BUILDING • 13,368 SF
      102 G Ave, Grundy Center, IA 50638-2000
      View Details
    • Value Estimation
      $235,000
      12,258 SF

      606 8th St

      OFFICE BUILDING • 12,258 SF
      606 8th St, Grundy Center, IA 50638-1329
      View Details
    • Value Estimation
      $315,000
      4,400 SF

      630 G Ave

      PROFESSIONAL BUILDING • 4,400 SF
      630 G Ave, Grundy Center, IA 50638-1550
      View Details

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    506 2nd St
    Grundy Center, IA 50638-1914
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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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