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    Property profile & analytics

    507 Lk Ave Storm Lake, IA 50588-2350

    • Retail space
    • 2,800 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-0642182
    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 507 Lk Ave

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    2,800 SF
    Property type
    Retail space
    APN
    14-03-251-008
    APU
    1403251008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Storm Lake
    County
    Buena Vista
    State
    Iowa
    Longitude
    -95.2005
    Latitude
    42.6436
    CBSA code
    44740
    CBSA name
    STORM LAKE, 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
    2023
    $1,526
    $13,650
    $66,350
    $80,000
    -
    $13,650
    $66,350
    $80,000

    Comparable in this City

    • Value Estimation by Request
      3,960 SF

      211 6th St

      RETAIL STORES (PERSONAL SERVICES) • 3,960 SF
      211 6th St, Storm Lake, IA 50588-1819
      View Details
    • Value Estimation by Request
      8,641 SF

      1601 Milwaukee Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,641 SF
      1601 Milwaukee Ave, Storm Lake, IA 50588-2804
      View Details
    • Value Estimation
      $235,000
      1,500 SF

      621 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      621 Lk Ave, Storm Lake, IA 50588-1851
      View Details
    • Value Estimation
      $190,000
      1,875 SF

      720 Erie St

      RETAIL STORES (PERSONAL SERVICES) • 1,875 SF
      720 Erie St, Storm Lake, IA 50588-1810
      View Details
    • Value Estimation
      $185,000
      10,000 SF

      703 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      703 Lk Ave, Storm Lake, IA 50588-1853
      View Details
    • Value Estimation
      $220,000
      5,000 SF

      1509 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      1509 Lk Ave, Storm Lake, IA 50588-1911
      View Details

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    507 Lk Ave
    Storm Lake, IA 50588-2350
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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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