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    Property profile & analytics

    508 Main St Lake Mills, IA 50450-1402

    • Office buildings
    • 21,578 SF
    • 2.71 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US25-0661838
    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

    • Larson Contracting Central LLC / General Contractor

    Property Details for 508 Main St

    Year built
    1920
    Lot size
    2.71 lot acres
    Property size
    21,578 SF
    Property type
    Office buildings
    APN
    803428005
    APU
    803428005

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mills
    County
    Winnebago
    State
    Iowa
    Longitude
    -93.5398
    Latitude
    43.42

    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
    $13,436
    $55,650
    $430,430
    $486,080
    -
    $55,650
    $430,430
    $486,080

    Comparable in this City

    • Value Estimation by Request
      360 SF

      601 Main St

      OFFICE BUILDING • 360 SF
      601 Main St, Lake Mills, IA 50450
      View Details
    • Value Estimation
      $140,000
      884 SF

      102 2nd W Ave

      PROFESSIONAL BUILDING • 884 SF
      102 2nd W Ave, Lake Mills, IA 50450-1205
      View Details
    • Value Estimation
      $330,000
      1,620 SF

      301 Main St

      PROFESSIONAL BUILDING • 1,620 SF
      301 Main St, Lake Mills, IA 50450-1421
      View Details
    • Value Estimation by Request
      1,492 SF

      314 Ml St

      OFFICE BUILDING • 1,492 SF
      314 Ml St, Lake Mills, IA 50450-1221
      View Details
    • Value Estimation
      $335,000
      3,089 SF

      107 Washington St

      OFFICE BUILDING • 3,089 SF
      107 Washington St, Lake Mills, IA 50450-1310
      View Details
    • Value Estimation by Request
      1,440 SF

      204 Ml St

      OFFICE BUILDING • 1,440 SF
      204 Ml St, Lake Mills, IA 50450-1316
      View Details

    Similar Nearby for Sale

    • $60,000
      0.05 Acres

      Versatile Commercial Building in Lake Mills

      Adaptable brick building in downtown Lake Mills, Iowa.
      304 W Main St, Lake Mills, IA 50450
      View Details
    • Contact for pricing
      0.21 Acres

      Lake Mills Commercial Land

      Commercial land available near downtown Lake Mills, Iowa.
      202 N Western St, Lake Mills, IA 50450
      View Details
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    508 Main St
    Lake Mills, IA 50450-1402
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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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