Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    509 8Th St SW Altoona, IA 50009

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    509 8Th St SW Altoona, IA 50009

    View on Map
    • Retail space
    • 177,240 SF
    For Sale
    View Listing →
    Retail Pad Site For Sale For Sale
    Contact for pricing
    0.70 Acres

    Retail Pad Site For Sale

    Retail pad site available next to new mixed-use development.

    509 8th St SW, Altoona, IA
    View Listing
    Property ID
    US25-0161788
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 509 8Th St SW

    Year built
    2025
    Property size
    177,240 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional retail property, located at 509 8th St SW in Altoona, Iowa, offers a significant opportunity for businesses seeking a prominent location. The building, completed in 2025, boasts a total of 177,240 square feet and currently features one large suite. A substantial 7,500 square feet of retail space is immediately available for lease, perfect for a variety of commercial uses. The property sits on a generous 4.19-acre lot, providing ample space and visibility. Its street retail classification ensures high foot traffic and excellent exposure. The building's modern construction and spacious layout offer a versatile environment for businesses looking to establish or expand their operations. Situated in Polk County, this property benefits from a thriving community and convenient access to major transportation routes. The address is 509 8th St SW, Altoona, IA 50009. This is a unique opportunity to secure a prime retail location in a rapidly growing area. The property's size and location make it ideal for a variety of businesses seeking a high-impact presence. Contact us today to learn more about leasing this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.470476
    Latitude
    41.6445108

    Comparable in this City

    • Contact for pricing
      4,155 SF

      Retail Space on 8th Street

      Retail spaces with great visibility and flexible configurations available for lease.
      1003 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing
      1,450 SF

      Altoona Retail Space Available

      Retail space in Altoona's 8th Street SW retail corridor.
      3160 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing
      3,769 SF

      Retail/Office Space Available for Lease

      3,769 SF retail/office space with high visibility.
      600-616 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing
      1,295 SF

      Retail Space Available for Lease

      Retail space for lease in Altoona, Iowa with 1,295 SF.
      3053 8Th St W, Altoona, IA 50009
      View Details
    • Contact for pricing

      Altoona Office/Retail Space Available

      3,769 SF office/retail space with frontage and signage.
      600 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing

      Prime Retail or Office Space

      Retail or office space in a dynamic local environment.
      1003 8Th Street Ct Southwest, Altoona, IA 50009
      View Details

    Similar Nearby for Sale

    • $1,400,000
      6,320 SF

      Altoona Retail Space For Sale

      Retail building with high visibility and easy access.
      307-321 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing
      3,951 SF

      Retail Space on 8th Street

      3,951 SF retail space available for lease.
      1005 SW 8Th St, Altoona, IA 50009
      View Details
    • $2,395,000
      11,077 SF

      Retail Investment Property in Altoona

      Two-tenant retail investment property anchored by Dollar Tree.
      709 34Th Ave SW, Altoona, IA 50009
      View Details
    • Contact for pricing
      4,760 SF

      Altoona Restaurant with Redevelopment Potential

      Restaurant with redevelopment potential, excellent visibility and access.
      3131 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing

      Prime Commercial Development Site

      6.73-acre site near major attractions, excellent connectivity.
      1845 Adventureland Dr, Altoona, IA 50009
      View Details
    • Contact for pricing

      Altoona Commercial Lot For Sale

      1.14 acre C-2 General Commercial parcel in Altoona, Iowa.
      220 W Skinner Pkwy, Altoona, IA 50009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,769 SF

      Retail/Office Space Available for Lease

      3,769 SF retail/office space with high visibility.
      600-616 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing
      4,155 SF

      Retail Space on 8th Street

      Retail spaces with great visibility and flexible configurations available for lease.
      1003 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing
      1,450 SF

      Altoona Retail Space Available

      Retail space in Altoona's 8th Street SW retail corridor.
      3160 8Th St SW, Altoona, IA 50009
      View Details
    • Contact for pricing

      Industrial Space in Altoona, Iowa

      328,147 SF industrial space available for lease in Altoona.
      2075 25Th St NW, Altoona, IA 50009
      View Details
    • Contact for pricing

      Prime Retail or Office Space

      Retail or office space in a dynamic local environment.
      1003 8Th Street Ct Southwest, Altoona, IA 50009
      View Details
    • Contact for pricing
      1,295 SF

      Retail Space Available for Lease

      Retail space for lease in Altoona, Iowa with 1,295 SF.
      3053 8Th St W, Altoona, IA 50009
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    509 8Th St SW
    Altoona, IA 50009
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!