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    Property profile & analytics

    518 8th St Clear Lake, IA 50428-2577

    • Flex space
    • 3,600 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    Jan 08, 2024
    $350,000
    Location Intelligence
    Property ID
    US25-0657760
    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

    • Blush Salon and Spa / Hair Salon / Hair Extension Technician
    • Stephen Holbrook, PsyD / Psychologist
    • Generations Counseling / Mental Health Service
    • Amber Snow at Blush Salon & Spa / Hair Salon
    • Josi at Blush Salon & Spa / Eyelash Salon / Facial Spa

    Property Details for 518 8th St

    Year built
    2001
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    3,600 SF
    Property type
    Flex space
    APN
    61830101200
    APU
    61830101200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $405,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $380,000
      Mixed-Use
      $450,000
      Hospitality
      $350,000
      Educational
      $375,000
      Residential Income
      $405,000
      Energy
      $355,000
      Income-Based Land
      $325,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Clear Lake
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.3783
    Latitude
    43.1318
    CBSA code
    32380
    CBSA name
    MASON CITY, 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
    2022
    $5,820
    $20,250
    $299,860
    $320,110
    -
    $20,250
    $299,860
    $320,110

    Comparable in this City

    • Value Estimation by Request
      32,479 SF

      9184 265th St Ste B

      LIGHT INDUSTRIAL • 32,479 SF
      9184 265th St Ste B, Clear Lake, IA 50428-8507
      View Details
    • Value Estimation
      $135,000
      7,225 SF

      9184 265th St Ste D

      LIGHT INDUSTRIAL • 7,225 SF
      9184 265th St Ste D, Clear Lake, IA 50428-8507
      View Details
    • Value Estimation
      $240,000
      3,600 SF

      2302 3rd S Ave

      LIGHT INDUSTRIAL • 3,600 SF
      2302 3rd S Ave, Clear Lake, IA 50428
      View Details
    • Value Estimation
      $115,000
      1,000 SF

      4th 4th S Ave

      LIGHT INDUSTRIAL • 1,000 SF
      4th 4th S Ave, Clear Lake, IA 50428
      View Details
    • Value Estimation
      $240,000
      8,517 SF

      3107 Main Ave

      LIGHT INDUSTRIAL • 8,517 SF
      3107 Main Ave, Clear Lake, IA 50428-2424
      View Details
    • Value Estimation
      $300,000
      2,400 SF

      27 Plz Dr

      LIGHT INDUSTRIAL • 2,400 SF
      27 Plz Dr, Clear Lake, IA 50428-2032
      View Details

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    518 8th St
    Clear Lake, IA 50428-2577
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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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