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Financial
Distress signals
Property profile

550 36Th Ave Southwest Altoona, IA 50009

FOR LEASE
Strip malls
Property ID
US25-0687750
34,165 SF 6.15 ac lot Built 2000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Pine Tree Plaza, a thriving community center in Altoona, Iowa, offers exceptional retail space for lease. This 42,015 square foot center sits on a 5.83-acre lot, providing ample space and visibility. Its strategic location directly west of a Wal-Mart Supercenter ensures high traffic counts, with 19,920 vehicles passing daily on 8th Street. The center boasts a strong tenant mix, including established businesses such as Maurices, ReMax, Sally Beauty Supply, Bone-A-Patreat, Sugar Shack, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$164k
Tax billed · 2020
Assessed value · 2023$5.82M
Assessed land$2.03M
Assessed improvement$3.79M
Effective rate2.82%

Value estimate

· Oct 2026
$3.09M
$2.78M – $3.39M
Submarket $/SF estimate$4.06M
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 92,230.00% cap applied$18k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$47 – $152

Cap rate analysis

How does the asset earn?
92,230.00%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
The C-2 District is designed to provide space for the general retail and professional office uses and efficient development of major reta...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.2
HVAC Service11.2
Dental Office10.9

Location

550 36Th Ave Southwest Altoona, IA 50009
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3053 8th SW St, Altoona, IA 50009-1049 $2,700,000 Dec 2025 No data
412 8th SW, Altoona, IA 50009-1620 $1,442,500 Aug 2021 9,700 SF
116 1st N, Altoona, IA 50009-1425 $615,500 Dec 2020 6,600 SF
709 34th SW, Altoona, IA 50009-2676 $2,475,000 Nov 2020 11,070 SF
3219 8th SW, Altoona, IA 50009-1035 $3,460,000 May 2019 7,632 SF
1005 8th SW, Altoona, IA 50009-2310 $500,000 Feb 2019 6,421 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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