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    Property profile & analytics

    5851 Palace Rd Oelwein, IA 50662-9423

    • Retail space
    • 34,612 SF
    • 35.80 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2546929
    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

    • Corner Market & Greenhouse / Plant Nursery / Garden Center

    Property Details for 5851 Palace Rd

    Year built
    2004
    Lot size
    35.80 lot acres
    Property size
    34,612 SF
    Property type
    Retail space
    APN
    1809100006
    APU
    1809100006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oelwein
    County
    Fayette
    State
    Iowa
    Longitude
    -91.9158
    Latitude
    42.7128

    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
    2019
    $2,846
    $0.00
    $0.00
    $207,280
    -
    $0.00
    $0.00
    $207,280

    Comparable in this City

    • Value Estimation by Request
      4,050 SF

      534 Charles St

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      534 Charles St, Oelwein, IA 50662-1524
      View Details
    • Value Estimation by Request
      3,074 SF

      617 Frederick Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,074 SF
      617 Frederick Ave, Oelwein, IA 50662-2817
      View Details
    • Value Estimation by Request
      5,000 SF

      14 Frederick Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      14 Frederick Ave, Oelwein, IA 50662
      View Details
    • Value Estimation by Request
      5,000 SF

      12 Frederick Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      12 Frederick Ave, Oelwein, IA 50662-2305
      View Details
    • Value Estimation by Request
      2,160 SF

      9 1st SW St

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      9 1st SW St, Oelwein, IA 50662-2201
      View Details
    • Value Estimation by Request
      1,870 SF

      21 Charles St

      RETAIL STORES (PERSONAL SERVICES) • 1,870 SF
      21 Charles St, Oelwein, IA 50662-1738
      View Details

    Similar Nearby for Sale

    • $92,000
      1,150 SF

      Prime Oelwein Retail Investment

      High-Visibility Retail & Apartment
      3 Charles St, Oelwein, IA 50662
      View Details
    • $35,000
      1.52 Acres

      Oelwein Commercial Land Opportunity

      1.52-acre commercial lot in Oelwein, Iowa, for sale.
      S Frederick & Wildwood Ln, Oelwein, IA 50662
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    • $99,500
      0.11 Acres

      Versatile Commercial Building with Apartments

      Two-story commercial building with office space and apartment potential.
      14 E Charles St, Oelwein, IA 50662
      View Details
    • New
      Contact for pricing
      Pending

      Productive Farmland Auction in Oelwein

      170.29 acres of highly tillable Fayette County farmland for sale.
      Q Ave, Oelwein, IA 50662
      View Details
    • New
      Contact for pricing
      Pending

      Productive Farmland Auction in Oelwein

      170.29 acres of prime Fayette County farmland for sale.
      Q Ave, Oelwein, IA 50662
      View Details
    • $299,000

      Commercial Lot in Oelwein

      Commercial lot available for sale, lease, or build to suit.
      Rock Island Rd, Oelwein, IA 50662
      View Details
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    5851 Palace Rd
    Oelwein, IA 50662-9423
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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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