Technical
Financial
Distress signals
Property profile

600 3rd SW St Altoona, IA 50009

OFF-MARKET
Warehouses
Property ID
US25-0049907
22,200 SF 5.18 ac lot Built 1967
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1967
Construction FRAME
Total area 22,200 SF
Lot 5.18 ac (225,424 SF)
APN 171/00115-000-001
UPID US25-0049907

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

600 3rd SW St Altoona, IA 50009
Altoona metro Census 10703 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.97M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.91M
Blend (final) Blend
$1.73M

Owner & transaction history

since 2025
Last sale
$2.3M
2 recorded transactions
2025
$2.3M
2022
$230,000

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $3.4M +77.5%
Medical building $3.4M +76.9%
Retail stores $2.6M +36.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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