600 8Th St SW Altoona, IA 50009
Property profile & analytics
600 8Th St SW, Altoona, IA 50009
- Investment properties
- 12,080 SF
- 2.19 lot acres
Property ID
US25-0346446
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.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 600 8Th St SW
- Year built
- 1997
- Construction
- FRAME
- Lot size
- 2.19 lot acres
- Zone code
- C-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 171/00511-380-003
- APU
- 17100511380003
Description
This exceptional commercial property, located at 600 8th St SW in Altoona, Iowa (zip code 50009), offers a versatile 3,844 square foot space within a larger 11,755 square foot building. The property is zoned C-2 and features a prime location with direct frontage and high visibility on 8th Street SW, boasting a visible traffic count of 16,300 vehicles per day. Monument signage is available, enhancing marketing opportunities. Currently configured as a hair and beauty salon, the space includes an exclusive exterior deck on the west side of the building. The property offers ample parking with 30 spaces available for tenants and customers. This multi-tenant building provides a strong sense of community with established co-tenants including Re/Max Precision, H&R Block, and American Family Insurance. The asking base rent is $14.00 per square foot, with current CAM (Common Area Maintenance) charges of $5.90 per square foot. The property's APN is 171-00511380003, situated in Polk County within the Des Moines submarket. This is an excellent opportunity for businesses seeking a well-located, established space with high visibility and convenient amenities. The total building size is 11,755 square feet, with 3,844 square feet currently vacant and ready for immediate occupancy. This property is ideal for a variety of retail or office uses.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,995,000
- 6.5%
- $1,840,000
- 7%
- $1,710,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,303,000
- AI Estimate
- $1,833,000
Market price range: $767k - $2.07MMarket price range: $691k - $3.71M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,320,000 Current use
- RESTAURANT
- $2,080,000 Change: +57% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,875,000 Change: +42% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,830,000 Change: +38% Conversion: Moderate
- MEDICAL BUILDING
- $1,825,000 Change: +38% Conversion: Easy
- RETAIL STORES
- $1,410,000 Change: +7% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,190,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Altoona
- County
- Polk
- State
- Iowa
- Longitude
- -93.4718
- Latitude
- 41.6432
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN 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
2020
$41,526
$547,000
$963,000
$1,510,000
-
$547,000
$963,000
$1,510,000
