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Property profile & analytics
FOR SALE
Office buildings
602 Iowa Ave W Marshalltown, IA 50158
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1276287
For Sale
1 / 3
Contact for pricing
602 Iowa Ave W, Marshalltown, IA 50158
View Listing →
Property summary
AI-generated overview
This exceptional 9.85-acre commercial and industrial land parcel, located at 602 Iowa Ave W in Marshalltown, Iowa (APN 8318-15-227-002), presents a unique investment opportunity. Zoned GC/GI, this property offers significant potential for various commercial and industrial uses. Its strategic location off Business Highway 30, with close proximity to Highway 30, ensures high visibility and convenient access. The site benefits from its proximity to established businesses, including Theisen's Home Farm & Auto, Menard's, ServPro of Marshalltown, Taco Bell, Hampton Inn, Culver's, Applebee's, and the Central Iowa Farm Store. This prime location offers excellent potential for businesses seeking high traffic exposure and convenient access to major transportation routes. The asking price for this exceptional property is $1,287,198. Don't miss this chance to acquire a substantial land parcel in a thriving Iowa community. The property's size and zoning make it suitable for a wide range of development projects. Serious inquiries are encouraged.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
960 SF
Lot
48 ac (2,090,880 SF)
Zoning code
A-1
APN
8318-12-351-004
UPID
US25-1276287
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rose Hill Memorial Gardens Cemetery
-
Bellino Fireworks Discount Store Party Supply Store
-
Theisen's Home Farm Auto of Marshalltown Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
A&l Property Group LLC · 4 yrs held
A&l Property Group LLC
since 2022
3 recorded transactions
Zoning & alternative use
A-1 · Marshalltown, IA
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Marshalltown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshalltown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$186,850
Assessed 2024
Previous assessed
$186,850
+0.0% YoY
Total market value
$186,850
Applied tax rate
640,228.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1980
Heating
NONE
Stories
1
Total area
960 SF
Lot
48 ac (2,090,880 SF)
Zoning code
A-1
APN
8318-12-351-004
UPID
US25-1276287
Jurisdiction
MARSHALL
Zoning & alternative use
A-1 · Marshalltown, IAZoning A-1 · permitted uses
A-1 · Marshalltown, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 156: ZONING
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
48 ac
Current owner
From public records · entity-resolved
A&l Property Group LLC
Entity
Mailing address
405 W MAIN ST, MARSHALLTOWN, IA 50158-5758
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
—
A & L Property Group LLC
—
Deed
related
$100,000 · Farmers Savings Bank
May 3, 2022
—
A&l Property Group LLC
Anderson Funeral Homes INC
Warranty Deed
—
Jun 25, 2021
—
Anderson Funeral Homes INC
—
Deed
related
$305,085 · Farmers Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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