Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    602 State St Algona, IA 50511-2838

    • Grocery and convenience stores
    • 3,128 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Location Intelligence
    Property ID
    US25-0717223
    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

    • Grocery and convenience stores

    Property Details for 602 State St

    Year built
    1994
    Lot size
    0.40 lot acres
    Property size
    3,128 SF
    Property type
    Grocery and convenience stores
    APN
    22-02-485-020
    APU
    2202485020

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Algona
    County
    Kossuth
    State
    Iowa
    Longitude
    -94.2302
    Latitude
    43.0686

    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
    2021
    $7,416
    $50,000
    $375,839
    $425,839
    -
    $50,000
    $375,839
    $425,839

    Comparable in this City

    • Value Estimation
      $220,000
      2,440 SF

      107 Hwy 18th W

      CONVENIENCE STORE • 2,440 SF
      107 Hwy 18th W, Algona, IA 50511-7221
      View Details
    • Value Estimation
      $315,000
      2,660 SF

      1414 Main St

      CONVENIENCE STORE • 2,660 SF
      1414 Main St, Algona, IA 50511-1824
      View Details
    • Value Estimation by Request
      24,371 SF

      1905 Hwy 18th E

      GROCERY, SUPERMARKET • 24,371 SF
      1905 Hwy 18th E, Algona, IA 50511-1274
      View Details
    • Value Estimation by Request
      10,820 SF

      211 Hwy 18th E

      CONVENIENCE STORE • 10,820 SF
      211 Hwy 18th E, Algona, IA 50511-1103
      View Details
    • Value Estimation by Request
      3,934 SF

      703 Phillips St

      CONVENIENCE STORE • 3,934 SF
      703 Phillips St, Algona, IA 50511-3645
      View Details
    • Value Estimation
      $195,000
      1,960 SF

      220 Phillips St

      CONVENIENCE STORE • 1,960 SF
      220 Phillips St, Algona, IA 50511-2824
      View Details

    Similar Nearby for Sale

    • $105,000
      0.07 Acres

      Prime Commercial Property in Algona

      High-visibility commercial property with flexible layouts in Algona, Iowa.
      4 E Call St, Algona, IA 50511
      View Details
    • $165,000

      Downtown Storefront in Algona, Iowa

      Well-known downtown storefront with classic appeal and business opportunities.
      110 E State St, Algona, IA 50511
      View Details
    • $895,000
      1.19 Acres

      Highway Frontage Retail Investment Property

      Commercial property with multiple leased storefronts and ample parking.
      1914 Hwy E, Algona, IA 50511
      View Details
    • $300,000

      Established Business in Algona, Iowa

      Turn-key business opportunity with consistent sales in a well-known location.
      20 E Nebraska St, Algona, IA 50511
      View Details
    • $289,900

      Updated Corner Building in Algona

      Updated building suitable for retail or office use in Algona.
      120 E State St, Algona, IA 50511
      View Details
    • $625,000

      Algona Commercial Building For Sale

      Well-maintained commercial building with income potential in Algona, Iowa.
      219 E State St, Algona, IA 50511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,636 SF

      Former Restaurant with Drive-Thru

      2,636 SF former restaurant space available for sublease.
      1513 Highway 169 N, Algona, IA 50511
      View Details
    • $8 SF/Yr
      5,600 SF

      Algona Plaza Retail Space Available

      Prime Kossuth County retail space, multiple units.
      1500 Us-169, Algona, IA 50511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    602 State St
    Algona, IA 50511-2838
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.