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Property profile & analytics
OFF-MARKET Estimated value $1,200,000
Apartment buildings

615 17th NW Ave Altoona, IA 50009-1155

19,840 SF 0.81 ac lot Built 1996
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0227038
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1996
Construction FRAME
Total area 19,840 SF
Lot 0.81 ac (35,369 SF)
Zoning code R-5
APN 171/00177-501-000
UPID US25-0227038
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.20M
Owner & transaction history
Nct 164 LLC · 7 yrs held
Nct 164 LLC
since 2019
5 recorded transactions
2019
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-5 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

6. R-5 Planned Unit Development. 7. C-1 Residential-Commercial District. 8. C-2 General Commercial District. 9. C-3 Planned Commercial District. 10. C-4 Village Commercial District. 11. C-5 Office Park. 12. C-6 Commercial Entertainment or Recreational District. 13. C-7 Regional Commercial District. 14. M-1 Limited Industrial District. 15. M-1A Commercial And…

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 2,021.97 ac
Source Development Standards 2019
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