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    Property profile & analytics

    622 Mechanic St Fayette, IA 52142-7626

    • Warehouses
    • 2,016 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $45,000
    Last Sale
    Oct 08, 2021
    $50,000
    Location Intelligence
    Property ID
    US25-2397689
    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

    • Warehouses

    Property Details for 622 Mechanic St

    Year built
    1955
    Construction
    FRAME
    Lot size
    0.77 lot acres
    Property size
    2,016 SF
    Property type
    Warehouses
    APN
    1128307001
    APU
    1128307001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $60,000

    • CAP approach

      CAP return
      Estimation
      6%
      $40,000
      6.5%
      $40,000
      7%
      $45,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $40,000
      Geo Method
      $45,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $40,000
      Retail
      $50,000
      Mixed-Use
      $50,000
      Hospitality
      $35,000
      Educational
      $45,000
      Residential Income
      $40,000
      Energy
      $45,000
      Income-Based Land
      $50,000
      Food Service
      $50,000

    Location Insight

    • Map
    • Local Demand
    City
    Fayette
    County
    Fayette
    State
    Iowa
    Longitude
    -91.8046
    Latitude
    42.837

    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
    2023
    $412
    $17,470
    $15,080
    $32,550
    -
    $17,470
    $15,080
    $32,550

    Comparable in this City

    • Value Estimation by Request
      1,612 SF

      103 Washington St

      WAREHOUSE, STORAGE • 1,612 SF
      103 Washington St, Fayette, IA 52142-9200
      View Details
    • Value Estimation
      $60,000
      3,968 SF

      105 Water St

      WAREHOUSE, STORAGE • 3,968 SF
      105 Water St, Fayette, IA 52142-7628
      View Details
    • Value Estimation
      $395,000
      11,200 SF

      909 Lincoln St

      WAREHOUSE, STORAGE • 11,200 SF
      909 Lincoln St, Fayette, IA 52142-7639
      View Details
    • Value Estimation
      $335,000
      6,000 SF

      149 Main St

      WAREHOUSE, STORAGE • 6,000 SF
      149 Main St, Fayette, IA 52142
      View Details
    • Value Estimation
      $395,000
      1,176 SF

      500 Wadena Rd

      WAREHOUSE, STORAGE • 1,176 SF
      500 Wadena Rd, Fayette, IA 52142-9174
      View Details
    • Value Estimation by Request
      1,440 SF

      301 12th Jones St

      MINI-WAREHOUSE, STORAGE • 1,440 SF
      301 12th Jones St, Fayette, IA 52142-9153
      View Details

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    • Contact for pricing
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    622 Mechanic St
    Fayette, IA 52142-7626
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    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
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