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    Property profile & analytics

    648 Hwy 3rd 3 Latimer, IA 50452-7552

    • Grocery and convenience stores
    • 6,532 SF
    • 8.71 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-1898390
    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 648 Hwy 3rd 3

    Year built
    1978
    Lot size
    8.71 lot acres
    Property size
    6,532 SF
    Property type
    Grocery and convenience stores
    APN
    52530001000
    APU
    52530001000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Latimer
    County
    Franklin
    State
    Iowa
    Longitude
    -93.393
    Latitude
    42.7463

    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
    $261
    $246,400
    $527,200
    $773,600
    -
    $246,400
    $527,200
    $773,600

    Comparable in this City

    • Value Estimation by Request
      1,672 SF

      110 Akir St

      GROCERY, SUPERMARKET • 1,672 SF
      110 Akir St, Latimer, IA 50452-7591
      View Details
    • Value Estimation by Request
      3,036 SF

      304 Andrews St

      RETAIL STORES (PERSONAL SERVICES) • 3,036 SF
      304 Andrews St, Latimer, IA 50452
      View Details
    • Value Estimation by Request
      2,880 SF

      104 Akir St

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      104 Akir St, Latimer, IA 50452
      View Details
    • Value Estimation
      $395,000
      2,408 SF

      121 Akir St

      FINANCIAL BUILDING • 2,408 SF
      121 Akir St, Latimer, IA 50452
      View Details
    • Value Estimation by Request
      1,124 SF

      102 Akir St

      SERVICE STATION (FULL SERVICE) • 1,124 SF
      102 Akir St, Latimer, IA 50452-7593
      View Details
    • Value Estimation by Request
      2,080 SF

      115 Akir St

      RESTAURANT • 2,080 SF
      115 Akir St, Latimer, IA 50452
      View Details
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    648 Hwy 3rd 3
    Latimer, IA 50452-7552
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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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