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Property profile & analytics
OFF-MARKET Estimated value $770,000
Warehouses

701 1st N Ave Altoona, IA 50009-1429

15,840 SF 1.38 ac lot Built 2002
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US25-0175904
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2002
Construction STEEL FRAME
Total area 15,840 SF
Lot 1.38 ac (60,112 SF)
Zoning code M-1
APN 171/00016-003-001
UPID US25-0175904
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
$525k
Blend (final) Blend
$770k
Owner & transaction history
Martin Mueller Properties LLC · 7 yrs held
Martin Mueller Properties LLC
since 2019
1 recorded transaction
2019
$1.8M
Zoning & alternative use
M-1 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

14. M-1 Limited Industrial District. 15. M-1A Commercial And Limited Light Industrial Business Park. 16. M-2 Heavy Industrial District. 17. Floodway (Overlay) District (FW) - those areas identified as Floodway on the Official Flood Plain Zoning Map. 18. Floodway Fringe (Overlay) District (FF) - those areas identified as Zone AE on the Official Flood Plain Zo…

Zone name Limited Industrial
General category INDUSTRIAL
Zone area 2,146.43 ac
Source Development Standards 2019
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