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    Property profile & analytics

    702 3Rd Ave Marshalltown, IA 50158

    • Office buildings
    • 9,904 SF
    • 13.94 lot acres
    For Sale
    View listing
    $525,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-1321909
    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

    • Holllingsworth Mfg. / Manufacturer
    • Shop Tools Outlet / Equipment Supplier
    • HMC Industries, Inc. / Store

    Property Details for 702 3Rd Ave

    Year built
    1880
    Lot size
    13.94 lot acres
    Property size
    9,904 SF
    Zone code
    M-2
    Property type
    Office buildings
    APN
    8418-35-427-015
    APU
    841835427015

    Description

    This exceptional 13.94-acre commercial land parcel, located at 702 S 3rd Ave in Marshalltown, Iowa, presents a compelling redevelopment opportunity. Zoned M-2, this property offers significant potential for various commercial ventures. The site currently features eight existing warehouse/industrial buildings, providing a solid foundation for future development or immediate operational use. The asking price is $525,000, translating to a land value of $0.86 per square foot. This strategic location in Marshall County, Iowa, zip code 50158, benefits from the advantageous designation as an Opportunity Zone, unlocking substantial tax benefits for qualified investors. Furthermore, financial incentives are available, adding to the attractiveness of this investment. The property's coordinates are 42.0404997 latitude and -92.9039817 longitude. This is a rare chance to acquire a large, well-situated commercial property with existing structures and significant potential for growth, all while leveraging the benefits of Opportunity Zone incentives and available financial assistance. Don't miss this chance to capitalize on this prime redevelopment opportunity in a thriving Iowa community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $195,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $190,000
      Mixed-Use
      $230,000
      Hospitality
      $200,000
      Educational
      $235,000
      Residential Income
      $195,000
      Energy
      $230,000
      Income-Based Land
      $210,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Marshalltown
    County
    Marshall
    State
    Iowa
    Longitude
    -92.9047
    Latitude
    42.0403
    CBSA code
    32260
    CBSA name
    MARSHALLTOWN, IA MICROPOLITAN STATISTICAL AREA

    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
    $3,503
    $113,850
    $57,790
    $171,640
    -
    $113,850
    $57,790
    $171,640

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      OFFICE BUILDING • 37,064 SF
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    702 3Rd Ave
    Marshalltown, IA 50158
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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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