Technical
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Property profile

704 May St Marshalltown, IA 50158

OFF-MARKET
Medical Office Space
Property ID
US25-1273132
3,860 SF 0.25 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A recently remodeled, fully handicap-accessible commercial building totaling 3,860 square feet, located in Marshalltown, Iowa, on a 0.25-acre lot. The interior is configured to support medical and professional uses, and has previously been used as a specialty medical clinic. Layout features include an ample waiting room, a handicap-accessible reception area, five exam rooms, four offices, a large conference room, a nursing station, and dedicated laboratory and pharmacy areas, including an in-house pharmacy space. The building also includes three bathrooms. The space is adaptable for alternative professional and social service uses such as a clinic, office/professional building, or social service facility; with minimal adjustments, it could accommodate functions like an office, credit union, social service agency, or a homeless shelter, supported by provisions for a shower room, food pantry, clothing closet, additional offices, a common area, and bunk rooms.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1950
Total area 3,860 SF
Lot 0.25 ac (10,735 SF)
Zoning code R-3
APN 8418-36-305-007
UPID US25-1273132

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

704 May St Marshalltown, IA 50158-3437
Marshalltown metro Census 950900 MARSHALLTOWN, IA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$370k

Owner & transaction history

Zoning & alternative use

R-3 · Marshalltown, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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