705 Iowa Ave W Marshalltown, IA 50158
Property profile & analytics
705 Iowa Ave W Marshalltown, IA 50158
- Hotels
- 4,460 SF
- 1.43 lot acres
Property ID
US25-1140353
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.
Location Intelligence
Current Use by Public Records
- Flamingo Motel / Hotel & Motel
Property Details for 705 Iowa Ave W
- Year built
- 1956
- Construction
- FRAME
- Lot size
- 1.43 lot acres
- Property size
- 4,460 SF
- Zone code
- CC
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 8318-10-480-002
- APU
- 831810480002
Description
This 20-key motel, the Flamingo Inn, presents a compelling value-add or redevelopment opportunity in Marshalltown, Iowa. Situated on a 1.43-acre lot at 705 Iowa Ave W, this property boasts 7,724 square feet and offers significant potential for investors. Built in 1956 using durable concrete blocks, the single-story building includes a manager's living quarters complete with a kitchen, three bedrooms, and a spacious living room. The property features 17 parking spaces and enjoys excellent visibility with approximately 305 feet of frontage on Iowa Avenue and 205 feet of depth. Its strategic location, just north of Highway 30 and west of Highway 14, provides easy access and high visibility. The property's asking price is $225,000, representing a price per key of $11,250 and a 12% cap rate. With a 2022 Vehicle Per Day (VPD) count of 10,900 for Iowa Avenue, this location offers strong potential for increased revenue and return on investment. The substantial lot size allows for various redevelopment options, making this a unique investment prospect in a growing market. The APN is 8318-10-480-002. This is a rare chance to acquire a well-positioned motel with substantial upside.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Marshalltown
- County
- Marshall
- State
- Iowa
- Longitude
- -92.924
- Latitude
- 42.0076
- 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
$4,075
$93,700
$94,100
$187,800
-
$93,700
$94,100
$187,800
