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Property profile & analytics
OFF-MARKET
Apartment buildings

707 2nd SW Ave Altoona, IA 50009-1780

5,120 SF 0.3 ac lot Built 1969
Entity Owned 9-yr Hold Absentee Owner
Property ID
US25-0217244
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1969
Construction FRAME
Total area 5,120 SF
Lot 0.3 ac (13,000 SF)
Zoning code C-2
APN 171/00266-001-000
UPID US25-0217244
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hpk LLC · 9 yrs held
Hpk LLC
since 2017
3 recorded transactions
2019
Price N/A
2017
$300,000
2013
Price N/A
Zoning & alternative use
C-2 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

8. C-2 General Commercial District. 9. C-3 Planned Commercial District. 10. C-4 Village Commercial District. 11. C-5 Office Park. 12. C-6 Commercial Entertainment or Recreational District. 13. C-7 Regional Commercial District. 14. M-1 Limited Industrial District. 15. M-1A Commercial And Limited Light Industrial Business Park. 16. M-2 Heavy Industrial Distric…

Zone name General Commercial
General category COMMERCIAL
Zone area 538.92 ac
Source Development Standards 2019
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