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Property profile & analytics
OFF-MARKET Estimated value $4,175,000
Apartment buildings

720 8th SE St Altoona, IA 50009-1970

21,744 SF 4.84 ac lot Built 1994
Entity Owned 5-yr Hold
Property ID
US25-0225740
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1994
Construction FRAME
Total area 21,744 SF
Lot 4.84 ac (210,874 SF)
Zoning code R-5
APN 171/00183-601-002
UPID US25-0225740
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
$4.85M
CAP Approach CAP
$2.60M
Comparable Approach Comparable
$2.64M
Blend (final) Blend
$4.18M
Owner & transaction history
Tmg Jackson LLC · 5 yrs held
Tmg Jackson LLC
since 2020
Last sale
$5.3M
4 recorded transactions
2020
$5.3M
2012
$288,000
2010
Price N/A
2009
$96,000
Zoning & alternative use
R-5 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

6. R-5 Planned Unit Development. 7. C-1 Residential-Commercial District. 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…

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 2,021.97 ac
Source Development Standards 2019
Top alternative use upside
Restaurant $3.7M +13.7%
Auto repair, garage $3.4M +2.6%
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