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    Property profile & analytics

    900 1St Ave Perry, IA 50220

    • Office buildings
    • 1,736 SF
    • 0.16 lot acres
    For Sale
    View listing
    $265,000
    Value Estimation
    Last Sale
    May 05, 2022
    $250,000
    Location Intelligence
    Property ID
    US25-0236546
    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

    • Audi Sorber Real Estate / Real Estate Agent
    • RE/MAX Precision / Real Estate Agency

    Property Details for 900 1St Ave

    Year built
    1996
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    1,736 SF
    Property type
    Office buildings
    APN
    210356003
    APU
    210356003

    Description

    This exceptional 1,736 square foot office/retail space presents a fantastic investment opportunity in the thriving heart of Perry, Iowa. Located at 900 1st Avenue, this property boasts a highly desirable downtown location, offering excellent visibility and accessibility for businesses seeking a prominent presence. The building sits on a conveniently sized 0.16-acre lot, providing ample space for parking or potential future expansion. The interior layout is versatile and adaptable, making it suitable for a wide range of commercial uses, from professional offices to retail establishments. The asking price of $275,000 represents a compelling value for a property of this caliber in a dynamic market. All information provided has been obtained from the seller and public records. This is a turnkey opportunity for an owner-occupier or investor looking to capitalize on the growth potential of Perry's commercial sector. The property's central location ensures easy access to local amenities, a strong workforce, and a vibrant community. Serious inquiries are encouraged to explore this promising investment further. Don't miss the chance to secure this prime commercial real estate in a rapidly developing area. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to acquire a well-situated and versatile commercial space in a desirable Iowa town.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $210,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $190,000
      Mixed-Use
      $215,000
      Hospitality
      $240,000
      Educational
      $220,000
      Residential Income
      $205,000
      Energy
      $235,000
      Income-Based Land
      $215,000
      Food Service
      $205,000

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Dallas
    State
    Iowa
    Longitude
    -94.1061
    Latitude
    41.8365
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN 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
    2022
    $2,924
    $21,150
    $182,450
    $203,600
    -
    $21,150
    $182,450
    $203,600

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      1213 Lucinda St

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      105 Theater Cir

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      105 Theater Cir, Perry, IA 50220-2523
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      20244 141st St

      OFFICE BUILDING • 5,117 SF
      20244 141st St, Perry, IA 50220-6302
      View Details
    • Value Estimation
      $230,000
      8,600 SF

      1220 2nd St

      OFFICE BUILDING • 8,600 SF
      1220 2nd St, Perry, IA 50220-1506
      View Details
    • Value Estimation
      $250,000
      10,000 SF

      104 Willis Ave

      OFFICE BUILDING • 10,000 SF
      104 Willis Ave, Perry, IA 50220-1086
      View Details
    • Value Estimation by Request
      1,082 SF

      1009 Willis Ave

      OFFICE BUILDING • 1,082 SF
      1009 Willis Ave, Perry, IA 50220-1646
      View Details

    Similar Nearby for Sale

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      2.06 Acres

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    900 1St Ave
    Perry, IA 50220
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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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