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    Property profile & analytics

    920 Grand Ave Spencer, IA 51301-3641

    • Medical offices
    • 3,777 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $465,000
    Last Sale
    Jun 03, 2020
    $510,000
    Location Intelligence
    Property ID
    US25-0018873
    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

    • Northwest Iowa Ear Nose Throat / Medical Clinic / Doctor
    • Jorgensen Hearing Center / Hearing Aid Store / Audiologist
    • Hope Haven Intensive Psychotherapy / Psychotherapist

    Property Details for 920 Grand Ave

    Year built
    1965
    Construction
    FRAME
    Lot size
    0.30 lot acres
    Property size
    3,777 SF
    Zone code
    C-1 GENERAL COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    963607331001
    APU
    963607331001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $420,000

    • CAP approach

      CAP return
      Estimation
      6%
      $570,000
      6.5%
      $500,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $530,000
      Mixed-Use
      $460,000
      Hospitality
      $480,000
      Educational
      $590,000
      Residential Income
      $560,000
      Energy
      $550,000
      Income-Based Land
      $485,000
      Food Service
      $510,000

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Clay
    State
    Iowa
    Longitude
    -95.1447
    Latitude
    43.1475
    CBSA code
    43980
    CBSA name
    SPENCER, 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
    $0.00
    $184,000
    $447,030
    $631,030
    -
    $184,000
    $447,030
    $631,030

    Comparable in this City

    • Value Estimation
      $230,000
      1,936 SF

      337 11th SW St

      MEDICAL BUILDING • 1,936 SF
      337 11th SW St, Spencer, IA 51301-5849
      View Details
    • Value Estimation
      $285,000
      2,488 SF

      3 18th St

      MEDICAL BUILDING • 2,488 SF
      3 18th St, Spencer, IA 51301-3441
      View Details
    • Value Estimation
      $220,000
      2,000 SF

      119 Grand Ave

      MEDICAL BUILDING • 2,000 SF
      119 Grand Ave, Spencer, IA 51301-4224
      View Details
    • Value Estimation
      $1,075,000
      4,000 SF

      820 Grand Ave

      MEDICAL BUILDING • 4,000 SF
      820 Grand Ave, Spencer, IA 51301-3631
      View Details
    • Value Estimation by Request
      12,060 SF

      1200 1st E Ave

      MEDICAL BUILDING • 12,060 SF
      1200 1st E Ave, Spencer, IA 51301-4342
      View Details
    • Value Estimation
      $225,000
      3,600 SF

      1025 5th SE Ave

      MEDICAL BUILDING • 3,600 SF
      1025 5th SE Ave, Spencer, IA 51301-6004
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Residential lot in desirable neighborhood near Spencer Golf and Country Club.
      2002 22 Ave W, Spencer, IA 51301
      View Details
    • $34,900
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      Residential Lot in Fairway Woods

      Large, affordable residential lot in desirable Spencer, Iowa neighborhood.
      2008 22 Ave W, Spencer, IA 51301
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      0.31 Acres

      Land in Fairway Woods

      Residential land for sale in Spencer, Iowa near golf course.
      2008 W 20Th St, Spencer, IA 51301
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    • $33,900
      0.49 Acres

      Residential Land in Spencer, Iowa

      Residential land available in Spencer, close to golf and trails.
      1812 22 Ave W, Spencer, IA 51301
      View Details
    • Contact for pricing
      0.34 Acres

      Residential Land Near Golf Course

      Residential land available near Spencer Golf and Country Club.
      1813 22 Ave W, Spencer, IA 51301
      View Details
    • Contact for pricing
      0.33 Acres

      Residential Land in Spencer, Iowa

      Land for residential construction in a desirable Spencer location.
      2108 20 Ave W, Spencer, IA 51301
      View Details
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    920 Grand Ave
    Spencer, IA 51301-3641
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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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