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    Property profile & analytics

    939 Hawkeye SW Ave Le Mars, IA 51031-1862

    • Warehouses
    • 5,100 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    Jun 01, 2022
    $375,000
    Location Intelligence
    Property ID
    US25-2323729
    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

    • Warehouses

    Property Details for 939 Hawkeye SW Ave

    Year built
    1957
    Lot size
    1.42 lot acres
    Property size
    5,100 SF
    Property type
    Warehouses
    APN
    12-17-451-031
    APU
    1217451031

    Description

    This exceptional 2.95-acre commercial property in Le Mars, Iowa, boasts 275 feet of prime highway frontage on Hawkeye Ave SW. The site includes a 1,344 sq ft concrete block building currently rented month-to-month, featuring two loading bays with 10-foot overhead doors, a 220V HVAC system, office space, and restroom facilities. Additionally, there are two metal warehouses on-site, one measuring 5,100 sq ft and the other 4,000 sq ft, each with an overhead door. These warehouses are potentially relocatable, opening up various development opportunities. The property's location in Le Mars, known as the "Ice Cream Capital of the World," offers significant advantages, including proximity to Wells Enterprises (Wells Blue Bunny Ice Cream), a thriving community with ample amenities such as an airport, golf course, and various businesses. The property also benefits from excellent access via a newer road providing frontage on both the highway and a less-traveled route. With 12 parking spaces and Commercial zoning, this property presents a unique investment opportunity with high potential for diverse commercial uses. The asking price is $1,250,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $415,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $495,000
      Retail
      $410,000
      Mixed-Use
      $450,000
      Hospitality
      $430,000
      Educational
      $515,000
      Residential Income
      $500,000
      Energy
      $400,000
      Income-Based Land
      $490,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Le Mars
    County
    Plymouth
    State
    Iowa
    Longitude
    -96.1818
    Latitude
    42.7822

    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
    $6,368
    $241,800
    $153,210
    $395,010
    -
    $241,800
    $153,210
    $395,010

    Comparable in this City

    • Value Estimation by Request
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      WAREHOUSE, STORAGE • 3,000 SF
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      View Details
    • Value Estimation by Request
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    • Value Estimation by Request
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    • Value Estimation by Request
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    • Value Estimation by Request
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      Le Mars, IA 51031

      WAREHOUSE, STORAGE • 4,320 SF
      Le Mars, IA 51031
      View Details

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    Le Mars, IA 51031-1862
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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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