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Property profile & analytics
OFF-MARKET Estimated value $1,220,000
Apartment buildings

Altoona, IA 50009

10,320 SF 5.66 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
Property ID
US25-0810987
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2000
Construction FRAME
Total area 10,320 SF
Lot 5.66 ac (246,550 SF)
Zoning code C-6
APN 171/00118-007-001
UPID US25-0810987
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
$1.23M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.22M
Owner & transaction history
POLK COUNTY BOARD SUPERVISORS
POLK COUNTY BOARD SUPERVISORS
Zoning & alternative use
C-6 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 District. 17. Floodway (Overlay) District (FW) - those areas identified as Floodway on the Official Flood Plain Zoning Map. 18. Floodway…

Zone name Commercial Entertainment And Recreation
General category COMMERCIAL
Zone area 415.00 ac
Source Development Standards 2019
Top alternative use upside
Restaurant $1.8M +13.7%
Auto repair, garage $1.6M +2.6%
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