3160 8Th StAltoona, IA 50009

Property Details for 3160 8Th St

Year built

2000

Construction

FRAME

Lot size

4.78 AC

Property size (Sq ft)

4,000 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

171/00175-602-000

APU

17100175602000

Description

This single-story, 6,911 square foot retail strip center is located at 3160 8th St SW in Altoona, Iowa, within Polk County's Des Moines submarket. The property offers a minimum of 1,450 square feet of divisible space, ideal for a variety of retail businesses. Situated in a thriving retail corridor, this location benefits from high visibility and convenient access. Altoona's strategic position as a prominent entertainment hub in Iowa, home to major attractions such as Bass Pro Shops, Adventureland, and the Outlets of Des Moines, ensures a strong customer base and significant foot traffic. The property's single-building design provides efficient operations and easy management. This presents a unique opportunity for businesses seeking a well-located retail space in a rapidly growing area. The zip code is 50009. Serious inquiries are encouraged to explore this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,025,288

  6.5%

  $946,420

  7%

  $878,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $514,483

  Geo Method

  $514,483

• Alternative Use

  Use

  Valuation

  Residential

  $798,341

  Hospitality

  $731,276

  Educational

  $608,413

  Medical

  $629,337

  Retail

  $946,420

Location Insight

City

Altoona

County

Polk

State

Iowa

Latitude

41.6433

Longitude

-93.5011

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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