505 2ndSpencer, IA 51301

  • Office buildings
  • 7,174 SF
Off market
$1,076,900 Estimated

Property Details for 505 2nd

Year built
1974
Lot size
0.69 AC
Property size (Sq ft)
7,174 SF
Zone code
C-1 GENERAL COMMERCIAL
Property type
Office buildings
APN
963607356006
APU
963607356006

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,036,352
    6.5%
    $956,633
    7%
    $888,302
  • Comparable approach

    Method
    Valuation
    Relative Method
    $366,161
    Geo Method
    $366,161
  • Alternative Use

    Use
    Valuation
    Residential
    $1,186,224
    Hospitality
    $1,086,575
    Educational
    $904,018
    Medical
    $935,108
    Retail
    $1,406,250
505 2nd, Spencer, Iowa

Location Insight

City
Spencer
County
Clay
State
Iowa
Latitude
43.1427
Longitude
-95.148
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
-
$88,560
$988,340
$1,076,900
-
$88,560
$988,340
$1,076,900

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