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    18840 US Highway 63 Bloomfield, IA 52537

    View on Map
    Pending
    $224,900

    COMMERCIAL - Other - Bloomfield, IA

    Added:
    Feb 6, 2025
    Days on Market:
    420
    Last Refresh:
    Apr 2 at 4:06 am

    Property Features for 18840 US Highway 63

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Window features
    Double Pane Windows
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    11067732

    Taxes and HOA fees

    TaxYear
    2023
    TaxDescription
    18 69 13 LOT 1 PARCEL A (PT SE SW)
    TaxAnnualAmount
    2128

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2002
    Number of units
    1
    Flooring type
    Concrete, Carpet
    Building materials
    Frame, Block, Brick, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Bogle
    Lori Bogle

    Listing agent Lori Bogle License #***

    Listing office Bogle Realty LLC 116 S 18th St, Centerville, IA

    Listing date Feb 6, 2025

    MLS# 6324770

    Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bloomfield Commercial Building on Acreage

    This commercial office building, offering nearly 1500 square feet of space, is situated on just over an acre of land. Its location on US Highway 63 provides convenient access to a large parking area and circle driveway. The interior features a large, carpeted retail space or showroom, along with an office or conference room and a bathroom. The back portion of the building provides space for work or inventory storage. A detached garage in the back includes an additional office space and 220V power. There is also another shed for equipment storage. The property includes a new roof installed in 2023, and the septic system was pumped and tested in 2025. This property is zoned for business and commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Map

    City
    Bloomfield
    County
    Davis
    State
    Iowa
    Longitude
    -92.4004022
    Latitude
    40.772138

    Nearby Similar for Sale

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    • $180,000
      1,044 SF

      Bloomfield Duplex: Investment Opportunity

      Fully occupied duplex in Bloomfield, IA with strong rental income.
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    • $290,000

      Bloomfield Commercial Building with Apartments

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    FAQs

    What type of property is this?
    Showroom - Commercial building on US Highway 63 with ample storage.
    Where is this showroom located?
    The property is located at 18840 US Highway 63 Bloomfield, IA.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: High‑visibility location on US Highway 63 with easy access and ample parking.; Large 1500 sq ft commercial building on over an acre of land.; Versatile space with retail/showroom, office/conference room, and storage areas.
    (641) 856-7002
    We can help!
    Listing Contact
    Lori Bogle
    Lori Bogle
    Real Estate License ID: ***
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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