Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    418 E Coolbaugh St Red Oak, IA 51566

    View on Map
    Sponsored
    For Sale
    $350,000

    MULTI_FAMILY - RED OAK, IA

    Property size:
    7,020 SF
    Days on Market:
    43
    Last Refresh:
    Mar 5 at 1:06 pm

    Property Features for 418 E Coolbaugh St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C, L
    Rooms
    Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 8
    Bedrooms
    8
    APN
    600628326007000
    Appliances
    Refrigerator, Stove, Washer - Coin, Dryer - Coin
    Size
    7,020 SF

    Utilities

    Heating system
    Natural Gas, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Number of units
    4
    Roof type
    Flat

    We can help!

    Listing Contact
    Lisa Marie Pringle

    Better Homes & Gardens Real Estate The Good Life Group (402) 932-5989

    Listing agent Lisa Marie Pringle License #S65916000

    Listing date Jan 22, 2026

    MLS# 25-2579 Listing URL

    Copyright © 2026 Southwest Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Victorian Building in Red Oak

    Located in downtown Red Oak, this mixed-use property features four two-bedroom apartments and two ground-level storefronts. The apartments are well-maintained, leased month-to-month, and include common-area laundry and individual storage closets. The storefronts are in shell condition and equipped with ADA restrooms, ready for tenant improvements. Situated along a walkable, high-visibility downtown corridor, the property benefits from Red Oak's affordable housing market and strong local tenant base. The building, originally Red Oak's first post office, showcases classic Victorian architecture, with detailed brickwork and tall windows. The traditional facade was painted in 2020 in period-appropriate colors. The property offers 7,020 square feet of space and is zoned C, L.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Montgomery
    State
    Iowa
    Longitude
    -95.227142
    Latitude
    41.008706

    Nearby Similar for Sale

    • $320,000
      3,200 SF

      Modern Commercial Building in Red Oak

      Modern, adaptable commercial building built in 2018, ideal for various uses.
      108 W Hammond St, Red Oak, IA 51566
      View Details
    • $170,000
      Pending

      Remodeled Duplex in Red Oak

      Remodeled Tudor-style duplex with modern finishes and shared terrace.
      702 E Coolbaugh St, Red Oak, IA 51566
      View Details
    • $150,000
      11,375 SF

      Historic Masonic Lodge Redevelopment Opportunity

      Four-story historic building in downtown Red Oak, Iowa.
      422 E Coolbaugh St, Red Oak, IA 51566
      View Details
    • Contact for pricing
      7,655 SF

      Office Building Near County Courthouse

      Office building with dedicated parking lot across from courthouse.
      323 E Reed St, Red Oak, IA 51566
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and storefronts in downtown Red Oak.
    Where is this mixed-use property located?
    The property is located at 418 E Coolbaugh St Red Oak, IA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Mixed-use property with four leased apartments and two ground-level storefronts offers diverse income potential.; - High-visibility downtown location in a walkable corridor with strong local tenant base.; - Historic Victorian architecture with detailed brickwork and tall windows.
    (402) 660-9078
    Request Owner's contact information
    418 E Coolbaugh St Red Oak, IA 51566
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    418 E Coolbaugh St
    Red Oak, IA 51566
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    418 E Coolbaugh St Red Oak, IA 51566
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lisa Marie Pringle
    Real Estate License ID: 20150747
    (402) 660-9078 (402) 932-5989
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!