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    409 Driftwood St Correctionville, IA 51016

    • Office buildings
    • 672 SF
    • 0.07 lot acres
    For Sale
    View listing
    $80,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-0145408
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dixon Construction Co / Construction Company

    Property Details for 409 Driftwood St

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    672 SF
    Zone code
    C-24
    Property type
    Office buildings
    APN
    884301229008
    APU
    884301229008

    Description

    This exceptional commercial property, located at 409 Driftwood St in Correctionville, Iowa, presents a unique investment opportunity. The property consists of two buildings totaling 3,172 square feet, situated on a 0.14-acre lot. Built in 1910, this single-story structure offers versatile space ideal for a variety of commercial uses. The interior layout includes three private offices, two open work areas, a dedicated conference room, and substantial back storage. The buildings can be utilized as a single cohesive unit or easily subdivided to create two separate storefronts, catering to diverse business needs. Ample parking is conveniently located at the rear of the property. This move-in ready property is offered for sale at $80,000, or available for lease at $1,500 per month on a triple net (NNN) basis, with tenant responsibility for taxes, insurance, and maintenance. The property's central location in downtown Correctionville, Iowa, zip code 51016, ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, adaptable commercial space in a thriving community. The property is zoned for commercial use.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Correctionville
    County
    Woodbury
    State
    Iowa
    Longitude
    -95.7865
    Latitude
    42.4746
    CBSA code
    43580
    CBSA name
    SIOUX CITY, IA-NE-SD METROPOLITAN 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
    $404
    $4,200
    $17,580
    $21,780
    -
    $4,200
    $17,580
    $21,780

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      Correctionville, IA 51016

      OFFICE BUILDING • 2,500 SF
      Correctionville, IA 51016
      View Details
    • Value Estimation
      $375,000
      864 SF

      300 7th St

      OFFICE BUILDING • 864 SF
      300 7th St, Correctionville, IA 51016-7764
      View Details
    • Value Estimation by Request
      675 SF

      412 5th St

      PROFESSIONAL BUILDING • 675 SF
      412 5th St, Correctionville, IA 51016-7712
      View Details
    • Value Estimation by Request
      7,000 SF

      312 Driftwood St

      OFFICE BUILDING • 7,000 SF
      312 Driftwood St, Correctionville, IA 51016-7732
      View Details
    • Value Estimation by Request
      2,472 SF

      524 Driftwood St

      MEDICAL BUILDING • 2,472 SF
      524 Driftwood St, Correctionville, IA 51016-7734
      View Details
    • Value Estimation by Request
      5,466 SF

      530 Driftwood St

      MEDICAL BUILDING • 5,466 SF
      530 Driftwood St, Correctionville, IA 51016-7734
      View Details
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    409 Driftwood St
    Correctionville, IA 51016
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    Realmo Value Estimation

    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.

    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.

    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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