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    Property profile & analytics

    1 Locust St Glenwood, IA 51534-1723

    • Grocery and convenience stores
    • 1,500 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 14, 2025
    $76,922
    Location Intelligence
    Property ID
    US25-1520206
    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

    • Grocery and convenience stores

    Property Details for 1 Locust St

    Year built
    1987
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    1,500 SF
    Property type
    Grocery and convenience stores
    APN
    56020010000000
    APU
    56020010000000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood
    County
    Mills
    State
    Iowa
    Longitude
    -95.7445
    Latitude
    41.0465
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA 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
    $6,420
    $34,720
    $228,211
    $262,931
    -
    $34,720
    $228,211
    $262,931

    Comparable in this City

    • Value Estimation
      $270,000
      5,244 SF

      Glenwood, IA 51534

      GROCERY, SUPERMARKET • 5,244 SF
      Glenwood, IA 51534
      View Details
    • Value Estimation
      $260,000
      10,718 SF

      Glenwood, IA 51534

      GROCERY, SUPERMARKET • 10,718 SF
      Glenwood, IA 51534
      View Details
    • Value Estimation
      $65,000
      2,160 SF

      502 Locust St

      CONVENIENCE STORE • 2,160 SF
      502 Locust St, Glenwood, IA 51534-1829
      View Details
    • Value Estimation
      $265,000
      2,232 SF

      423 Sharp St

      GROCERY, SUPERMARKET • 2,232 SF
      423 Sharp St, Glenwood, IA 51534-1729
      View Details
    • Value Estimation
      $500,000
      2,130 SF

      515 Sharp St

      CONVENIENCE STORE • 2,130 SF
      515 Sharp St, Glenwood, IA 51534-1730
      View Details
    • Value Estimation
      $455,000
      2,709 SF

      Glenwood, IA 51534

      CONVENIENCE STORE • 2,709 SF
      Glenwood, IA 51534
      View Details

    Similar Nearby for Sale

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      Established Business with Real Estate

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    • $1,599,000
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      Retail Property in Glenwood, Iowa

      Retail property with high visibility and strong co-tenants.
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    Glenwood, IA 51534-1723
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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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