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Property profile & analytics
OFF-MARKET Estimated value $200,000
Office buildings

115 Broad St Reinbeck, IA 50669-1013

1,870 SF 0.06 ac lot Built 1909
Entity Owned Absentee Owner Free & Clear
Property ID
US25-2440115
Property summary
AI-generated overview

This meticulously maintained 1,870 square foot office building is ideally situated in downtown Reinbeck, Iowa, at 115 Broad Street. Its prime location places it directly adjacent to Dig Inn on Main & Broad Street, ensuring high visibility and convenient access. The property boasts a recently replaced roof (2022) and a new HVAC system, minimizing maintenance concerns for the new owner. Parking is readily available with two dedicated stalls located at the rear of the building, supplemented by ample public street parking directly in front. The interior layout is highly functional and versatile, featuring an open office area with four workstations, three private offices providing individual workspaces, a dedicated conference room for meetings and presentations, and two convenient bathrooms. The flexible design makes this property suitable for a variety of office and retail uses, offering significant potential for diverse businesses. The 0.06-acre lot provides a manageable footprint, while the building's excellent condition and desirable location represent a compelling investment opportunity in the heart of Reinbeck. The asking price is $89,950.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1909
Construction BRICK
Total area 1,870 SF
Lot 0.06 ac (2,552 SF)
APN 871528204007
UPID US25-2440115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Leistikow Kurt R Law Firm
  • Hodge Abby S Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k
Owner & transaction history
RICKERT, LINDA D, TRUST
RICKERT, LINDA D, TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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