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Property profile & analytics
OFF-MARKET
Warehouses

1205 Broadway St Red Oak, IA 51566-1412

1,216 SF 6.57 ac lot Built 1983
Entity Owned Absentee Owner Free & Clear
Property ID
US25-2444859
Property summary
AI-generated overview

This exceptional 3.87-acre commercial land parcel presents a remarkable investment opportunity in Red Oak, Iowa. Strategically located at 1205 N Broadway St, in Montgomery County, zip code 51566, this property boasts high visibility and accessibility. The site faces North Broadway Street and is bordered by West Oak and West Bridge Streets, ensuring significant exposure to a substantial daily traffic flow. The property's convenient location is further enhanced by its adjacency to the recently constructed Family Dollar/Dollar Tree building, sharing a common driveway for direct access to North Broadway Street. This shared access point provides seamless ingress and egress, optimizing convenience for potential businesses and customers. The land is divisible, offering flexibility for development. Two potential lot divisions are possible: Lot 1, encompassing 2.16 acres, and Lot 2, comprising 1.71 acres. This allows for tailored development plans to suit various business needs and scales. Red Oak, with a population of approximately 5,500 residents, serves as the county seat of Montgomery County, providing a stable and established market for commercial ventures. The property's ideal location makes it particularly suitable for quick-service restaurants (QSRs), convenience stores, or other service-oriented businesses seeking high visibility and convenient access for their customers. This prime commercial land offers a unique chance to establish a thriving business in a growing community.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1983
Construction FRAME
Total area 1,216 SF
Lot 6.57 ac (286,189 SF)
APN 600629227008000
UPID US25-2444859
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
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
NEW MERGER COOPERATIVE, INC
NEW MERGER COOPERATIVE, INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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