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Property profile & analytics

1205 Broadway St Red Oak, IA 51566

  • Warehouses
  • 1,216 SF
  • 6.57 lot acres
Value Estimation
Location Intelligence
Property ID
US25-2444859
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

  • Family Dollar / Dollar Store / Clothing Store

Property Details for 1205 Broadway St

Year built
1983
Construction
FRAME
Lot size
6.57 lot acres
Property size
1,216 SF
Property type
Warehouses
APN
600629227008000
APU
600629227008000

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $320,000
  • CAP approach

    CAP return
    Estimation
    6%
    $410,000
    6.5%
    $455,000
    7%
    $415,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $500,000
    Geo Method
    $400,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $470,000
    Retail
    $430,000
    Mixed-Use
    $520,000
    Hospitality
    $535,000
    Educational
    $385,000
    Residential Income
    $460,000
    Energy
    $400,000
    Income-Based Land
    $405,000
    Food Service
    $390,000

Location Insight

  • Map
  • Local Demand
City
Red Oak
County
Montgomery
State
Iowa
Longitude
-95.2353
Latitude
41.0156

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
$8,999
$89,750
$115,990
$205,740
-
$89,750
$115,990
$205,740
More about this property
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