Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215 Main St Woodward, IA 50276
    Back to Search
    Property profile & analytics

    215 Main St, Woodward, IA 50276

    View on Map
    • Retail space
    • 3,000 SF
    • 0.16 lot acres
    For Sale
    $154,900
    View Listing →
    Downtown Woodward Retail Space For Sale
    $154,900
    3,000 SF

    Downtown Woodward Retail Space

    Prime Main Street location, 3000 sq ft.

    Moran, IA 50276
    View Listing
    Property ID
    US25-0070243
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Social Hour Style / Department Store

    Property Details for 215 Main St

    Year built
    1900
    Lot size
    0.16 lot acres
    Property type
    Retail space
    APN
    406401005
    APU
    406401005

    Description

    This exceptional 3,000 square foot retail or office space is ideally situated on Main Street in the heart of Woodward, Iowa. Boasting significant original charm, the property features beautiful original wood floors, high ceilings, and large storefront windows, creating a welcoming and attractive space for any business. Currently occupied by a clothing store until sale, this property presents a fantastic opportunity for an owner-operator or an astute investor seeking a strong rental income stream. The 0.16-acre lot ensures ample space, while the high foot traffic of downtown Woodward guarantees excellent visibility and accessibility for your business. The building's versatile layout allows for various configurations to suit diverse business needs. The property's prime location and inherent character make it an exceptional investment, offering significant potential for growth and return. Don't miss this chance to secure a piece of Woodward's vibrant downtown. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodward
    County
    Dallas
    State
    Iowa
    Longitude
    -93.9216
    Latitude
    41.8561
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, 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
    2022
    $634
    $14,200
    $123,620
    $137,820
    -
    $14,200
    $123,620
    $137,820

    Comparable in this City

    • Value Estimation by Request
      10,640 SF

      Woodward, IA 50276

      RETAIL STORES (PERSONAL SERVICES)
      Woodward, IA 50276
      View Details
    • Value Estimation by Request
      7,976 SF

      124 Main St

      RETAIL STORES (PERSONAL SERVICES)
      124 Main St, Woodward, IA 50276-7725
      View Details
    • Value Estimation by Request
      1,520 SF

      218 Main St

      RETAIL STORES (PERSONAL SERVICES)
      218 Main St, Woodward, IA 50276-7710
      View Details
    • Value Estimation by Request
      3,440 SF

      101 Main St

      RETAIL STORES (PERSONAL SERVICES)
      101 Main St, Woodward, IA 50276-7705
      View Details
    • Value Estimation by Request
      4,300 SF

      121 Main St

      RETAIL STORES (PERSONAL SERVICES)
      121 Main St, Woodward, IA 50276
      View Details
    • Value Estimation by Request
      2,250 SF

      117 Main St

      RETAIL STORES (PERSONAL SERVICES)
      117 Main St, Woodward, IA 50276-7705
      View Details

    Similar Nearby for Sale

    • $154,900
      3,000 SF

      Downtown Woodward Retail Space

      Prime Main Street location, 3000 sq ft.
      215 Main St, Woodward, IA 50276
      View Details
    • $269,900
      12.19 Acres

      Executive Acreage Near Woodward, Iowa

      Premier building sites offering rural living with convenient metro access.
      02 325Th St, Woodward, IA 50276
      View Details
    • $219,900
      8.20 Acres

      Executive Acreage Near Woodward, Iowa

      Premier building sites offering rural living with convenient metro access.
      09 325Th St, Woodward, IA 50276
      View Details
    • $85,000
      0.44 Acres

      Residential Lot Near School, Golf

      Residential lot with mature trees, creek, near school and golf.
      505 W 5Th St, Woodward, IA 50276
      View Details
    • $195,000
      5.00 Acres

      5-Acre Lots Near Nature Preserve

      Spacious 5-acre lots for custom homes with nature views.
      1475 325Th St, Woodward, IA 50276
      View Details
    • Contact for pricing

      Woodward EcoBusiness Park Land Available

      463-acre development with 150 acres for business development.
      S Ave, Woodward, IA 50276
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 Main St
    Woodward, IA 50276
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    215 Main St, Woodward, IA, 50276
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!