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    Property profile & analytics

    231 2nd Ave Underwood, IA 51576

    • Warehouses
    • 3,080 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 27, 2022
    Location Intelligence
    Property ID
    US25-0364415
    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

    • Warehouses

    Property Details for 231 2nd Ave

    Year built
    1998
    Lot size
    0.08 lot acres
    Property size
    3,080 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    7642 16 253 001
    APU
    764216253001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Underwood
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.6766
    Latitude
    41.3868
    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
    $1,204
    $8,800
    $62,400
    $71,200
    -
    $8,800
    $62,400
    $71,200

    Comparable in this City

    • Value Estimation
      $170,000
      0.47 Acres

      503 Milwaukee Ave

      MINI-WAREHOUSE, STORAGE • 0.47 Acres
      503 Milwaukee Ave, Underwood, IA 51576
      View Details
    • Value Estimation by Request
      2,240 SF

      216 Hwy St

      WAREHOUSE, STORAGE • 2,240 SF
      216 Hwy St, Underwood, IA 51576
      View Details
    • Value Estimation by Request
      0.57 Acres

      218 2nd St

      WAREHOUSE, STORAGE • 0.57 Acres
      218 2nd St, Underwood, IA 51576-8013
      View Details
    • Value Estimation by Request
      8,084 SF

      625 Hwy St

      WAREHOUSE, STORAGE • 8,084 SF
      625 Hwy St, Underwood, IA 51576-5041
      View Details
    • Value Estimation
      $470,000
      6,960 SF

      Underwood, IA 51576

      BULK STORAGE, TANKS • 6,960 SF
      Underwood, IA 51576
      View Details
    • Value Estimation by Request
      5,503 SF

      26022 3rd St

      WAREHOUSE, STORAGE • 5,503 SF
      26022 3rd St, Underwood, IA 51576
      View Details

    Similar Nearby for Sale

    • $6,328,322
      105.56 Acres

      Prime Underwood Commercial Land

      105 Acres, I-80 Frontage, High Visibility
      0 105.56 Ac Magnolia Rd, Underwood, IA 51576
      View Details
    • $65,000
      1,200 SF

      Former Bank Building For Sale

      1,200 SF well-maintained building on 0.29 acres.
      321 Highway St, Underwood, IA 51576
      View Details
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    231 2nd Ave
    Underwood, IA 51576
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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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