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    Property profile & analytics

    231 3rd St Underwood, IA 51576-8017

    • Retail space
    • 1,760 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 15, 2021
    Location Intelligence
    Property ID
    US25-2564930
    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

    • Retail space

    Property Details for 231 3rd St

    Year built
    1957
    Lot size
    0.16 lot acres
    Property size
    1,760 SF
    Property type
    Retail space
    APN
    7642 16 252 004
    APU
    764216252004

    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
    -95.6774
    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
    $1,014
    $10,000
    $50,000
    $60,000
    -
    $10,000
    $50,000
    $60,000

    Comparable in this City

    • Value Estimation
      $30,000
      2,200 SF

      401 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,200 SF
      401 2nd Ave, Underwood, IA 51576-5401
      View Details
    • Value Estimation
      $345,000
      7,500 SF

      26874 Magnolia Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,500 SF
      26874 Magnolia Rd, Underwood, IA 51576
      View Details
    • Value Estimation by Request
      0.08 Acres

      Underwood, IA 51576

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      Underwood, IA 51576
      View Details
    • Value Estimation by Request
      12.48 Acres

      24682 Railroad Hwy

      RETAIL STORES (PERSONAL SERVICES) • 12.48 Acres
      24682 Railroad Hwy, Underwood, IA 51576
      View Details
    • Value Estimation by Request
      3,680 SF

      210 3rd St, Unit 14

      RETAIL STORES (PERSONAL SERVICES) • 3,680 SF
      210 3rd St, Underwood, IA 51576
      View Details
    • Value Estimation by Request
      385,000 SF

      26325 Magnolia Rd

      RETAIL STORES (PERSONAL SERVICES) • 385,000 SF
      26325 Magnolia Rd, Underwood, IA 51576-3758
      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 3rd St
    Underwood, IA 51576-8017
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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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