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Property profile & analytics
OFF-MARKET Estimated value $1,655,000
Retail space

2501 Broadway St Red Oak, IA 51566-1011

39,868 SF 5.35 ac lot Built 1979
Entity Owned Absentee Owner Free & Clear
Property ID
US25-1889614
Property summary
AI-generated overview

This exceptional 40,000-square-foot free-standing retail building, situated on a 5.35-acre lot in Red Oak, Iowa, presents a remarkable investment opportunity. Built in 1979, the property boasts a highly desirable location at the corner of Highway 30 and North Broadway Street, offering unparalleled visibility and accessibility. Previously occupied by K-Mart, the single-tenant building is currently vacant and ready for immediate occupancy. Ample parking is available, providing significant potential for expansion to suit a variety of uses. The building's layout includes a former automotive department, easily adaptable into office space, and a convenient rear storage area ideal for deliveries. Located in Montgomery County, this property benefits from its position on Red Oak's main thoroughfare, ensuring maximum exposure to a substantial customer base. The building's size and prominent location make it an ideal candidate for a wide range of retail, commercial, or even light industrial uses. This is a rare chance to acquire a substantial property in a prime location with significant upside potential. The address is 2501 N Broadway St, Red Oak, IA 51566.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Total area 39,868 SF
Lot 5.35 ac (233,046 SF)
APN 260620200007000
UPID US25-1889614
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
  • Sears Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.66M
Owner & transaction history
SAND SPRINGS, LLC
SAND SPRINGS, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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