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    Property profile & analytics

    303 Hwy 61st Nus Wapello, IA 52653-1242

    • Grocery and convenience stores
    • 1,797 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Last Sale
    Jan 08, 2020
    Location Intelligence
    Property ID
    US25-1517119
    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

    • Grocery and convenience stores

    Property Details for 303 Hwy 61st Nus

    Year built
    1986
    Lot size
    0.24 lot acres
    Property size
    1,797 SF
    Property type
    Grocery and convenience stores
    APN
    08-27-306-002
    APU
    827306002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wapello
    County
    Louisa
    State
    Iowa
    Longitude
    -91.1956
    Latitude
    41.1812
    CBSA code
    34700
    CBSA name
    MUSCATINE, IA MICROPOLITAN 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
    $2,126
    $24,000
    $99,600
    $123,600
    -
    $24,000
    $99,600
    $123,600

    Comparable in this City

    • Value Estimation
      $1,605,000
      12,773 SF

      709 Hwy 61st Nus

      GROCERY, SUPERMARKET • 12,773 SF
      709 Hwy 61st Nus, Wapello, IA 52653-1033
      View Details
    • Value Estimation by Request
      12,668 SF

      709 Us-61

      Individual retail properties • 12,668 SF
      709 Us-61, Wapello, IA 52653
      View Details
    • Value Estimation by Request
      7,170 SF

      13410 Hwy 78

      CONVENIENCE STORE • 7,170 SF
      13410 Hwy 78, Wapello, IA 52653-9617
      View Details
    • Value Estimation by Request
      2,760 SF

      710 Hwy 61st Nus

      CONVENIENCE STORE • 2,760 SF
      710 Hwy 61st Nus, Wapello, IA 52653-1000
      View Details
    • Value Estimation by Request
      6,800 SF

      335 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 6,800 SF
      335 2nd St, Wapello, IA 52653
      View Details
    • Value Estimation by Request
      1,820 SF

      503 Franklin St

      RETAIL STORES (PERSONAL SERVICES) • 1,820 SF
      503 Franklin St, Wapello, IA 52653-1410
      View Details

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      Land with utilities ready for building near recreational opportunities.
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    Wapello, IA 52653-1242
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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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