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    Property profile & analytics

    509 3rd St Red Oak, IA 51566-2234

    • Investment properties
    • 3,288 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $50,000
    Last Sale
    Mar 25, 2020
    $58,000
    Location Intelligence
    Property ID
    US25-1590297
    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

    • H&R Block / Accounting Firm / Tax Consultant

    Property Details for 509 3rd St

    Year built
    1880
    Lot size
    0.05 lot acres
    Property size
    3,288 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    600628165023000
    APU
    600628165023000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Montgomery
    State
    Iowa
    Longitude
    -95.2295
    Latitude
    41.0093

    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
    $1,798
    $4,910
    $63,610
    $68,520
    -
    $4,910
    $63,610
    $68,520

    Comparable in this City

    • Value Estimation
      $215,000
      9,062 SF

      222 Coolbaugh St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,062 SF
      222 Coolbaugh St, Red Oak, IA 51566-2226
      View Details
    • Value Estimation
      $490,000
      14,742 SF

      402 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 14,742 SF
      402 3rd St, Red Oak, IA 51566-2246
      View Details
    • Value Estimation
      $430,000
      4,080 SF

      307 Reed St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,080 SF
      307 Reed St, Red Oak, IA 51566-2330
      View Details
    • Value Estimation
      $210,000
      5,015 SF

      300 Coolbaugh St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,015 SF
      300 Coolbaugh St, Red Oak, IA 51566-2297
      View Details
    • Value Estimation
      $195,000
      4,002 SF

      302 Coolbaugh St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,002 SF
      302 Coolbaugh St, Red Oak, IA 51566-2297
      View Details
    • Value Estimation
      $225,000
      2,553 SF

      405 Reed St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,553 SF
      405 Reed St, Red Oak, IA 51566-2382
      View Details

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      0.31 Acres

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      Residential land for sale in Woodland Hills Subdivision, Red Oak.
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    • New
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      Remodeled Tudor-style duplex with modern amenities, near downtown and schools.
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    Similar Nearby for Lease

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      Retail space for lease in Hy-Vee anchored shopping center.
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      Commercial space for lease in Red Oak Plaza.
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    • New
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      Red Oak Shared Office Space

      Private offices available for rent in Red Oak, Iowa.
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      View Details
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    509 3rd St
    Red Oak, IA 51566-2234
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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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