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    Property profile & analytics

    62 1st NW St Britt, IA 50423-1641

    • Individual retail properties
    • 720 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 15, 2021
    $15,000
    Location Intelligence
    Property ID
    US25-2112965
    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

    • Individual retail properties

    Property Details for 62 1st NW St

    Year built
    1947
    Lot size
    0.06 lot acres
    Property size
    720 SF
    Property type
    Individual retail properties
    APN
    2201110141
    APU
    2201110141

    Description

    This attractive commercial building, located at 62 1st Street NW in Britt, Iowa, presents a fantastic opportunity for a variety of businesses. Priced at $65,000, this property offers significant potential for retail or other commercial ventures. The building sits on a 0.06-acre lot, conveniently situated about half a block from Main Street, ensuring high visibility and accessibility. Previously used as a beauty salon, the interior has been extensively remodeled in 2011, resulting in a modern and well-maintained space ready for immediate occupancy. The square footage is not currently specified, but the building's layout is adaptable to suit a range of business needs. Its updated condition and prime location make it an ideal investment for entrepreneurs seeking a turn-key commercial property in a thriving community. The building's recent renovations offer significant cost savings for prospective buyers, eliminating the need for extensive upgrades or repairs. This property is ready for immediate use and represents an excellent value in the Britt commercial real estate market. Serious inquiries are encouraged to explore this promising opportunity. Contact us today to schedule a viewing.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Britt
    County
    Hancock
    State
    Iowa
    Longitude
    -93.8026
    Latitude
    43.0979

    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
    2022
    $556
    $4,950
    $28,610
    $33,560
    -
    $4,950
    $28,610
    $33,560

    Comparable in this City

    • Value Estimation by Request
      1,350 SF

      42 Ctr W St

      BARBER, HAIR SALON • 1,350 SF
      42 Ctr W St, Britt, IA 50423-1655
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    • Value Estimation by Request
      1,067 SF

      71 Main N Ave

      BARBER, HAIR SALON • 1,067 SF
      71 Main N Ave, Britt, IA 50423-1658
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      1,329 SF

      65 Main N Ave

      BARBER, HAIR SALON • 1,329 SF
      65 Main N Ave, Britt, IA 50423-1658
      View Details
    • Value Estimation by Request
      820 SF

      45 Main N Ave

      BARBER, HAIR SALON • 820 SF
      45 Main N Ave, Britt, IA 50423-1658
      View Details
    • Value Estimation by Request
      920 SF

      63 Main S Ave

      BARBER, HAIR SALON • 920 SF
      63 Main S Ave, Britt, IA 50423-1664
      View Details
    • Value Estimation by Request
      2,107 SF

      7 Main N Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,107 SF
      7 Main N Ave, Britt, IA 50423-1658
      View Details

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    Britt, IA 50423-1641
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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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