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    Property profile & analytics

    948 Locust St Glenwood, IA 51534-1834

    • Turn key restaurants
    • 1,926 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Location Intelligence
    Property ID
    US25-2242533
    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

    • Subway / Restaurant / Sandwich Shop

    Property Details for 948 Locust St

    Year built
    2014
    Lot size
    0.33 lot acres
    Property size
    1,926 SF
    Property type
    Turn key restaurants
    APN
    65400030000000
    APU
    65400030000000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood
    County
    Mills
    State
    Iowa
    Longitude
    -95.7476
    Latitude
    41.0381
    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
    $7,100
    $32,400
    $246,076
    $278,476
    -
    $32,400
    $246,076
    $278,476

    Comparable in this City

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      430 1st St

      RESTAURANT • 3,042 SF
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    • Value Estimation
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      612 Locust St

      RESTAURANT • 2,160 SF
      612 Locust St, Glenwood, IA 51534-1831
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    • Value Estimation
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      2,100 SF

      111 Sharp St

      RESTAURANT • 2,100 SF
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      204 Sharp St

      RESTAURANT • 1,800 SF
      204 Sharp St, Glenwood, IA 51534-1759
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    • Value Estimation
      $435,000
      7,200 SF

      57910 Hilman Rd

      RESTAURANT • 7,200 SF
      57910 Hilman Rd, Glenwood, IA 51534-5139
      View Details

    Similar Nearby for Sale

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    • $1,599,000
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      Retail Property in Glenwood, Iowa

      Retail property with high visibility and strong co-tenants.
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      Glenwood, Iowa Vacant Land

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    Property Visit Statistics

    • Visits by month
      6.3k
    • Visitors by month
      4.0k
    • Avg Time on site
      17 min
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    Glenwood, IA 51534-1834
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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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