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Property profile & analytics
OFF-MARKET
Turn key restaurants
702 Lk St Ventura, IA 50482-5005
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2263410
Property summary
AI-generated overview
This exceptional 5.88-acre lakeshore property in Ventura, IA, presents a unique investment opportunity. The iconic Muskie Lounge, a turnkey restaurant and marina business, is offered at $4,500,000. The property boasts breathtaking views and prime location near McIntosh Woods State Park, making it a sportsman's paradise. The existing 40x73-foot building features a concrete floor and 200-amp service. Included in the sale are two pontoon boats, two trailers, and a dock, allowing for immediate operation of the boat slip and rental business. The restaurant equipment is included, excluding coke coolers/machines and a few personal items
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
FRAME
Total area
1,547 SF
Lot
0.08 ac (3,528 SF)
APN
51745201100
UPID
US25-2263410
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
-
Muskie Lounge Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luann R Hejlik · 8 yrs held
Luann R Hejlik
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventura submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,488
Tax year 2022
Assessed value
$454,010
Assessed 2024
Previous assessed
$454,010
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$310,770
Assessed improvement
$143,240
Land market value
$310,770
Improvement market value
$143,240
Total market value
$454,010
Applied tax rate
10,026.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
NONE
Stories
1
Total area
1,547 SF
Lot
0.08 ac (3,528 SF)
APN
51745201100
UPID
US25-2263410
Jurisdiction
CERRO GORDO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Luann R Hejlik
Individual
Free & Clear · 8 yrs held
Mailing address
704 E LK ST, VENTURA, IA 50482-5005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2017
—
Luann R Hejlik
Luann R Hejlik
Warranty Deed
related
—
Aug 23, 2017
$25,000
Luann R Hejlik
Luann R Hejlik
Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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