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    Turnkey Restaurant and Bar with Two Buildings Title is generated by Realmo AI

    212 RIVER AVE S, Belmond, IA 50421

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    Own a fully equipped restaurant and bar with neighboring building for added storage or office flexibility.

    Type:Retail, Mixed Use
    Property size:
    3,301 SF
    Price / SF:
    $113/SF
    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 3:21 am

    Property Features for 212 RIVER AVE S

    General Information

    Standard status
    Active
    Size
    3,301 SF
    Property subtype
    Retail, Mixed Use

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    Kyle Freeman
    Kyle Freeman

    Listing agent Kyle Freeman License #S67396000

    Listing office Toggle Space

    Listing date May 28, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Toggle Space

    HighLights

    • Turnkey restaurant and bar operation at 212 River Ave S, Belmond, IA
    • Included with the sale: all furniture, bar fixtures, kitchen equipment, and bar equipment
    • Sale includes the neighboring property at 214 River Ave S
    • Additional building space at 214 River Ave S for storage and office space, with expansion or other uses

    Overview

    This sale offers a well-maintained, turnkey restaurant and bar operation designed for immediate continuity. The property includes the furniture, bar fixtures, kitchen equipment, and bar equipment necessary to run the concept with minimal transition.

    The main building is located at 212 River Ave S in Belmond, Iowa, and the transaction also includes the neighboring property at 214 River Ave S. That additional building provides extra on-site space that could support storage, an office, or other layout-driven needs depending on how the operator plans to use it.

    For an owner-user, the included furnishings and equipment can help streamline the move-in process and reduce the time typically required to assemble an operating hospitality setup. For an investor, the package includes two buildings with a fully equipped hospitality offering, with the second property potentially serving operational needs or supporting alternate plans such as redevelopment.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belmond
    County
    Wright
    State
    Iowa
    Longitude
    -93.6169136
    Latitude
    42.8444112

    Nearby Similar for Sale

    • $400,000

      Belmond Restaurant and Event Venue

      Restaurant and event venue with golf course views in Belmond.
      2908 140th Street, Belmond, IA 50421
      View Details
    • $390,000
      12,168 SF

      Renovated Event Center on Main

      Turn-key event venue with bookings through winter 2026.
      403 E Main St, Belmond, IA 50421
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Own a fully equipped restaurant and bar with neighboring building for added storage or office flexibility.
    Where is this conventional restaurant located?
    The property is located at 212 RIVER AVE S Belmond, IA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Turnkey restaurant and bar operation at 212 River Ave S, Belmond, IA; Included with the sale: all furniture, bar fixtures, kitchen equipment, and bar equipment; Sale includes the neighboring property at 214 River Ave S
    (515) 513-6994 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Freeman
    Kyle Freeman
    Real Estate License ID: S67396000
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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