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    Property profile & analytics

    10 Plz Dr Clear Lake, IA 50428-2031

    • Drive through restaurants
    • 2,580 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimation
    $820,000
    Last Sale
    Mar 21, 2023
    $930,000
    Location Intelligence
    Property ID
    US25-0564756
    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

    • Elite Lawn Care & Maintenance of Clear Lake / Lawn Care Service

    Property Details for 10 Plz Dr

    Year built
    1987
    Lot size
    1.18 lot acres
    Property size
    2,580 SF
    Property type
    Drive through restaurants
    APN
    60743000700
    APU
    60743000700

    Description

    This freestanding, single-tenant retail/restaurant building offers 2,580 square feet of space on a 1.18-acre lot in Clear Lake, Iowa. Built in 1987, the one-story building is situated at 10 Plaza Drive, offering excellent visibility and convenient access directly off US-18, a major thoroughfare boasting an average daily traffic count of 7,200 vehicles. The property features a drive-thru lane and ample parking for over 30 vehicles. The entire 2,580 square feet is currently vacant and ready for immediate occupancy. Its location near the intersection of US-18 and I-35 provides exceptional exposure to a high volume of traffic. The property's size and features make it ideal for a variety of restaurant or retail concepts seeking a prominent location in a thriving community. The building is a single-story structure with no elevators. This presents a unique opportunity for businesses looking to establish or expand their presence in Clear Lake, Iowa. The property's high visibility, convenient access, and ample parking make it an attractive option for potential tenants.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $745,000

    • CAP approach

      CAP return
      Estimation
      6%
      $885,000
      6.5%
      $920,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $915,000
      Geo Method
      $885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $835,000
      Retail
      $850,000
      Mixed-Use
      $820,000
      Hospitality
      $1,020,000
      Educational
      $885,000
      Residential Income
      $915,000
      Energy
      $990,000
      Income-Based Land
      $735,000
      Food Service
      $1,015,000

    Location Insight

    • Map
    • Local Demand
    City
    Clear Lake
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.3615
    Latitude
    43.1462
    CBSA code
    32380
    CBSA name
    MASON CITY, IA MICROPOLITAN 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
    2022
    $16,636
    $218,000
    $675,650
    $893,650
    -
    $218,000
    $675,650
    $893,650

    Comparable in this City

    • Value Estimation by Request
      5,313 SF

      1302 24th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,313 SF
      1302 24th St, Clear Lake, IA 50428-2098
      View Details
    • Value Estimation
      $690,000
      2,972 SF

      1212 24th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,972 SF
      1212 24th St, Clear Lake, IA 50428-2165
      View Details
    • Value Estimation
      $215,000
      1,194 SF

      910 Us Hwy 18th E

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,194 SF
      910 Us Hwy 18th E, Clear Lake, IA 50428-1443
      View Details
    • Value Estimation by Request
      5,150 SF

      2 Plz Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,150 SF
      2 Plz Dr, Clear Lake, IA 50428-2031
      View Details
    • Value Estimation by Request
      13,362 SF

      2411 Us Hwy 18th E

      DRIVE-THRU RESTAURANT, FAST FOOD • 13,362 SF
      2411 Us Hwy 18th E, Clear Lake, IA 50428-2057
      View Details
    • Value Estimation by Request
      3,830 SF

      1204 25th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,830 SF
      1204 25th St, Clear Lake, IA 50428-2091
      View Details

    Similar Nearby for Sale

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    • $1,050,000
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    10 Plz Dr
    Clear Lake, IA 50428-2031
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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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