Financial
Distress signals
Property profile

10 Plz Dr Clear Lake, IA 50428

OFF-MARKET
Drive through restaurants
Property ID
US25-0564756
2,580 SF 1.18 ac lot Built 1987
Last sale Mar 2023 · $930,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$17k
Tax billed · 2022
Assessed value · 2024$894k
Assessed land$218k
Assessed improvement$676k
Effective rate1.86%

Value estimate

· Sep 2026
$745k
$671k – $820k
AI approach$765k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$89/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$23 – $149

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCERRO GORDO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.6
Dental Office12.6
Pharmacy10.9

Location

10 Plz Dr Clear Lake, IA 50428-2031
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
444 Shr, Clear Lake, IA 50428-1373 $400,000 Sep 2024 2,964 SF
904 8th, Clear Lake, IA 50428-1412 $375,000 Oct 2023 2,088 SF
313 8th, Clear Lake, IA 50428-1716 $295,000 Jul 2022 2,400 SF
477 Shr, Clear Lake, IA 50428-1374 $280,000 Aug 2021 2,850 SF
1212 24th, Clear Lake, IA 50428-2165 $715,000 Apr 2020 2,972 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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