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Property profile & analytics
OFF-MARKET
Bars & Pubs
104 Weimer St Ventura, IA 50482-5035
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0617859
Property summary
AI-generated overview
This exceptional commercial property at 104 N Weimer Street, Ventura, IA, presents a rare investment opportunity. Priced at $339,500, this 0.14-acre lot houses a fully equipped restaurant and bar, uniquely combined with separate living quarters. The residential space boasts four bedrooms and three bathrooms, offering significant versatility. The property's potential is vast
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1920
Construction
FRAME
Total area
10,562 SF
Lot
0.14 ac (5,924 SF)
APN
51847801000
UPID
US25-0617859
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
-
Lone Oak Bar & Grill Bar & Pub
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
River William Sigrest · 2 yrs held
River William Sigrest
since 2024
Last sale
$120,000
6 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
$1,522
Tax year 2022
Assessed value
$197,650
Assessed 2024
Previous assessed
$197,650
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$14,850
Assessed improvement
$182,800
Land market value
$14,850
Improvement market value
$182,800
Total market value
$197,650
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Stories
2
Total area
10,562 SF
Lot
0.14 ac (5,924 SF)
APN
51847801000
UPID
US25-0617859
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
1920
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
River William Sigrest
Individual
Mailing address
104 N WEIMER ST, VENTURA, IA 50482-5035
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
$120,000
River William Sigrest
Gary L Kaiser
Warranty Deed
$108,000 · Clear Lake Bank And Trust Co
Jun 3, 2021
$60,000
Bryan E Groves
Cristine L Ayers
Warranty Deed
—
Jun 3, 2021
$30,000
Gary L Kaiser
Bryan E Groves
Warranty Deed
—
May 21, 2021
$83,000
Gary L Kaiser
Halfadozen LLC
Warranty Deed
—
Dec 17, 2020
—
Halfdozen LLC
Hp Properties LLC
Warranty Deed
—
Nov 9, 2016
—
James Prince
—
Deed
related
$50,000 · Cent Credit Union
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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