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Property profile & analytics
OFF-MARKET
Warehouses
112 Main St Bennett, IA 52721
Entity Owned
Free & Clear
Property ID
US25-0846991
Property summary
AI-generated overview
This 2,076 square foot commercial property, located at 112 Main St in Bennett, Iowa, is a steel building currently operating as a bar and special events center. Built in 1940, this single-story building sits on a 0.16-acre lot (50' x 140') and is zoned for commercial use. Key features include a new covered concrete patio with large barn doors opening to the interior, a concrete bar, two bathrooms, and a stage. Recent improvements (2023) include the construction of the stage and a demising wall, as well as epoxied floors. The property offers significant potential for continued operation as a bar and event venue or conversion to a private entertainment space. The sale excludes existing decor and an LP tank. The property's APN is 0370-12-16-114-010-0. The asking price is $125,000. One stall garage is also included.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Total area
2,076 SF
Lot
0.16 ac (7,013 SF)
APN
37012161140100
UPID
US25-0846991
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
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
Omwc Investments LLC
Omwc Investments LLC
since 2026
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 Bennett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bennett submarket · NOI estimate · typical band, median & reading
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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)
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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 2023Property tax & assessments
Tax year 2023
Tax billed
$778
Tax year 2023
Assessed value
$56,610
Assessed 2024
Previous assessed
$54,460
+3.9% YoY
Effective rate
1.37%
On assessed value
Assessed land
$5,310
Assessed improvement
$51,300
Land market value
$5,310
Improvement market value
$51,300
Total market value
$56,610
Applied tax rate
370.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1940
Heating
NONE
Stories
1
Total area
2,076 SF
Lot
0.16 ac (7,013 SF)
APN
37012161140100
UPID
US25-0846991
Jurisdiction
CEDAR
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
1940
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Omwc Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 5042, DAVENPORT, IA 52808-5042
Ownership since
2026
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
Apr 22, 2026
$85,500
Omwc Investments LLC
Piggott Properties LLC
Deed
—
Mar 7, 2023
—
Piggott Properties LLC
—
Deed
related
$191,250 · Blue Grass Savings Bank
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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