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Property profile & analytics
OFF-MARKET
Turn key restaurants
113 4th St Neola, IA 51559-3126
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0013071
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Total area
1,584 SF
Lot
0.21 ac (9,148 SF)
APN
7742 24 464 008
UPID
US25-0013071
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
-
Buck Snort Restaurant
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
Cbs LLC · 12 yrs held
Cbs LLC
since 2013
7 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 Neola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neola 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,620
Tax year 2023
Assessed value
$150,500
Assessed 2024
Previous assessed
$150,500
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$14,000
Assessed improvement
$136,500
Land market value
$14,000
Improvement market value
$136,500
Total market value
$150,500
Applied tax rate
65.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
1,584 SF
Lot
0.21 ac (9,148 SF)
APN
7742 24 464 008
UPID
US25-0013071
Jurisdiction
POTTAWATTAMIE
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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Cbs LLC
Entity
Mailing address
203 4TH ST, NEOLA, IA 51559-3089
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Cbs LLC
—
Deed
related
$70,100 · Ts Bank - Council Bluffs
Oct 18, 2022
—
Cbs LLC
—
Deed
related
$80,309 · Ts Bank
May 10, 2018
—
Cbs LLC
—
Deed
related
$380,660 · United Bk/ia
May 3, 2018
—
Cbs LLC
—
Deed
related
$38,066 · United Bk/ia
Nov 13, 2013
$93,000
Cbs LLC
Dkb LLC
Warranty Deed
$62,500 · Farmers & Merchants State Bank
Sep 20, 2013
—
Dkb LLC
Dorr,bryan A & Casie I
Quit Claim Deed
related
—
Mar 15, 2010
$38,000
Bryan A Dorr
Farmers & Merchants State Bank Of N
Corporation Deed
$30,400 · Farmers & Merchants State Bank
Mar 2, 2009
$67,479
Farmers St. Bk
Sheriff Of Pottawattamie County
Trustees Deed
related
—
—
—
Cbs LLC
—
Deed Of Trust
related
$60,000 · Nishnabotna Valley Rural Elec
—
—
Cbs LLC
—
Deed Of Trust
related
$380,660 · United Bk/ia
—
—
Cbs LLC
—
Deed Of Trust
related
$38,066 · United Bk/ia
—
—
Gregory A Roseland
—
Deed Of Trust
related
$62,750 · Farmers & Merchants State 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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