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Property profile & analytics
OFF-MARKET
Turn key restaurants
115 Main St Clarion, IA 50525-1415
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-1459691
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1912
Total area
5,940 SF
Lot
0.16 ac (6,952 SF)
APN
11-06-103-011
UPID
US25-1459691
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
-
Wright County Clerk of Court State Government Office
-
Wright County Courthouse County Government Office
-
Clerk of the Court Office Courthouse
-
Wright County Economic Development County Government Office Government Economic Program
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Judicial Department-Judge State Government Office
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
Karl Helgevold · 15 yrs held
Karl Helgevold
since 2010
4 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 Clarion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarion 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
$1,632
Tax year 2023
Assessed value
$94,500
Assessed 2024
Previous assessed
$85,600
+10.4% YoY
Effective rate
1.73%
On assessed value
Assessed land
$7,000
Assessed improvement
$87,500
Land market value
$7,000
Improvement market value
$87,500
Total market value
$94,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1912
Stories
1
Total area
5,940 SF
Lot
0.16 ac (6,952 SF)
APN
11-06-103-011
UPID
US25-1459691
Jurisdiction
WRIGHT
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
1912
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Karl Helgevold
Individual
Free & Clear · 15 yrs held
Mailing address
711 4TH ST NE, BELMOND, IA 50421-1534
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2017
—
Mayra M Sepulveda
—
Deed
related
$30,000 · Wcf Financial Bank
Dec 22, 2010
$14,375
Karl Helgevold
Wright Rentals LLC
Contract Sale
—
Jun 8, 2010
—
Wrights Rentals LLC
Solid Rock Investments LLC
Warranty Deed
—
Feb 21, 2006
$51,500
Wright Rentals LLC
Estate Of Gerald D Hill
Legal Action/court Order
related
$48,750 · Community National 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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