Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 E Main St Coggon, IA 52218
    Property profile & analytics

    115 E Main St Coggon, IA 52218

    View on Map
    • Turn key restaurants
    • 3,008 SF
    • 0.12 lot acres
    For Sale
    $110,000
    View Listing →
    Turn-Key Bar Restaurant on Main For Sale
    $110,000
    3,008 SF

    Turn-Key Bar Restaurant on Main

    Ready-to-operate bar and restaurant on Main Street in Coggon.

    115 E Main St, Coggon, IA 52218
    View Listing
    Property ID
    US25-0054669
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tequila Jalisco Bar & Grill / Restaurant
    • Hot Zone / Restaurant

    Property Details for 115 E Main St

    Year built
    1978
    Lot size
    0.12 lot acres
    Property size
    3,008 SF
    Property type
    Turn key restaurants
    APN
    02-10-2-07-004-0-0000
    APU
    21020700400000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coggon
    County
    Linn
    State
    Iowa
    Longitude
    -91.5313
    Latitude
    42.2808
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,974
    $12,200
    $101,100
    $113,300
    -
    $12,200
    $101,100
    $113,300

    Comparable in this City

    • Value Estimation by Request
      2,690 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,690 SF
      202 Main St, Coggon, IA 52218-4700
      View Details
    • Value Estimation by Request
      960 SF

      101 Main St

      BARBER, HAIR SALON • 960 SF
      101 Main St, Coggon, IA 52218-9314
      View Details
    • Value Estimation by Request
      3,465 SF

      5110 Hwy 13

      CONVENIENCE STORE • 3,465 SF
      5110 Hwy 13, Coggon, IA 52218-9301
      View Details
    • Value Estimation by Request
      1,480 SF

      5916 Troy Mls Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,480 SF
      5916 Troy Mls Rd, Coggon, IA 52218
      View Details
    • Value Estimation by Request
      7,400 SF

      924 3rd S St

      RETAIL STORES (PERSONAL SERVICES) • 7,400 SF
      924 3rd S St, Coggon, IA 52218-9703
      View Details
    • Value Estimation by Request
      2,256 SF

      5913 Troy Mls Rd

      CONVENIENCE STORE • 2,256 SF
      5913 Troy Mls Rd, Coggon, IA 52218
      View Details

    Similar Nearby for Sale

    • $110,000
      3,008 SF

      Turn-Key Bar Restaurant on Main

      Ready-to-operate bar and restaurant on Main Street in Coggon.
      115 E Main St, Coggon, IA 52218
      View Details
    • $110,000

      Turn-Key Bar Restaurant Opportunity

      Bar and restaurant with equipped kitchen and dining area.
      115 E Main St, Coggon, IA 52218
      View Details
    • Contact for pricing
      3,787 SF

      Turn-Key Convenience Store For Sale

      Fully operational convenience store with deli kitchen in Troy Mills.
      5913 Troy Mills Rd, Coggon, IA 52218
      View Details
    • $115,000
      2.00 Acres

      Land with White Pine Trees

      Two-acre land parcel with planted trees and utilities access.
      3338 Troy Ml Blvd, Coggon, IA 52218
      View Details
    • $449,000
      2.91 Acres

      Coggon IA Warehouse & Storage

      Prime Commercial Property: High-Income Potential
      620 3Rd St, Coggon, IA 52218
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 E Main St
    Coggon, IA 52218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    115 E Main St, Coggon, IA, 52218
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!