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    Property profile & analytics

    116 5th St Tipton, IA 52772-1731

    • Retail space
    • 3,750 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0463533
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 116 5th St

    Year built
    1888
    Lot size
    0.07 lot acres
    Property size
    3,750 SF
    Property type
    Retail space
    APN
    48011061080150
    APU
    48011061080150

    Description

    This exceptional investment opportunity in Tipton, Iowa, presents a unique blend of commercial and residential space. Located at 116 W 5TH Street, this property, built in 1950, offers a prime location in the heart of the city. The building includes a ground-floor commercial space ideal for a restaurant or similar business, perfectly complemented by a fully renovated one-bedroom apartment on the upper level. This apartment, boasting upgraded cabinets and stunning quartz countertops, provides additional income potential through leasing or use by the business owner. A small rear deck adds to the apartment's appeal. Both the upstairs and downstairs have undergone a complete renovation, including new electrical, plumbing, sewer, and water lines. Modern conveniences are readily available, with several fiber optic internet/cable options. The alley-side of the building features a striking full-size mural by a local artist, showcasing Tipton's history and adding to the property's character. The alley itself was recently paved by the city in April 2024. The property also includes a security system with cameras, audio, panic mode, and video surveillance, enhancing safety and security. The asking price for this turnkey operation is $175,000. This property is zoned for commercial and restaurant use and presents a strong return on investment. Don't miss this chance to own a piece of Tipton's vibrant downtown.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tipton
    County
    Cedar
    State
    Iowa
    Longitude
    -91.1277
    Latitude
    41.7703

    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
    $1,566
    $6,600
    $95,320
    $101,920
    -
    $6,600
    $95,320
    $101,920

    Comparable in this City

    • Value Estimation by Request
      13,372 SF

      515 Cedar St

      RETAIL STORES (PERSONAL SERVICES) • 13,372 SF
      515 Cedar St, Tipton, IA 52772-1738
      View Details
    • Value Estimation by Request
      3,072 SF

      403 Cedar St

      RETAIL STORES (PERSONAL SERVICES) • 3,072 SF
      403 Cedar St, Tipton, IA 52772-1730
      View Details
    • Value Estimation by Request
      1,161 SF

      112 5th St

      RETAIL STORES (PERSONAL SERVICES) • 1,161 SF
      112 5th St, Tipton, IA 52772-1728
      View Details
    • Value Estimation by Request
      12,960 SF

      511 Cedar St

      RETAIL STORES (PERSONAL SERVICES) • 12,960 SF
      511 Cedar St, Tipton, IA 52772-1738
      View Details
    • Value Estimation by Request
      8,000 SF

      1510 Cedar St

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      1510 Cedar St, Tipton, IA 52772-1127
      View Details
    • Value Estimation
      $1,490,000
      37,152 SF

      1128 Hwy 38

      RETAIL STORES (PERSONAL SERVICES) • 37,152 SF
      1128 Hwy 38, Tipton, IA 52772-9400
      View Details

    Similar Nearby for Sale

    • $45,900
      0.03 Acres

      Retail Space with Apartment

      Retail space with apartment in high-traffic Tipton location.
      518 Cedar St, Tipton, IA 52772
      View Details
    • $499,000
      8,000 SF

      Former Dollar General on Highway

      8,000 SF retail space on 1.52 acres.
      1510 Cedar St, Tipton, IA 52772
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    • $45,900
      2,144 SF

      Tipton Mixed-Use Investment Opportunity

      Mixed-use property in Tipton, Iowa, with retail and residential potential.
      518 Cedar St, Tipton, IA 52772
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    • $475,000
      6,300 SF

      Prime Tipton Retail Space

      6,300 SF Former Bank - $475,000
      102 5Th St, Tipton, IA 52772
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    • $345,000
      1.19 Acres

      Tipton Commercial Opportunity For Sale

      Operating business with land, building, and equipment for sale.
      605 E 7Th St, Tipton, IA 52772
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    • $49,900
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      Tipton Retail/Residential Opportunity

      Former restaurant with apartments in high-traffic location.
      312 Cedar St, Tipton, IA 52772
      View Details
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    116 5th St
    Tipton, IA 52772-1731
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    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
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