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    Property profile & analytics

    116 Franklin St, Unit 118 Manchester, IA 52057-1541

    • Turn key restaurants
    • 5,919 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Last Sale
    Mar 03, 2022
    $264,000
    Location Intelligence
    Property ID
    US25-0644580
    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

    • Turn key restaurants

    Property Details for 116 Franklin St

    Year built
    1900
    Lot size
    0.10 lot acres
    Property size
    5,919 SF
    Property type
    Turn key restaurants
    APN
    631293400700
    APU
    631293400700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $310,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $380,000
      Mixed-Use
      $340,000
      Hospitality
      $320,000
      Educational
      $275,000
      Residential Income
      $290,000
      Energy
      $355,000
      Income-Based Land
      $285,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Delaware
    State
    Iowa
    Longitude
    -91.4583
    Latitude
    42.4847

    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
    2023
    $6,030
    $8,800
    $306,600
    $315,400
    -
    $8,800
    $306,600
    $315,400

    Comparable in this City

    • Value Estimation
      $295,000
      3,450 SF

      210 Franklin St

      RESTAURANT • 3,450 SF
      210 Franklin St, Manchester, IA 52057-2130
      View Details
    • Value Estimation
      $315,000
      7,515 SF

      110 Main St

      RESTAURANT • 7,515 SF
      110 Main St, Manchester, IA 52057-1534
      View Details
    • Value Estimation by Request
      4,216 SF

      1100 Main St

      RESTAURANT • 4,216 SF
      1100 Main St, Manchester, IA 52057-2300
      View Details
    • Value Estimation
      $435,000
      6,941 SF

      205 12th St

      RESTAURANT • 6,941 SF
      205 12th St, Manchester, IA 52057-2306
      View Details
    • Value Estimation
      $80,000
      4,509 SF

      112 Madison St

      RESTAURANT • 4,509 SF
      112 Madison St, Manchester, IA 52057-1715
      View Details
    • Value Estimation
      $100,000
      2,750 SF

      101 Franklin St

      RESTAURANT • 2,750 SF
      101 Franklin St, Manchester, IA 52057-2132
      View Details

    Similar Nearby for Sale

    • $500,000
      0.39 Acres

      Downtown Manchester Retail Gem

      Historic building, high visibility, versatile space.
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      View Details
    • Contact for pricing

      Prime Manchester Retail Space

      High-traffic location, ideal for retail business.
      953 Main St, Manchester, IA 52057
      View Details
    • $1,300,000
      11,574 SF

      Prime Manchester Hotel Investment

      43-Room Hotel, Interstate Access, High Traffic
      1220 Marion St, Manchester, IA 52057
      View Details
    • $489,900
      14,850 SF

      Historic Manchester Retail Opportunity

      Versatile commercial space in downtown Manchester with high visibility.
      107 S Franklin St, Manchester, IA 52057
      View Details
    • $450,000
      2.87 Acres

      Commercial Lots in Manchester, Iowa

      2.87 acres of commercial land ready for development.
      1 Oakview, Manchester, IA 52057
      View Details
    • $199,000
      Pending

      Acreage with Trout Stream

      Acreage with a trout stream near downtown Manchester, Iowa.
      2344 Jefferson Rd, Manchester, IA 52057
      View Details
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    Manchester, IA 52057-1541
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    Realmo Value Estimation

    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.

    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.

    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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