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    Property profile & analytics

    118 Central Ave Allerton, IA 50008-7726

    • Bars
    • 1,402 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 20, 2023
    $35,000
    Location Intelligence
    Property ID
    US25-1556884
    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

    • Bars

    Property Details for 118 Central Ave

    Year built
    1900
    Lot size
    0.07 lot acres
    Property size
    1,402 SF
    Property type
    Bars
    APN
    10100D237015
    APU
    10100D237015

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Allerton
    County
    Wayne
    State
    Iowa
    Longitude
    -93.3656
    Latitude
    40.7072

    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
    $735
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,360 SF

      Central Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,360 SF
      Central Ave, Allerton, IA 50008
      View Details
    • Value Estimation by Request
      1,689 SF

      116 Central Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,689 SF
      116 Central Ave, Allerton, IA 50008-7726
      View Details
    • Value Estimation
      $325,000
      1,080 SF

      208 Central Ave

      RESTAURANT • 1,080 SF
      208 Central Ave, Allerton, IA 50008
      View Details
    • Value Estimation by Request
      1,200 SF

      Central

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      Central, Allerton, IA 50008
      View Details
    • Value Estimation by Request
      1,380 SF

      206 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,380 SF
      206 Central Ave, Allerton, IA 50008-9760
      View Details
    • Value Estimation
      $190,000
      4,240 SF

      220 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,240 SF
      220 Central Ave, Allerton, IA 50008-7725
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Iowa Farm Land Auction

      116.36 acre farm near Allerton, Iowa. Available in 2026.
      S26 County Hwy, Allerton, IA 50008
      View Details
    • Contact for pricing
      Pending

      Farmland Auction Near Allerton, Iowa

      116.36 acre farm auction in Wayne County, Iowa.
      S26 County Hwy, Allerton, IA 50008
      View Details
    • Contact for pricing
      Pending

      Farmland Auction Near Allerton, Iowa

      116.36 acre Wayne County farm available via public auction.
      S26 Hbr, Allerton, IA 50008
      View Details
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    118 Central Ave
    Allerton, IA 50008-7726
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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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