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    Property profile & analytics

    122 S Main St Clarion, IA 50525

    • Turn key restaurants
    • 660 SF
    • 0.12 lot acres
    For Sale
    View listing
    $250,000
    Value Estimation
    Last Sale
    Dec 18, 2023
    $275,000
    Location Intelligence
    Property ID
    US25-2282417
    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

    • Chappy's On Main / Bar & Grill

    Property Details for 122 S Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    660 SF
    Property type
    Turn key restaurants
    APN
    11-06-102-017
    APU
    1106102017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $230,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $250,000
      Mixed-Use
      $230,000
      Hospitality
      $220,000
      Educational
      $230,000
      Residential Income
      $210,000
      Energy
      $205,000
      Income-Based Land
      $205,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Clarion
    County
    Wright
    State
    Iowa
    Longitude
    -93.7332
    Latitude
    42.7309

    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
    $1,718
    $8,600
    $81,500
    $90,100
    -
    $8,600
    $81,500
    $90,100

    Comparable in this City

    • Value Estimation by Request
      3,036 SF

      1218 Central E Ave

      RESTAURANT • 3,036 SF
      1218 Central E Ave, Clarion, IA 50525-1704
      View Details
    • Value Estimation by Request
      4,004 SF

      116 Main St

      RESTAURANT • 4,004 SF
      116 Main St, Clarion, IA 50525-1416
      View Details
    • Value Estimation by Request
      5,940 SF

      115 Main St

      RESTAURANT • 5,940 SF
      115 Main St, Clarion, IA 50525-1415
      View Details
    • Value Estimation by Request
      4,158 SF

      104 Central E Ave

      RESTAURANT • 4,158 SF
      104 Central E Ave, Clarion, IA 50525-1411
      View Details
    • Value Estimation by Request
      1,980 SF

      118 Main St

      RESTAURANT • 1,980 SF
      118 Main St, Clarion, IA 50525-1438
      View Details
    • Value Estimation
      $405,000
      4,118 SF

      104 Main St

      RESTAURANT • 4,118 SF
      104 Main St, Clarion, IA 50525
      View Details

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      Commercial Property in Clarion, Iowa

      Commercial property for sale in Clarion, Iowa. Business zoning.
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    Clarion, IA 50525
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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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