Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    129 Pne St Creston, IA 50801-2411
    Back to Search
    Property profile & analytics

    129 Pne St, Creston, IA 50801-2411

    View on Map
    • Turn key restaurants
    • 4,553 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US25-2382029
    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

    • Mario's Sports Bar & Grill / Restaurant

    Property Details for 129 Pne St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property type
    Turn key restaurants
    APN
    501484003
    APU
    501484003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 3, 2024 $190,000 John P Struhar Marios Sports Bar And Grill LLC Warranty Deed —
    Apr 11, 2019 — Marios Sports Bar — Deed · related $84k · First National Bank
    Sep 21, 2016 — Mario Galanakis — Deed · related $100k · Union State Bank
    Sep 13, 2016 $40,000 Marios Sports Bar And Grill LLC Dan Hayes Warranty Deed —

    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
    Creston
    County
    Union
    State
    Iowa
    Longitude
    -94.3611
    Latitude
    41.0583

    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
    $3,524
    $10,250
    $166,390
    $176,640
    -
    $10,250
    $166,390
    $176,640

    Comparable in this City

    • Value Estimation by Request
      4,747 SF

      1329 Hwy 34us

      RESTAURANT
      1329 Hwy 34us, Creston, IA 50801-8211
      View Details
    • Value Estimation by Request
      3,372 SF

      802 Taylor St

      RESTAURANT
      802 Taylor St, Creston, IA 50801-3534
      View Details
    • Value Estimation by Request
      3,480 SF

      119 Walnut St

      RESTAURANT
      119 Walnut St, Creston, IA 50801-2417
      View Details
    • Value Estimation by Request
      4,996 SF

      211 Pne St

      RESTAURANT
      211 Pne St, Creston, IA 50801-2413
      View Details
    • Value Estimation by Request
      520 SF

      102 Montgomery St

      RESTAURANT
      102 Montgomery St, Creston, IA 50801-2405
      View Details
    • Value Estimation by Request
      6,456 SF

      705 Cherry St

      RESTAURANT
      705 Cherry St, Creston, IA 50801-3923
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,904 SF

      Established Creston Bar & Grill

      Long-standing bar and grill in Creston, Iowa.
      108 N Elm St, Creston, IA 50801
      View Details
    • $395,000

      Remodeled Commercial Property in Creston

      Remodeled commercial property in prime location with many possibilities.
      203 W Adams St, Creston, IA 50801
      View Details
    • Contact for pricing

      Remodeled Commercial Property in Creston

      Remodeled commercial property in prime location with many possibilities.
      203 W Adams St, Creston, IA 50801
      View Details
    • $240,000
      24,000 SF

      Spacious Mixed-Use Building in Creston

      Over 24,000 sq ft mixed-use building in uptown Creston.
      218 N Pine St, Creston, IA 50801
      View Details
    • $250,000

      Commercial Land in Creston, Iowa

      Three commercial lots available at a prominent corner location.
      3 Southwest Cor Of Townline St. & N Sumner Creston IA, Creston, IA 50801
      View Details
    • $128,000
      0.28 Acres

      Charming Creston Brick Church

      Historic church, versatile space, large lot.
      820 Elm St, Creston, IA 50801
      View Details

    Property Visit Statistics

    • Visits by month
      26.1k
    • Visitors by month
      10.8k
    • Avg Time on site
      18 min
    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.
    129 Pne St
    Creston, IA 50801-2411
    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
    129 Pne St, Creston, IA, 50801
    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!