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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1914 Edgington Ave Eldora, IA 50627

    • Drive through restaurants
    • 3,280 SF
    • 0.46 lot acres
    For Sale
    View listing
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1628722
    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

    • Pizza Ranch / Chicken Restaurant / Delivery Restaurant

    Property Details for 1914 Edgington Ave

    Year built
    1983
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    3,280 SF
    Property type
    Drive through restaurants
    APN
    871907254009
    APU
    871907254009

    Description

    This exceptional 3,280 square foot retail building presents a remarkable opportunity for entrepreneurs in Eldora, Iowa. Located at 1914 Edgington Avenue, this property sits on a 0.46-acre lot and offers a large, dedicated parking area for customer convenience. Previously occupied by a restaurant, the building boasts a flexible interior layout, providing a blank canvas for customization to suit a variety of business needs. Its prime location ensures high visibility and significant foot traffic, making it an ideal space for restaurants, cafes, or other retail establishments seeking a thriving community setting. The property's expansive size allows for ample room for operations and potential expansion. All interior contents will be auctioned separately at a later date, presenting a unique chance to acquire valuable assets. This turnkey property is ready for immediate occupancy and offers a strong foundation for a successful business venture in a growing market. The asking price for this exceptional opportunity is $265,000. Don't miss this chance to establish your business in this desirable Eldora location.

    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
    Eldora
    County
    Hardin
    State
    Iowa
    Longitude
    -93.1076
    Latitude
    42.3608

    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
    $325
    $22,570
    $314,100
    $336,670
    -
    $22,570
    $314,100
    $336,670

    Comparable in this City

    • Value Estimation
      $660,000
      7,200 SF

      30473 260th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 7,200 SF
      30473 260th St, Eldora, IA 50627-8294
      View Details
    • Value Estimation by Request
      2,804 SF

      709 Edgington Ave

      RESTAURANT • 2,804 SF
      709 Edgington Ave, Eldora, IA 50627-1815
      View Details
    • Value Estimation by Request
      2,160 SF

      1202 19th St

      RESTAURANT • 2,160 SF
      1202 19th St, Eldora, IA 50627-1152
      View Details
    • Value Estimation by Request
      3,300 SF

      1226 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 3,300 SF
      1226 Washington St, Eldora, IA 50627-1630
      View Details
    • Value Estimation
      $515,000
      10,000 SF

      2206 Washington St

      AUTO REPAIR, GARAGE • 10,000 SF
      2206 Washington St, Eldora, IA 50627-1918
      View Details
    • Value Estimation by Request
      2,713 SF

      1342 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 2,713 SF
      1342 Washington St, Eldora, IA 50627-1631
      View Details

    Similar Nearby for Sale

    • $225,000

      Turnkey Restaurant Property on Edgington

      Move-in ready restaurant or retail space in high-traffic location.
      1914 Edgington Ave, Eldora, IA 50627
      View Details
    • $225,000
      0.46 Acres

      Turnkey Restaurant on High-Traffic Avenue

      Ready-to-operate restaurant or redevelopment opportunity in Eldora, Iowa.
      1914 Edgington Ave, Eldora, IA 50627
      View Details
    • $675,000
      8,320 SF

      Eldora, IA Retail Investment Opportunity

      High-Yield Convenience Store, Iowa
      1212 24Th St, Eldora, IA 50627
      View Details
    • $119,900
      0.52 Acres

      Versatile Commercial Building in Eldora

      Spacious commercial building with garage, multi-use space, and apartment.
      2217 Edgington Ave, Eldora, IA 50627
      View Details
    • $119,900
      0.52 Acres

      Versatile Commercial Building in Eldora

      Spacious commercial building with garage space and upstairs apartment.
      2217 Edgington Ave, Eldora, IA 50627
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    • Contact for pricing
      2.75 Acres

      Eldora, IA Residential Building Lots

      Eight prime lots, build your dream home!
      0 Dole Dr, Eldora, IA 50627
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    Similar Nearby for Lease

    • $500 /Mo

      Remodeled Commercial Space on Main

      Versatile, remodeled commercial space on main street with parking.
      1254 Edgington Ave, Eldora, IA 50627
      View Details
    • $500 /Mo
      2,614 SF

      Remodeled Commercial Space on Main

      Remodeled commercial space with kitchenettes, parking, and prime location.
      1254 Edgington Ave, Eldora, IA 50627
      View Details
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    1914 Edgington Ave
    Eldora, IA 50627
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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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