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Property profile

202 11th St Sw Plz Spencer, IA 51301

OFF-MARKET
Turn key restaurants
Property ID
US25-1076810
5,438 SF 0.9 ac lot Built 1979
Last sale Oct 2022 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property totals 5,438 square feet and includes a 3,232-square-foot, one-story fast-food restaurant constructed with brick on block; restaurant equipment is included. The site also has a 1,056-square-foot playground building constructed in 1998 and a 1,150-square-foot office space. Parking is provided via an asphalt parking area with 57 spaces.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value · 2024$519k
Assessed land$187k
Assessed improvement$332k
Effective rate2.58%

Value estimate

· Oct 2026
$425k
$383k – $468k
AI approach$335k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2 HIGHWAY COMMERCIAL
JurisdictionCLAY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.9
Realty agency14.2
Law Firm13.3

Location

202 11th St Sw Plz Spencer, IA 51301-5814
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10 3rd, Spencer, IA 51301-4132 $130,000 Oct 2024 6,600 SF
416 Grand, Spencer, IA 51301-4037 $220,000 Mar 2024 4,250 SF
417 Grand, Spencer, IA 51301-4026 $145,000 Feb 2024 5,000 SF
510 Grand, Spencer, IA 51301 $130,000 Oct 2023 5,538 SF
1721 1st W, Spencer, IA 51301-3438 $250,000 Jun 2022 4,080 SF
603 Grand, Spencer, IA 51301-5350 $650,000 Apr 2021 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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