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Property profile & analytics
OFF-MARKET
Retail space
202 Main St Maquoketa, IA 52060-3036
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2358017
Property summary
AI-generated overview
This exceptional business opportunity presents a fully operational restaurant located at 202 S Main St, Maquoketa, Iowa, 52060. The property, known as Copper Cardinal, encompasses 5,172 square feet within a single building, zoned for commercial use. The asking price is $235,000. Situated in a high-traffic area of downtown Maquoketa, this established restaurant benefits from excellent visibility and accessibility for both local residents and tourists. The current setup includes a modern kitchen equipped for immediate operation and ample dining space, designed to create an upbeat and inviting atmosphere. The diverse menu caters to a wide range of tastes, providing a solid foundation for continued success. Opportunities exist for expansion through menu additions, catering services, or extended operating hours. This turnkey operation is ready for a new owner to step in and continue its success. The property is located in Jackson County, Iowa and has a commercial zoning permit.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1896
Total area
9,568 SF
Lot
0.16 ac (7,056 SF)
APN
145172443204000
UPID
US25-2358017
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harper Assets LLC · 7 yrs held
Harper Assets LLC
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Maquoketa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maquoketa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,942
Tax year 2023
Assessed value
$388,000
Assessed 2024
Previous assessed
$315,300
+23.1% YoY
Effective rate
1.53%
On assessed value
Assessed land
$26,800
Assessed improvement
$361,200
Land market value
$26,800
Improvement market value
$361,200
Total market value
$388,000
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1896
Stories
2
Total area
9,568 SF
Lot
0.16 ac (7,056 SF)
APN
145172443204000
UPID
US25-2358017
Jurisdiction
JACKSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1896
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Harper Assets LLC
Entity
Mailing address
2150 HOLW VW DR, BETTENDORF, IA 52722-3936
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2019
—
Harper Assets LLC
—
Deed
related
$165,267 · Maquoketa State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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