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    Property profile & analytics

    202 Main St Wayland, IA 52654-7620

    • Turn key restaurants
    • 6,321 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $35,000
    Last Sale
    Apr 17, 2020
    $47,500
    Location Intelligence
    Property ID
    US25-1369694
    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

    • Bar / Bar

    Property Details for 202 Main St

    Year built
    1895
    Lot size
    0.12 lot acres
    Property size
    6,321 SF
    Property type
    Turn key restaurants
    APN
    280010923001300
    APU
    280010923001300

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wayland
    County
    Henry
    State
    Iowa
    Longitude
    -91.6609
    Latitude
    41.1474

    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
    $1,088
    $8,640
    $59,230
    $67,870
    -
    $8,640
    $59,230
    $67,870

    Comparable in this City

    • Value Estimation
      $225,000
      3,026 SF

      202 Hwy 78

      RESTAURANT • 3,026 SF
      202 Hwy 78, Wayland, IA 52654-9763
      View Details
    • Value Estimation by Request
      960 SF

      225 Main St

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      225 Main St, Wayland, IA 52654
      View Details
    • Value Estimation by Request
      1,303 SF

      214 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,303 SF
      214 Main St, Wayland, IA 52654-7615
      View Details
    • Value Estimation
      $190,000
      2,970 SF

      201 Main St

      FINANCIAL BUILDING • 2,970 SF
      201 Main St, Wayland, IA 52654-7606
      View Details
    • Value Estimation by Request
      4,032 SF

      3134 Wayland Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,032 SF
      3134 Wayland Rd, Wayland, IA 52654-9438
      View Details
    • Value Estimation
      $1,230,000
      9,164 SF

      1368 Hwy 78

      RETAIL STORES (PERSONAL SERVICES) • 9,164 SF
      1368 Hwy 78, Wayland, IA 52654-9501
      View Details
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    202 Main St
    Wayland, IA 52654-7620
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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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