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    Property profile & analytics

    203 Main St Drakesville, IA 52552-9794

    • Grocery and convenience stores
    • 2,520 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Location Intelligence
    Property ID
    US25-1609644
    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

    • Grocery and convenience stores

    Property Details for 203 Main St

    Year built
    1999
    Lot size
    0.56 lot acres
    Property size
    2,520 SF
    Property type
    Grocery and convenience stores
    APN
    3022710
    APU
    3022710

    Description

    This thriving convenience store and fuel station, established in 1999, presents a unique investment opportunity in Drakesville, Iowa. Strategically located at the intersection of Main Street and Washington Street, the property benefits from significant traffic flow, experiencing a notable increase during the peak summer months. The building encompasses 2,520 square feet, thoughtfully designed to accommodate both retail and kitchen operations. A spacious seating area provides ample space for dine-in customers, enhancing the overall customer experience. Three fuel dispensers offer a variety of options, including unleaded, super unleaded, off-road diesel, and diesel fuel, catering to a broad range of customer needs. The current owners are seeking a new operator, offering a turnkey business opportunity for a prospective buyer. This presents a chance to acquire an established, profitable business with a strong foundation and significant growth potential. The property is priced at $279,000 and sits on a 0-acre lot. The sale includes all existing equipment and fixtures, allowing for a seamless transition and immediate commencement of operations. This is an exceptional opportunity for an entrepreneur seeking a well-established business in a desirable location. The property's prime location and diverse offerings make it an attractive investment for those seeking a profitable and established business venture.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Drakesville
    County
    Davis
    State
    Iowa
    Longitude
    -92.4835
    Latitude
    40.7983

    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
    $7,452
    $13,130
    $292,440
    $305,570
    -
    $13,130
    $292,440
    $305,570

    Comparable in this City

    • Value Estimation
      $385,000
      6,080 SF

      18761 Flora Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,080 SF
      18761 Flora Ave, Drakesville, IA 52552
      View Details
    • Value Estimation by Request
      1,050 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      106 Main St, Drakesville, IA 52552
      View Details
    • Value Estimation by Request
      1,025 SF

      102 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,025 SF
      102 Main St, Drakesville, IA 52552-7721
      View Details
    • Value Estimation by Request
      1,122 SF

      108 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,122 SF
      108 Main St, Drakesville, IA 52552-7721
      View Details
    • Value Estimation by Request
      2.65 Acres

      310 Main St

      LAUNDROMAT (SELF-SERVICE) • 2.65 Acres
      310 Main St, Drakesville, IA 52552-9605
      View Details
    • Value Estimation by Request
      3,598 SF

      105 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,598 SF
      105 Main St, Drakesville, IA 52552
      View Details
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    203 Main St
    Drakesville, IA 52552-9794
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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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