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    Property profile & analytics

    23 5th SW Ave Le Mars, IA 51031

    • Turn key restaurants
    • 1,584 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US25-2423218
    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

    • Bob's Drive Inn / Hot Dog Restaurant / Fast Food Restaurant

    Property Details for 23 5th SW Ave

    Year built
    1949
    Construction
    FRAME
    Lot size
    0.48 lot acres
    Property size
    1,584 SF
    Property type
    Turn key restaurants
    APN
    12-16-101-009
    APU
    1216101009

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Le Mars
    County
    Plymouth
    State
    Iowa
    Longitude
    -96.1742
    Latitude
    42.7927

    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
    $7,264
    $207,740
    $123,440
    $331,180
    -
    $207,740
    $123,440
    $331,180

    Comparable in this City

    • Value Estimation
      $175,000
      2,224 SF

      104 Central NE Ave

      RESTAURANT • 2,224 SF
      104 Central NE Ave, Le Mars, IA 51031-3516
      View Details
    • Value Estimation
      $175,000
      2,264 SF

      106 Central NE Ave

      RESTAURANT • 2,264 SF
      106 Central NE Ave, Le Mars, IA 51031-3516
      View Details
    • Value Estimation
      $350,000
      3,306 SF

      625 Hawkeye SW Ave

      RESTAURANT • 3,306 SF
      625 Hawkeye SW Ave, Le Mars, IA 51031-1859
      View Details
    • Value Estimation by Request
      3,072 SF

      128 Central NE Ave

      RESTAURANT • 3,072 SF
      128 Central NE Ave, Le Mars, IA 51031-3516
      View Details
    • Value Estimation
      $165,000
      2,171 SF

      410 4th SW St

      RESTAURANT • 2,171 SF
      410 4th SW St, Le Mars, IA 51031-1910
      View Details
    • Value Estimation
      $225,000
      5,045 SF

      Le Mars, IA 51031

      RESTAURANT • 5,045 SF
      Le Mars, IA 51031
      View Details

    Similar Nearby for Sale

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      Residential lot in LeMars, Iowa, ready for your dream home.
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      Residential building sites in new Le Mars development.
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      Residential Building Site in LeMars

      4.49 acre residential building site in Plymouth County.
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    23 5th SW Ave
    Le Mars, IA 51031
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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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