Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    249 Main Ave Clinton, IA 52732-2239

    • Grocery and convenience stores
    • 5,880 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1142077
    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

    • Kwik Star / Gas Station / Liquor Store

    Property Details for 249 Main Ave

    Year built
    1999
    Lot size
    1.25 lot acres
    Property size
    5,880 SF
    Property type
    Grocery and convenience stores
    APN
    8601110000
    APU
    8601110000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $525,000
      RESTAURANT
      $475,000
      OFFICE BUILDING
      $410,000
      AUTO REPAIR, GARAGE
      $410,000
      WAREHOUSE, STORAGE
      $400,000
      MEDICAL BUILDING
      $375,000
      INDUSTRIAL (GENERAL)
      $350,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Clinton
    State
    Iowa
    Longitude
    -90.1831
    Latitude
    41.8729
    CBSA code
    17540
    CBSA name
    CLINTON, IA MICROPOLITAN STATISTICAL AREA

    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
    $28,740
    $112,400
    $767,000
    $879,400
    -
    $112,400
    $767,000
    $879,400

    Comparable in this City

    • Value Estimation
      $615,000
      71,060 SF

      901 4th St

      GROCERY, SUPERMARKET • 71,060 SF
      901 4th St, Clinton, IA 52732-5709
      View Details
    • Value Estimation
      $695,000
      24,361 SF

      1350 11th NW St

      GROCERY, SUPERMARKET • 24,361 SF
      1350 11th NW St, Clinton, IA 52732-5058
      View Details
    • Value Estimation
      $335,000
      17,948 SF

      2575 Lincoln Way

      GROCERY, SUPERMARKET • 17,948 SF
      2575 Lincoln Way, Clinton, IA 52732-7228
      View Details
    • Value Estimation
      $435,000
      3,240 SF

      1107 13th N Ave

      CONVENIENCE STORE • 3,240 SF
      1107 13th N Ave, Clinton, IA 52732-3456
      View Details
    • Value Estimation
      $610,000
      1,918 SF

      1512 Lincoln Way

      CONVENIENCE STORE • 1,918 SF
      1512 Lincoln Way, Clinton, IA 52732-7021
      View Details
    • Value Estimation
      $270,000
      3,534 SF

      1641 Blf Blvd

      CONVENIENCE STORE • 3,534 SF
      1641 Blf Blvd, Clinton, IA 52732-6547
      View Details

    Similar Nearby for Sale

    • $99,900
      Pending

      Retail/Office Space on Camanche Avenue

      High visibility retail/office space on Highway 30/67.
      1630 Camanche Ave, Clinton, IA 52732
      View Details
    • $79,000
      0.04 Acres

      Commercial Building in Lyon's District

      Commercial building with updated features in Clinton, Iowa's Lyon's district.
      208 Main Ave, Clinton, IA 52732
      View Details
    • $59,000
      0.07 Acres

      Retail Property in Lyons District

      Retail property with existing tenant in Clinton, Iowa.
      2323 N 2Nd St, Clinton, IA 52732
      View Details
    • $122,000
      0.12 Acres

      Commercial Building on N 2nd

      Commercial building with warehouse space on a busy street.
      110 N 2Nd St, Clinton, IA 52732
      View Details
    • $50,000
      0.06 Acres

      Commercial Retail/Office Location For Sale

      Retail and office location on busy 2nd St, Clinton, IA.
      306 S 2Nd St, Clinton, IA 52732
      View Details
    • $2,230,000
      1.64 Acres

      Clinton Commercial Condominiums For Sale

      Four commercial condominiums ideal for distribution, office, or retail.
      2301 Manufacturing Dr, Clinton, IA 52732
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      352,836 SF

      Retail Parcel in Clinton, Iowa

      Retail parcel ready for activity near major retail destinations.
      2900 S 25Th St, Clinton, IA 52732
      View Details
    • Contact for pricing
      63,162 SF

      High Visibility Retail/Office Space

      Commercial space in high-traffic area, ready for retail or office.
      2418 Virginia Ave, Clinton, IA 52732
      View Details
    • Contact for pricing
      86,249 SF

      High-Traffic Retail Space Available

      Retail space in high-traffic location near national retailers.
      2712 S 25Th St, Clinton, IA 52732
      View Details
    • Contact for pricing
      118,919 SF

      High Visibility Commercial Space

      Retail, office, or service business space available for lease.
      3052 Lincoln Way, Clinton, IA 52732
      View Details
    • Contact for pricing
      216,929 SF

      Clinton Commercial Space For Rent

      5,200 SF office/retail space in central Clinton location.
      931 13Th Ave North, Clinton, IA 52732
      View Details
    • Contact for pricing
      1,742 SF

      Commercial Space in Clinton, Iowa

      Recently rebuilt commercial space available for lease in Clinton.
      512 S 2Nd St, Clinton, IA 52732
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    249 Main Ave
    Clinton, IA 52732-2239
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.