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Property profile & analytics

314 Main St Anamosa, IA 52205-1164

  • Retail space
  • 9,175 SF
  • 0.61 lot acres
OFF-MARKET
Value Estimation
$740,000
Last Sale
Feb 12, 2025
$811,500
Location Intelligence
Property ID
US25-1005545
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

  • Retail space

Property Details for 314 Main St

Year built
1970
Lot size
0.61 lot acres
Property size
9,175 SF
Property type
Retail space
APN
903486011
APU
903486011

Description

This exceptional investment opportunity features a 8,630 square foot Dollar General store in Anamosa, Iowa, situated on a 0.61-acre lot at 314 W Main St, zip code 52205. The property boasts a strong 8.75% cap rate and a substantial net operating income (NOI) of $72,000 annually. Built in 1970, this single-story building benefits from a long-term net lease with Dollar General, commencing October 1, 1996, and expiring September 30, 2028, with two five-year renewal options, each including a 10% rent increase. The tenant contributes $600 monthly towards property taxes and $500 monthly for common area maintenance (CAM), minimizing landlord expenses. The tenant also covers repairs under $1,000. The property's strategic location on Main Street, a revitalized downtown area benefiting from the Main Street Iowa program, ensures high visibility and consistent foot traffic. With nearly 11,000 vehicles passing daily, a one-mile population of 4,539 (projected 5% growth in five years), and an average household income of $87,751 within a five-mile radius, this investment offers exceptional stability and growth potential. The presence of the Anamosa State Penitentiary and Jones Regional Medical Center further strengthens the local economy and demand for retail services. This property represents a secure, high-yield investment with a nationally recognized tenant and a proven track record of success.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $725,000
  • CAP approach

    CAP return
    Estimation
    6%
    $745,000
    6.5%
    $860,000
    7%
    $745,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $815,000
    Geo Method
    $830,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $765,000
    Retail
    $715,000
    Mixed-Use
    $775,000
    Hospitality
    $785,000
    Educational
    $795,000
    Residential Income
    $655,000
    Energy
    $665,000
    Income-Based Land
    $805,000
    Food Service
    $795,000

Location Insight

  • Map
  • Local Demand
City
Anamosa
County
Jones
State
Iowa
Longitude
-91.2878
Latitude
42.1086
CBSA code
16300
CBSA name
CEDAR RAPIDS, IA METROPOLITAN 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
$7,146
$112,940
$156,700
$269,640
-
$112,940
$156,700
$269,640
More about this property
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