Back to Search
Property profile & analytics
OFF-MARKET
Bars & Pubs
40251 Hwy 92 Carson, IA 51525
Individually Owned
Absentee Owner
Free & Clear
Property ID
US25-0288834
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1900
Total area
672 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-2
APN
7440 11 126 001
UPID
US25-0288834
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
NORMAN HOLLESEN
NORMAN HOLLESEN
Zoning & alternative use
C-2 · Carson, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
than 25 percent of the floor space given to retail use, and involving not more than 8 employees. ▪ Dwelling units and pet stor es may be located wi thin this zone if approved by a conditional use permit. B. Division 2 (C-2 zone) Highway Commercial - The following uses are permitted in a C, Division 2 zone: ▪ Any use permitted in a C, Division 1 zone, and bus…
Zone name
Highway Commercial
General category
INDUSTRIAL
Zone area
37.07 ac
Source
CHAPTER 1
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$170
Tax year 2023
Assessed value
$13,800
Assessed 2024
Previous assessed
$13,800
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,500
Assessed improvement
$6,300
Land market value
$7,500
Improvement market value
$6,300
Total market value
$13,800
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1900
Heating
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
672 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-2
APN
7440 11 126 001
UPID
US25-0288834
Jurisdiction
POTTAWATTAMIE
Zoning & alternative use
C-2 · Carson, IAZoning C-2 · permitted uses
C-2 · Carson, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
than 25 percent of the floor space given to retail use, and involving not more than 8 employees. ▪ Dwelling units and pet stor es may be located wi thin this zone if approved by a conditional use permit. B. Division 2 (C-2 zone) Highway Commercial - The following uses are permitted in a C, Division 2 zone: ▪ Any use permitted in a C, Division 1 zone, and busine sses typically located in a highway commerc ial district, including heav y and
Zone name
Highway Commercial
General category
INDUSTRIAL
Zone area
37.07 ac
Source
CHAPTER 1
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
1
Rooms
5
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
NORMAN HOLLESEN
Individual
Free & Clear · 0 yrs held
Mailing address
2 E MAIN ST UNIT #311, AUBURN, WA 98002-5204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40251 Hwy 92?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
