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Property profile & analytics
OFF-MARKET
Turn key restaurants

405 State St Garner, IA 50438-1334

5,680 SF 0.19 ac lot Built 1919
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US25-1525750
Property summary
AI-generated overview

This exceptional commercial property, located at 405 State Street in Garner, Iowa, presents a significant opportunity for entrepreneurs. Situated on a desirable 0.19-acre corner lot, this almost 5,700 square foot building boasts three distinct storefronts, previously occupied by a Pizza Ranch restaurant. The property's versatile layout offers numerous possibilities for a variety of businesses. The building is available for immediate occupancy and is ready for a new owner to implement their vision. Some existing furnishings, including tables and chairs, are negotiable, depending on the buyer's plans. The seller is currently in the process of clearing out the property, so the interior may undergo some changes. This prime location on State Street in Garner offers excellent visibility and accessibility, making it an ideal space for a thriving business. The building's size and layout provide ample room for customization and expansion, allowing for a significant return on investment. Don't miss this chance to secure a remarkable commercial property in a vibrant and growing community. Contact us today to schedule a viewing and begin planning your future in this exceptional space.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1919
Total area 5,680 SF
Lot 0.19 ac (8,233 SF)
APN 2101250132
UPID US25-1525750
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Allen&pfaltzgraff LLC · 7 yrs held
Allen&pfaltzgraff LLC
since 2018
Last sale
$185,000
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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