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    Property profile & analytics

    405 State St Garner, IA 50438-1334

    • Turn key restaurants
    • 5,680 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $180,000
    Last Sale
    Jan 03, 2022
    $185,000
    Location Intelligence
    Property ID
    US25-1525750
    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

    • Turn key restaurants

    Property Details for 405 State St

    Year built
    1919
    Lot size
    0.19 lot acres
    Property size
    5,680 SF
    Property type
    Turn key restaurants
    APN
    2101250132
    APU
    2101250132

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $175,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $170,000
      Mixed-Use
      $180,000
      Hospitality
      $190,000
      Educational
      $160,000
      Residential Income
      $200,000
      Energy
      $160,000
      Income-Based Land
      $200,000
      Food Service
      $160,000

    Location Insight

    • Map
    • Local Demand
    City
    Garner
    County
    Hancock
    State
    Iowa
    Longitude
    -93.6017
    Latitude
    43.1012

    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
    2022
    $3,974
    $27,460
    $201,530
    $228,990
    -
    $27,460
    $201,530
    $228,990

    Comparable in this City

    • Value Estimation by Request
      2,100 SF

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      235 State St

      RESTAURANT • 3,680 SF
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    • Value Estimation by Request
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      315 Ctr Ave

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      315 Ctr Ave, Garner, IA 50438-1220
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    • Value Estimation
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      345 State St

      RESTAURANT • 2,130 SF
      345 State St, Garner, IA 50438-1236
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    • Value Estimation
      $225,000
      1,325 SF

      135 Cottonwood Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,325 SF
      135 Cottonwood Dr, Garner, IA 50438-1129
      View Details
    • Value Estimation by Request
      3,456 SF

      605 Us Hwy 18

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,456 SF
      605 Us Hwy 18, Garner, IA 50438-1019
      View Details

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    Garner, IA 50438-1334
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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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