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Property profile & analytics
FOR SALE
Turn key restaurants
4659 Iowa Hwy 13 Central City, IA 52214
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0262529
For Sale
1 / 36
$875,000
4659 Iowa Hwy 13, Central City, IA 52214
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Total area
4,032 SF
Lot
1.15 ac (50,094 SF)
APN
07-03-3-02-005-0-0000
UPID
US25-0262529
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
R & Js INC · 3 yrs held
R & Js INC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Central City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central City 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 2022Property tax & assessments
Tax year 2022
Tax billed
$14,708
Tax year 2022
Assessed value
$525,300
Assessed 2023
Previous assessed
$530,400
-1.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$104,800
Assessed improvement
$420,500
Land market value
$104,800
Improvement market value
$420,500
Total market value
$525,300
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2007
Heating
HOT WATER
Cooling
YES
Buildings
3
Stories
1
Bathrooms
1
Total area
4,032 SF
Lot
1.15 ac (50,094 SF)
APN
07-03-3-02-005-0-0000
UPID
US25-0262529
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
R & Js INC
Entity
Mailing address
119 3RD ST S, COGGON, IA 52218-9727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
—
R & Js INC
—
Deed
related
$325,000 · Community Savings Bank
Jul 24, 2007
—
R & Js Auto Mall INC
—
Trustees Deed
related
$150,000 · Collins Community Cu
—
—
Ronald L Lovell
—
Deed Of Trust
related
$563,000 · Nxt Bank-central City
—
—
Ronald L Lovell
—
Deed Of Trust
related
$75,000 · Collins Community Cu
—
—
Ronald L Lovell
—
Deed Of Trust
related
$50,000 · City State Bank
—
—
Ronald L Lovell
—
Deed Of Trust
related
$340,000 · Collins Community Cu
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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