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Property profile & analytics
OFF-MARKET
Turn key restaurants
603 1st St Keosauqua, IA 52565-7701
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US25-2244816
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1890
Lot
0.07 ac (3,136 SF)
APN
760636316160
UPID
US25-2244816
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
Iowa Bliss LLC · 7 yrs held
Iowa Bliss LLC
since 2018
5 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 Keosauqua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keosauqua 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
$3,470
Tax year 2022
Assessed value
$203,049
Assessed 2023
Previous assessed
$180,255
+12.6% YoY
Effective rate
1.71%
On assessed value
Assessed land
$6,231
Assessed improvement
$196,818
Land market value
$6,231
Improvement market value
$196,818
Total market value
$203,049
Applied tax rate
76.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
1890
Heating
SPACE
Cooling
NONE
Units
1
Lot
0.07 ac (3,136 SF)
APN
760636316160
UPID
US25-2244816
Jurisdiction
VAN BUREN
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
1890
Heating
SPACE
Cooling
Yes
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Iowa Bliss LLC
Entity
Mailing address
PO BOX 338, KEOSAUQUA, IA 52565-0338
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
—
Quite A Structure Project 13 Lllp
—
Deed
related
$195,074 · Libertyville Savings Bank
Apr 2, 2020
—
Iowa Bliss LLC
—
Deed
related
$235,000 · First Iowa State Bank
Sep 28, 2018
$215,000
Iowa Bliss LLC
Matthew Platt
Warranty Deed
$275,000 · First Iowa State Bank
Sep 8, 2017
—
Krystal A Platt
—
Deed
related
$93,000 · First Iowa State Bank
Nov 2, 2007
$45,000
Matthew Platt
Emmanuel Hasapis
Warranty Deed
$112,000 · Community First Bank
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.
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