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Property profile & analytics

905 Washington St Bloomfield, IA 52537-2146

  • Turn key restaurants
  • 4,780 SF
  • 4.18 lot acres
OFF-MARKET
Value Estimation
$1,000,000
Last Sale
May 30, 2024
$1,000,000
Location Intelligence
Property ID
US25-2170519
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

  • Southfork Motel and Grill / Motel / Restaurant

Property Details for 905 Washington St

Year built
1978
Lot size
4.18 lot acres
Property size
4,780 SF
Property type
Turn key restaurants
APN
1002180
APU
1002180

Description

This exceptional turnkey opportunity presents a thriving, well-established restaurant located at 905 S Washington Street in Bloomfield, Iowa. The property boasts a prime location and a strong reputation built on consistent quality food and service, attracting a loyal customer base. The restaurant itself comfortably seats 90 patrons, offering a diverse menu designed to appeal to a wide range of tastes. The fully equipped kitchen is ready for immediate operation, requiring no significant upgrades or renovations. A significant advantage is the inclusion of a spacious banquet room, capable of accommodating up to 140 people. This versatile space is ideal for hosting a variety of events, from corporate meetings and business functions to family gatherings and private parties, significantly expanding revenue potential. The asking price for this established and successful restaurant is $549,000. This represents a rare chance to acquire a profitable, turnkey operation with significant growth potential in a desirable location. The property is offered as a general commercial listing and sits on a lot with zero acres. The square footage of the building is not specified. This is an exceptional opportunity for a seasoned restaurateur or an ambitious entrepreneur seeking a proven business model.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,000,000
  • CAP approach

    CAP return
    Estimation
    6%
    $950,000
    6.5%
    $1,120,000
    7%
    $990,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $890,000
    Geo Method
    $1,050,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,155,000
    Retail
    $1,210,000
    Mixed-Use
    $980,000
    Hospitality
    $1,005,000
    Educational
    $1,120,000
    Residential Income
    $895,000
    Energy
    $945,000
    Income-Based Land
    $1,055,000
    Food Service
    $1,120,000

Location Insight

  • Map
  • Local Demand
City
Bloomfield
County
Davis
State
Iowa
Longitude
-92.4108
Latitude
40.7407

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
2023
$29,252
$112,860
$645,780
$758,640
-
$112,860
$645,780
$758,640
More about this property
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