Listing Agency: KW Commercial Show Phone

Listed By: Mick Grossman · License #S43534000 Show Phone

Source: Moodyscre

Added: Oct 7 Changed: Oct 13 Last Checked: Oct 12 at 10:35PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial

Investment Insights

Based on property information with market context.

This convenience store and fuel property occupies a 2,250-square-foot building on approximately 0.51 acres. Fuel facilities include a canopy and three underground tanks. The property is located at 702 Beardsley St in Norwalk, Iowa.

Key Highlights

• 2,250‑square‑foot convenience store building
• Approx. 0.51‑acre site
• Fuel canopy and three underground tanks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$111,578

Cap Rate

7.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,231,560 $2.2M

Cap Rate 7%

$1,593,971 $1.6M

Cap Rate 9%

$1,239,756 $1.2M

Market Conditions

NOI Build-Up for 2,250 SF

Gross rent

$173.1K $76.92/SF

− Vacancy

−$13.7K −$6.08/SF

EGI

$159.4K $70.84/SF

− OpEx

−$47.8K −$21.25/SF

NOI

$111.6K $49.59/SF

Area

Warren County, IA

Vacancy

7.90%

Lease Rate

$76.92 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,231,560

Cap Rate 7%

$1,593,971

Cap Rate 9%

$1,239,756

Alternative Uses

Best Use

Industrial

$1.59M

$1.39M – $1.86M (±1% cap)

NOI $111,578 @ 7.0% cap · market cap 7.46%

Second Best

Specialty Retail

$471.8K

$412.9K – $550.5K (±1% cap)

NOI $33,028 @ 7.0% cap · market cap 2.21%

Theoretical Best

Flex RnD

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,614 @ 7.0% cap · market cap 10.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Hair Salon Electrical Service Auto Repair Shop (Bike/Boat/Book/etc) Store Pharmacy Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

159

Businesses Nearby

36k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 73% Shops & Services 27%

McDonald's Dining

13,932 visits/mo 0.1 miles

Kum & Go Shops & Services

9,542 visits/mo 0.1 miles

Arby's Dining

6,119 visits/mo 0.2 miles

Scooter's Coffee Dining

4,470 visits/mo 0.1 miles

Domino's Pizza Dining

1,610 visits/mo 0.4 miles

Demographics for 50211, IA

15,158

Population

6,469

Households

2.3

Avg Household Size

37

Median Age

37%

College-Educated

98%

High-School Grad

58.6 sq mi

ZIP Area

259

Density / Sq Mi

$97,661

Median Household Income

$52,755

Median Earnings

$883

Median Rent

$293,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The site includes a fuel canopy and underground storage tanks.

Where is this grocery and convenience store located?

The property is located at 702 Beardsley St Norwalk, IA.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: 2,250‑square‑foot convenience store building; Approx. 0.51‑acre site; Fuel canopy and three underground tanks