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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Grocery and convenience stores
101 Maiden Ln, Tower City, ND 58071-4118
Entity Owned
16-yr Hold
Free & Clear
Property ID
US56-0004377
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2009
Total area
8,871 SF
Lot
9.3 ac (405,108 SF)
APN
19-0600-14251-020
UPID
US56-0004377
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
Current use
Occupant on record · Public records
-
Tower Travel Center/ On The Run Parking Lot & Garage Gas Station
-
Cenex Gas Station
-
Tower City Cafe Restaurant
-
On The Run - Convenience Store Grocery & Convenience Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Tower Travel Center LLC · 16 yrs held
Tower Travel Center LLC
since 2009
2 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 Tower City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tower 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Change: 0% · Conversion: Moderate
WAREHOUSE, STORAGE
$830,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$745,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$730,000
Change: 0% · Conversion: Difficult
RESTAURANT
$700,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$635,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,801
Tax year 2023
Assessed value
$668,300
Assessed 2023
Previous assessed
$642,900
+4.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$132,850
Assessed improvement
$535,450
Land market value
$265,700
Improvement market value
$1,070,900
Total market value
$1,336,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
2
Total area
8,871 SF
Lot
9.3 ac (405,108 SF)
APN
19-0600-14251-020
UPID
US56-0004377
Jurisdiction
CASS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$830,000
RETAIL STORES
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$730,000
RESTAURANT
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$635,000
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Buildings
2
Lot
9.3 ac
Current owner
From public records · entity-resolved
Tower Travel Center LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 67, TOWER CITY, ND 58071-0067
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2010
—
Tower Travel Center LLC
—
Trustees Deed
related
$600,000 · First State Bank North Dakota
Sep 29, 2009
—
Tower Travel Center LLC
Richman-anderson INC
Warranty Deed
—
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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