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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
101 Mt Pleasant St, West Burlington, IA 52655-1232
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US25-0043404
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1970
Total area
1,344 SF
Lot
0.23 ac (10,019 SF)
Zoning code
B1
APN
10-36-105-001
UPID
US25-0043404
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
-
Coin Cloud Bitcoin ATM Atm Crypto Atm
-
STAR GAS STATION | MK MINI MART Gas Station
-
ATM Atm
-
Star Gas Station
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
Mk Mini Mart INC · 10 yrs held
Mk Mini Mart INC
since 2015
6 recorded transactions
Zoning & alternative use
B1 · West Burlington, IA
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 West Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Burlington 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 2021Property tax & assessments
Tax year 2021
Tax billed
$2,776
Tax year 2021
Assessed value
$201,200
Assessed 2023
Previous assessed
$153,000
+31.5% YoY
Effective rate
1.38%
On assessed value
Assessed land
$30,000
Assessed improvement
$171,200
Land market value
$30,000
Improvement market value
$171,200
Total market value
$201,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Rooms
1
Total area
1,344 SF
Lot
0.23 ac (10,019 SF)
Zoning code
B1
APN
10-36-105-001
UPID
US25-0043404
Jurisdiction
DES MOINES
Zoning & alternative use
B1 · West Burlington, IA
Zoning B1 · permitted uses
B1 · West Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Burlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Rooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mk Mini Mart INC
Entity
Mailing address
101 E MT PLEASANT ST, WEST BURLINGTON, IA 52655-1232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Dec 10, 2021
—
M K Mini Mark INC
—
Deed
related
$251,572 · Farmers & Merchants Bank & Trt
Sep 15, 2016
—
Mk Mini Mart INC
—
Deed
related
$120,000 · Ih Ms Vly Cu
Nov 2, 2015
$150,100
Mk Mini Mart INC
Convenience Stores Leasing & M
Warranty Deed
$120,000 · Ih Ms Vly Cu
Aug 24, 2015
$150,000
Mk Mini Mart INC
Convenience Stores Leasing & M
Dual Purpose Document
$135,000 · Private Individual
Jun 11, 2010
$85,000
Stores Leasing Convenience
Dhaliwal Iowa Properties Five
Quit Claim Deed
related
—
—
—
Mk Mini Mart INC
—
Deed Of Trust
related
$120,000 · Ih Ms Vly 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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