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Property profile & analytics
OFF-MARKET
Estimated value
$4,710,000
Commercial kitchens
119 Mississippi Dr Muscatine, IA 52761-3737
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1836552
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
2017
Total area
103,254 SF
Lot
0.58 ac (25,369 SF)
Zoning code
C2-CENTRAL COMMERCIAL
APN
1302226031
UPID
US25-1836552
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
-
Rental Man Dumpsters Waste Management Facility
-
Muscatine Merrill Hotel Railcam Public Webcam
-
Maxwell's On The River Restaurant
-
The Merrill Hotel, Muscatine, a Tribute Portfolio Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.71M
Owner & transaction history
Gary L Diercks · 2 yrs held
Gary L Diercks
since 2023
3 recorded transactions
Zoning & alternative use
C2-CENTRAL COMMERCIAL · Muscatine, 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 Muscatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muscatine 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
$46 / 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
$319,998
Tax year 2023
Assessed value
$9,950,600
Assessed 2024
Previous assessed
$9,539,570
+4.3% YoY
Effective rate
3.22%
On assessed value
Assessed land
$427,920
Assessed improvement
$9,522,680
Land market value
$427,920
Improvement market value
$9,522,680
Total market value
$9,950,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
2017
Stories
6
Total area
103,254 SF
Lot
0.58 ac (25,369 SF)
Zoning code
C2-CENTRAL COMMERCIAL
APN
1302226031
UPID
US25-1836552
Jurisdiction
MUSCATINE
Zoning & alternative use
C2-CENTRAL COMMERCIAL · Muscatine, IA
Zoning C2-CENTRAL COMMERCIAL · permitted uses
C2-CENTRAL COMMERCIAL · Muscatine, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Muscatine. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Stories
6
Lot
0.58 ac
Current owner
From public records · entity-resolved
Gary L Diercks
Individual
Mailing address
6635 CHELSEA GDNS WAY, CUMMING, GA 30040-6550
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
Gary L Diercks
Gary L Diercks
Deed
related
—
Jun 23, 2022
—
Riverview Hotel Development LLC
—
Deed
related
$2,950,000 · Cbi Bank & Trust
Oct 12, 2018
—
Gary L Diercks
—
Deed
related
$100,000 · Cbi Bank & Trust
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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