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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Grocery and convenience stores
120 Main E St, State Center, IA 50247-7765
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1190747
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2006
Total area
8,152 SF
Lot
0.29 ac (12,500 SF)
APN
8320-10-259-015
UPID
US25-1190747
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
-
Hometown Foods Grocery & Convenience Store Food Market
-
Shazam Atm Atm
-
The Pink Petal Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Edler Holding LLC · 4 yrs held
Edler Holding LLC
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$855,000
+64.3%
Commercial (general)
$705,000
+35.6%
Restaurant
$705,000
+35.1%
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 State Center submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs State Center 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
RETAIL STORES
$520,000
Current use
OFFICE BUILDING
$855,000
Change: +64% · Conversion: Easy
COMMERCIAL (GENERAL)
$705,000
Change: +36% · Conversion: Easy
RESTAURANT
$705,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$600,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$500,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$480,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$65 / 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
$11,199
Tax year 2023
Assessed value
$443,800
Assessed 2024
Previous assessed
$443,800
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$12,500
Assessed improvement
$431,300
Land market value
$12,500
Improvement market value
$431,300
Total market value
$443,800
Applied tax rate
640,238.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Stories
1
Total area
8,152 SF
Lot
0.29 ac (12,500 SF)
APN
8320-10-259-015
UPID
US25-1190747
Jurisdiction
MARSHALL
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
RETAIL STORES Current
Est. value
$520,000
OFFICE BUILDING
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RESTAURANT
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$600,000
INDUSTRIAL (GENERAL)
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$480,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2006
Heating
FORCED AIR
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Edler Holding LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
Kent E Thomas
—
Deed
related
$205,000 · State Savings Bank
Jan 13, 2026
—
Kent E Thomas
—
Deed
related
$222,283 · State Savings Bank
Sep 26, 2025
—
Kent E Thomas
—
Deed
related
$222,283 · State Savings Bank
Jun 16, 2022
$150,000
Edler Holding LLC
David Beary Enterprises INC
Warranty Deed
$120,000 · Central State Bank
Jul 27, 2017
—
State Center Development Associatio
—
Deed
related
$250,000 · Central State Bank
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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