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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Grocery and convenience stores
1581 1st SE Ave Cedar Rapids, IA 52402-5122
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0338882
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1990
Total area
2,000 SF
Lot
0.32 ac (13,939 SF)
APN
14-22-2-11-002-0-0000
UPID
US25-0338882
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
-
Snak Atak Grocery & Convenience Store
-
ATM (Hawkeye Convenience Stores) Atm
-
bp Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.14M
Owner & transaction history
Bhavi LLC · 4 yrs held
Bhavi LLC
since 2022
Last sale
$4.8M
5 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 Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids 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
$3,440,000
ML approach
$3,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.14M
Range $3.73M – $4.55M · ±10% · vs last sale $4.80M (Feb 25 2022)
Last sale anchor
$4.80M
Feb 25 2022
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
$2,070 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,688
Tax year 2022
Assessed value
$604,500
Assessed 2023
Previous assessed
$604,500
+0.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$112,000
Assessed improvement
$492,500
Land market value
$112,000
Improvement market value
$492,500
Total market value
$604,500
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Total area
2,000 SF
Lot
0.32 ac (13,939 SF)
APN
14-22-2-11-002-0-0000
UPID
US25-0338882
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Bhavi LLC
Entity
Mailing address
47167 S CLUBHOUSE RD, SIOUX FALLS, SD 57108-8165
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
—
Redwood Estates LLC
—
Deed
related
$6,200,000 · First Dakota National Bank
Feb 25, 2022
$4,650,000
Bhavi LLC
Cedar Rapids Re Investment LLC
Special Warranty Deed
—
Feb 25, 2022
$4,800,000
Redwood Estates LLC
Bhavi LLC
Special Warranty Deed
$846,266 · First Dakota National Bank
May 28, 2021
$3,500,000
Cedar Rapids Re Investment LLC
Twin City Iowa LLC
Special Warranty Deed
$2,625,000 · Morton Community Bank
Mar 19, 2020
$475,000
Twin City Ia LLC
Petroleum Svcs Co LLC
Grant Deed
$1,750,000 · Molo Petroleum LLC
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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