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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Strip malls
2016 Cedar Plz Dr Muscatine, IA 52761-2883
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1893152
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Total area
10,304 SF
Lot
3.17 ac (138,085 SF)
Zoning code
C3-PLANNED COMMERCIAL
APN
833226016
UPID
US25-1893152
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
-
Premier Home Mortgage, Inc. Loan Service Bank
-
Iowa Memorial Granite Company Building Supply Hardware & Home Improvement
-
Life Connections Crisis Center Medical Clinic
-
Comprehensive Rehab Medical Clinic
-
Greenleaf Tobacco & Vape (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Commercial Real Estate Holdings LLC · 3 yrs held
Commercial Real Estate Holdings LLC
since 2023
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
C3-PLANNED COMMERCIAL · Muscatine, IA
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
Method
Estimation
Statistic approach
$1,760,000
ML approach
$1,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,145,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $1.85M (Jan 19 2023)
Last sale anchor
$1.85M
Jan 19 2023
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
$176 / 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
$54,824
Tax year 2023
Assessed value
$1,776,020
Assessed 2024
Previous assessed
$1,694,650
+4.8% YoY
Effective rate
3.09%
On assessed value
Assessed land
$336,660
Assessed improvement
$1,439,360
Land market value
$336,660
Improvement market value
$1,439,360
Total market value
$1,776,020
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Buildings
2
Stories
1
Total area
10,304 SF
Lot
3.17 ac (138,085 SF)
Zoning code
C3-PLANNED COMMERCIAL
APN
833226016
UPID
US25-1893152
Jurisdiction
MUSCATINE
Zoning & alternative use
C3-PLANNED COMMERCIAL · Muscatine, IAZoning C3-PLANNED COMMERCIAL · permitted uses
C3-PLANNED COMMERCIAL · Muscatine, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.1M
MEDICAL BUILDING
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
1999
Stories
1
Buildings
2
Lot
3.17 ac
Current owner
From public records · entity-resolved
Commercial Real Estate Holdings LLC
Entity
Mailing address
2518 MULBERRY AVE, MUSCATINE, IA 52761-2742
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
Jan 19, 2023
$1,850,000
Commercial Real Estate Holdings LLC
Cedar Plaza Holdings LLC
Warranty Deed
$1,850,000 · Midwestone Bank
Nov 12, 2019
$1,585,000
Cedar Plaza Holdings LLC
Gator Properties 12 LLC
Warranty Deed
$1,268,000 · Ih Mississippi Valley Cu
May 5, 2014
$1,550,000
Gator Properties 12 LLC
Estate Of Jerry D Ross
Legal Action/court Order
related
$1,240,000 · Port Byron 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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