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Property profile & analytics
OFF-MARKET
Strip malls
2604 2nd Ave Muscatine, IA 52761-5615
Entity Owned
2-yr Hold
Free & Clear
Property ID
US25-1703980
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
FRAME
Total area
21,466 SF
Lot
5.75 ac (250,470 SF)
Zoning code
C3-PLANNED COMMERCIAL
APN
824351014
UPID
US25-1703980
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
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Cato Fashions Clothing & Fashion Store
-
ImpactLife Charitable Organization Social Service Agency
-
H&R Block Tax Preparation
-
Dollar Tree Discount 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
by Request
Owner & transaction history
Sonata LLC · 2 yrs held
Sonata LLC
since 2023
Last sale
$225,000
7 recorded transactions
Zoning & alternative use
C3-PLANNED 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
—
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
$67,288
Tax year 2023
Assessed value
$2,127,360
Assessed 2024
Previous assessed
$2,063,390
+3.1% YoY
Effective rate
3.16%
On assessed value
Assessed land
$805,180
Assessed improvement
$1,322,180
Land market value
$805,180
Improvement market value
$1,322,180
Total market value
$2,127,360
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
2004
Construction
FRAME
Stories
1
Total area
21,466 SF
Lot
5.75 ac (250,470 SF)
Zoning code
C3-PLANNED COMMERCIAL
APN
824351014
UPID
US25-1703980
Jurisdiction
MUSCATINE
Zoning & alternative use
C3-PLANNED COMMERCIAL · Muscatine, IA
Zoning 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
Muscatine. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Stories
1
Lot
5.75 ac
Current owner
From public records · entity-resolved
Sonata LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 595, BETTENDORF, IA 52722-0010
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
Sonata LLC
Jdr Properties INC
Quit Claim Deed
related
—
Sep 15, 2023
—
Jdr Properties INC
Mhp LLC
Quit Claim Deed
related
—
Apr 21, 2022
$225,000
Jdr Propeties INC
Sonata LLC
Warranty Deed
—
Mar 7, 2022
—
Jdr Properties INC
—
Deed
related
$1,927,679 · Luana Savings Bank
Apr 8, 2015
—
Sonata LLC
Kdj Holdings LLC
Warranty Deed
—
Apr 8, 2015
$2,601,500
Sonata LLC
Kre LLC
Warranty Deed
—
Apr 8, 2015
$2,602,000
Sonata LLC
Kre LLC
Warranty Deed
—
Feb 25, 2015
—
Equity Growth Lc
Freehold Ventures LLC
Warranty Deed
—
Feb 16, 2006
—
Freedhold Ventures LLC
R P Investments LLC
Warranty Deed
$1,687,500 · Wells Fargo Bank NA
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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