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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Drive through restaurants
2801 Main St Keokuk, IA 52632-2228
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0487845
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2020
Construction
FRAME
Total area
544 SF
Lot
0.25 ac (10,797 SF)
APN
04-45-21-23-426-0020
UPID
US25-0487845
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Mk Village Shops LLC · 1 yrs held
Mk Village Shops LLC
since 2024
Last sale
$757,500
6 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 Keokuk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keokuk 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
$720,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $758k (Apr 14 2023)
Last sale anchor
$758k
Apr 14 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
$1,342 / 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
$14,806
Tax year 2023
Assessed value
$384,830
Assessed 2024
Previous assessed
$384,830
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$68,020
Assessed improvement
$316,810
Land market value
$68,020
Improvement market value
$316,810
Total market value
$384,830
Applied tax rate
310.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
NONE
Stories
1
Total area
544 SF
Lot
0.25 ac (10,797 SF)
APN
04-45-21-23-426-0020
UPID
US25-0487845
Jurisdiction
LEE
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
2020
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Mk Village Shops LLC
Entity
Mailing address
22810 82ND AVETE, MEDIAPOLIS, IA 52637-2300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
$895,000
Mk Village Shops LLC
Rhs Hamilton LLC
Special Warranty Deed
—
Apr 14, 2023
$757,500
Rhs Hamilton LLC
Pmp Holdings LLC
Warranty Deed
$2,187,301 · First Technology FCU
Jul 29, 2022
—
Pmp Holdings LLC
—
Deed
related
$124,000 · Mediapolis Savings Bank
Mar 29, 2021
—
Ipdc Holdings LLC
—
Deed
related
$250,000 · Nxt Bank
Jul 1, 2019
$85,000
Bellas Hair&tanning Salon
Q Time LLC
Warranty Deed
$71,250 · Pilot Grove Savings Bank
Jul 7, 2006
$68,000
Q Time LLC
Raymond A Janet
Warranty Deed
$86,400 · Farmers & Merchants 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.
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