Realmo Analytics
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Property summary
This distressed retail property, River City Mall, presents a compelling value-add investment opportunity in Keokuk, Iowa. The 208,492 square foot, multi-tenant shopping center, built in 1969 and renovated in 2003, sits on a 9.09-acre lot (APN: 04-45-21-25-480-0180) and features two, one-story buildings with 41 units. Currently, the occupancy rate is 23%, with 10 credit-rated tenants, including Dollar General, generating a NOI of $0. The asking price is $600,000 ($2.88/sq ft, $66,000/acre),… reflecting a pro-forma cap rate of 29%. The property is zoned C-Commercial and benefits from a high-traffic location on Highway 218, averaging 10,700 vehicles daily, and its proximity to the Mississippi River. While requiring significant renovations, including roof repairs, the property includes a closed three-screen cinema—the only one within a 35-minute radius. The property's size and location offer substantial redevelopment potential. The sale is considered distressed. Lee County offers various business incentives, including Opportunity Zones and tax abatements. The property's strategic location, coupled with the available incentives and the potential for revitalization, makes it an attractive investment for those seeking a significant upside. The property's location offers easy access to major transportation routes including US Highways 218 and 61, as well as the Burlington Northern Santa Fe Railway and the Mississippi River.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
12 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 100,044 SF
- Lot area
- 9.09 ac
- Year built
- 1969
- Stories
- 1
- APN
- 04-45-21-25-480-0170
- Assessed value · 2024
- $395,700
- Annual tax · 2023
- $15,470
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Location Insight
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- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
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- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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