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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
301 Anx Rd Madrid, IA 50156-1469
Entity Owned
10-yr Hold
Property ID
US25-1306271
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1962
Total area
8,118 SF
Lot
0.68 ac (29,750 SF)
Zoning code
INC
APN
88225303386052
UPID
US25-1306271
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fresh Market Properties LLC · 10 yrs held
Fresh Market Properties LLC
since 2015
3 recorded transactions
Zoning & alternative use
INC · Madrid, 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 Madrid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madrid 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
$8,442
Tax year 2023
Assessed value
$303,383
Assessed 2024
Previous assessed
$303,383
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$95,081
Assessed improvement
$208,302
Land market value
$95,081
Improvement market value
$208,302
Total market value
$303,383
Applied tax rate
821.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
8,118 SF
Lot
0.68 ac (29,750 SF)
Zoning code
INC
APN
88225303386052
UPID
US25-1306271
Jurisdiction
BOONE
Zoning & alternative use
INC · Madrid, IAZoning INC · permitted uses
INC · Madrid, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
MODEL CODE OF ORDINANCES
Building & site characteristics
From public records
Year built
1962
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Fresh Market Properties LLC
Entity
Mailing address
301 ANX RD, MADRID, IA 50156-1469
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Mar 31, 2020
—
Fresh Market Properties
—
Deed
related
$289,102 · City State Bank
Dec 14, 2015
—
Fresh Market Properties LLC
Ivan R Thede
Quit Claim Deed
related
—
Apr 2, 2015
$375,000
Ivan R Thede
Elwell INC
Warranty Deed
$280,500 · Liberty National 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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