Entity Owned Property summary
AI-generated overview
Built in 1971, the property is a vacant, free-standing, single-story retail/big-box building configured for single-tenant use, with 35,152 square feet of gross building area on a 12.67-acre parcel. The site includes a surface parking lot providing 144 total parking spaces and is served by multiple ingress and egress points for circulation across the property. The building occupies a full city block with signalized hard-corner frontage on four roads, including approximately 230 feet along Rockingham Road and additional frontage along Concord Street, Faxon Avenue, and Dittmer Street. Located within a dense industrial corridor, the property offers visibility from multiple roadway frontages and is positioned to accommodate retail and service uses. The property has a history of being occupied by Hy-Vee and was previously operated under a triple-net lease structure; zoning is C-2, Corridor Commercial District, with zoning indicating suitability for a range of retail and service-oriented uses.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1971
Total area
35,001 SF
Lot
2.74 ac (119,437 SF)
APN
J0060-04
UPID
US25-0596578
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bank Credit Union
-
Pharmacy
-
Pharmacy
-
Pharmacy
-
Bank Credit Union
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.11M
CAP Approach
CAP
$5.20M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$3.92M
Owner & transaction history
since 2020
Last sale
$3.8M
1 recorded transaction
Zoning & alternative use
Top alternative use upside
Medical building
$6.2M
+142.1%
Auto repair, garage
$5.8M
+125.8%
Office building
$3.6M
+42.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.92M
Value range
$3.53M – $4.31M
±10% around blend
Estimated value / SF
$112 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$3.53M
blend $3.92M
$4.31M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,001 SF
Lot area
2.74 ac
Year built
1971
Stories
1
APN
J0060-04
Assessed value
$1,887,140
Annual tax
$61,454
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.20M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.64M
@ 6.5% CAP return
$5.20M
@ 7% CAP return
$4.83M
4
Sales comparison
Partial preview
Sales approach indication
$4.17M
Range $1.01M – $5.48M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.92M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 34 sales
$73
+54%
County 43 sales
$94
+19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $112/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+142%
vs current-use indication
Auto Repair, Garage
Office Building
Neighborhood: Shopping Center
Restaurant
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.70%
Implied, in-place cap rate for this grocery and convenience stores
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.70%
9.0%
NOI (est.)
$264k *
Last sale · Nov 2020
$3.78M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.64M
Move the market yield to see immediate price impact.
Value / SF
$132
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.20%5.70%6.20%
$238k
$4.57M
$4.17M
$3.84M
$264k
$5.08M
$4.64M
$4.26M
$291k
$5.59M
$5.10M
$4.69M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,454
Tax year 2023
Assessed value
$1,887,140
Assessed 2024
Previous assessed
$1,887,140
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$278,850
Assessed improvement
$1,608,290
Land market value
$278,850
Improvement market value
$1,608,290
Total market value
$1,887,140
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1971
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
35,001 SF
Lot
2.74 ac (119,437 SF)
APN
J0060-04
UPID
US25-0596578
Jurisdiction
SCOTT
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.74 ac
Zoning
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.
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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