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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
305 Old Hwy 34th E Danville, IA 52623-9721
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-0069619
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1960
Construction
FRAME
Total area
2,052 SF
Lot
0.25 ac (11,021 SF)
APN
09-15-154-008
UPID
US25-0069619
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
-
Phillips 66 Gas Station
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
Bnb LLC · 1 yrs held
Bnb LLC
since 2024
Last sale
$215,000
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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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 2021Property tax & assessments
Tax year 2021
Tax billed
$6,920
Tax year 2021
Assessed value
$270,100
Assessed 2023
Previous assessed
$270,100
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$13,800
Assessed improvement
$256,300
Land market value
$13,800
Improvement market value
$256,300
Total market value
$270,100
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
CONVENIENCE STORE
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
NONE
Buildings
3
Stories
1
Rooms
1
Total area
2,052 SF
Lot
0.25 ac (11,021 SF)
APN
09-15-154-008
UPID
US25-0069619
Jurisdiction
DES MOINES
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
1960
Construction
FRAME
Heating
NONE
Stories
1
Buildings
3
Rooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Bnb LLC
Entity
Mailing address
2559 CANTERBURY RD, MUSCATINE, IA 52761-9799
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 18, 2024
$360,000
Bnb LLC
Ajay Kshetry
Deed
$36,000 · Ajay Kshetry Etux
Jun 15, 2020
$215,000
Ajay Kshetry
Hg Ent LLC
Warranty Deed
—
Jun 15, 2020
$65,359
Ayan LLC
Ajay Kshetry
Grant Deed
related
$230,000 · First Nat'l Bk/muscatine
Jul 24, 2015
$227,000
Hg Ents LLC
Shepard & Shepard Holdings LLC
Warranty Deed
$208,000 · Ih Ms Vly Cu
Jan 14, 2014
$287,000
Hg Ents LLC
Shepart & Shepard Holdings LLC
Dual Purpose Document
related
$229,600 · Shepard & Shepard Holdings LLC
Mar 26, 2010
$217,000
Shepard & Shepard Holdings LLC
Old 34 Gas & Grill LLC
Warranty Deed
related
$290,000 · State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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