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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Warehouses
3206 Hershey Ave Muscatine, IA 52761-2081
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2211853
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2010
Total area
52,500 SF
Lot
8.07 ac (351,529 SF)
Zoning code
M1-LIGHT INDUSTRIAL
APN
1304401004
UPID
US25-2211853
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
-
Modern Warehousing Building Warehouse & Storage
-
Menasha Packaging Warehouse & Storage
-
Rolling Oats Ltd Trucking Company
-
Phelps The Uniform Specialists (Bike/Boat/Book/etc) Store
-
Phelps (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.88M
Owner & transaction history
Hershey Industrial Campus LLC · 4 yrs held
Hershey Industrial Campus LLC
since 2021
Last sale
$2.9M
3 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRIAL · Muscatine, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+10.9%
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 Muscatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muscatine 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
$3,385,000
ML approach
$2,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,650,000
Current use
AUTO REPAIR, GARAGE
$4,050,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,650,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±10% · vs last sale $2.90M (Jul 27 2021)
Last sale anchor
$2.90M
Jul 27 2021
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
$55 / 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
$89,786
Tax year 2023
Assessed value
$2,920,200
Assessed 2024
Previous assessed
$2,691,490
+8.5% YoY
Effective rate
3.07%
On assessed value
Assessed land
$290,040
Assessed improvement
$2,630,160
Land market value
$290,040
Improvement market value
$2,630,160
Total market value
$2,920,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2010
Buildings
3
Stories
1
Total area
52,500 SF
Lot
8.07 ac (351,529 SF)
Zoning code
M1-LIGHT INDUSTRIAL
APN
1304401004
UPID
US25-2211853
Jurisdiction
MUSCATINE
Zoning & alternative use
M1-LIGHT INDUSTRIAL · Muscatine, IA
Zoning M1-LIGHT INDUSTRIAL · permitted uses
M1-LIGHT INDUSTRIAL · Muscatine, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Muscatine. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Stories
1
Buildings
3
Lot
8.07 ac
Current owner
From public records · entity-resolved
Hershey Industrial Campus LLC
Entity
Mailing address
2415 PARK AVE, MUSCATINE, IA 52761-5636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jul 27, 2021
$2,900,000
Hershey Industrial Campus LLC
Carver Holdings LLC
Warranty Deed
$2,250,000 · First National Bank Of Muscatine
Mar 16, 2017
$3,115,000
Carver Holdings LLC
Series I Of Tab Investments LLC
Warranty Deed
$2,336,250 · Lincoln Savings Bank
Feb 6, 2009
$2,249,250
Douglas R Buster
Newcomb Properties LLC
Warranty Deed
$3,882,807 · Blackhawk 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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