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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Grocery and convenience stores
350 University Ave Waukee, IA 50263-8138
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-2585794
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Total area
3,358 SF
Lot
1.57 ac (68,389 SF)
APN
1604119001
UPID
US25-2585794
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
-
Kum & Go Gas Station
-
ATM (Kum & Go) Atm Convenience Store
-
Amazon Hub Counter - KUM & GO #0075 Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Caseys Marketing Company
Caseys Marketing Company
since 2025
Last sale
$2.0M
7 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 Waukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukee 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
$1,525,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $2.01M (Jul 21 2025)
Last sale anchor
$2.01M
Jul 21 2025
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
$454 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$50,584
Tax year 2022
Assessed value
$1,774,440
Assessed 2023
Previous assessed
$1,639,880
+8.2% YoY
Effective rate
2.85%
On assessed value
Assessed land
$820,670
Assessed improvement
$953,770
Land market value
$820,670
Improvement market value
$953,770
Total market value
$1,774,440
Applied tax rate
500,010.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
3,358 SF
Lot
1.57 ac (68,389 SF)
APN
1604119001
UPID
US25-2585794
Jurisdiction
DALLAS
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
2005
Heating
NONE
Stories
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Caseys Marketing Company
Entity
Mailing address
475 SE ALICES RD STE D, WAUKEE, IA 50263-9637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
$2,005,000
Caseys Marketing Company
JR Boesen Developmetn LLC
Warranty Deed
—
Jan 25, 2022
$1,750,000
JR Boesen Development LLC
Kdc Investments Lc
Warranty Deed
$1,800,000 · Freedom Financial Bank
Dec 21, 2020
$1,650,000
Kdc Invs Lc
Lassaux Waukee LLC
Warranty Deed
$1,320,000 · West Bk
Apr 9, 2013
—
Lassaux Waukee LLC
—
Deed Of Trust
related
$1,225,000 · City State Bank
Sep 12, 2007
$1,257,000
Lassaux Waukee LLC
Hurd Waukee LLC
Warranty Deed
$800,000 · Hurd Waukee LLC
Jan 23, 2006
$1,232,000
Hurd Waukee LLC
Rai Restaurants INC
Grant Deed
$1,000,000 · Bankers Trust Co
—
—
Lassaux Waukee LLC
—
Deed Of Trust
related
$800,000 · West 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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