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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Grocery and convenience stores
3509 Steamboat Way Muscatine, IA 52761-9718
Entity Owned
15-yr Hold
Free & Clear
Property ID
US25-2072660
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2004
Total area
5,448 SF
Lot
2.15 ac (93,654 SF)
Zoning code
S3-MIXED USE DEVELOPMENT
APN
828227042
UPID
US25-2072660
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
-
CDReload at Casey's Crypto Atm
-
Casey's Take-out & Catering
-
CDReload - Online Bitcoin ATM Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$535k
Owner & transaction history
Caseys Marketing Landing LLC · 15 yrs held
Caseys Marketing Landing LLC
since 2010
3 recorded transactions
Zoning & alternative use
S3-MIXED USE DEVELOPMENT · Muscatine, 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 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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$605,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: 0% · Conversion: Moderate
RESTAURANT
$505,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$420,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$380,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$380,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$98 / 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
$59,910
Tax year 2023
Assessed value
$1,918,920
Assessed 2024
Previous assessed
$1,845,140
+4.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$363,560
Assessed improvement
$1,555,360
Land market value
$363,560
Improvement market value
$1,555,360
Total market value
$1,918,920
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
2004
Buildings
2
Stories
1
Total area
5,448 SF
Lot
2.15 ac (93,654 SF)
Zoning code
S3-MIXED USE DEVELOPMENT
APN
828227042
UPID
US25-2072660
Jurisdiction
MUSCATINE
Zoning & alternative use
S3-MIXED USE DEVELOPMENT · Muscatine, IAZoning S3-MIXED USE DEVELOPMENT · permitted uses
S3-MIXED USE DEVELOPMENT · Muscatine, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$605,000
OFFICE BUILDING
Est. value
$530,000
RESTAURANT
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$420,000
WAREHOUSE, STORAGE
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$380,000
MEDICAL BUILDING
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2004
Stories
1
Buildings
2
Lot
2.15 ac
Current owner
From public records · entity-resolved
Caseys Marketing Landing LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 54288, LEXINGTON, KY 40555-4288
Ownership since
2010
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
Aug 17, 2010
$1,200,000
Caseys Marketing Landing LLC
Steamboat Landing LLC
Warranty Deed
—
Dec 21, 2007
—
Steamboat Landing LLC
Steamboat Landing Property 2 LLC
Warranty Deed
—
May 9, 2005
—
Steamboat Landing Property 2 LLC
Steamboat Landing LLC
Warranty Deed
—
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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