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Property profile & analytics
OFF-MARKET
Estimated value
$4,680,000
Grocery and convenience stores
416 Cedar St Muscatine, IA 52761-4240
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2303091
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2017
Total area
6,126 SF
Lot
1.98 ac (86,248 SF)
Zoning code
C1-NEIGHBORHOOD-GENERAL
APN
835453013
UPID
US25-2303091
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
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.68M
Owner & transaction history
Sornerfield Investor Jut LLC · 5 yrs held
Sornerfield Investor Jut LLC
since 2021
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
C1-NEIGHBORHOOD-GENERAL · 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
$4,520,000
ML approach
$4,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.68M
Range $4.21M – $5.15M · ±10% · vs last sale $4.99M (Mar 29 2021)
Last sale anchor
$4.99M
Mar 29 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
$764 / 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
$85,182
Tax year 2023
Assessed value
$2,716,680
Assessed 2024
Previous assessed
$2,592,770
+4.8% YoY
Effective rate
3.14%
On assessed value
Assessed land
$711,550
Assessed improvement
$2,005,130
Land market value
$711,550
Improvement market value
$2,005,130
Total market value
$2,716,680
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
2017
Stories
1
Total area
6,126 SF
Lot
1.98 ac (86,248 SF)
Zoning code
C1-NEIGHBORHOOD-GENERAL
APN
835453013
UPID
US25-2303091
Jurisdiction
MUSCATINE
Zoning & alternative use
C1-NEIGHBORHOOD-GENERAL · Muscatine, IAZoning C1-NEIGHBORHOOD-GENERAL · permitted uses
C1-NEIGHBORHOOD-GENERAL · Muscatine, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
2017
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Sornerfield Investor Jut LLC
Entity
Mailing address
3925 UNIVERSITY AVE, DES MOINES, IA 50311-3528
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2021
—
Somerfield Investor Jut LLC
—
Deed
related
$2,775,349 · Greenstate Cu
Mar 29, 2021
$4,990,000
Sornerfield Investor Jut LLC
Dsgs LLC
Warranty Deed
$2,775,349 · Greenstate Cu
Jan 25, 2021
—
Dsgs LLC
—
Deed
related
$4,723,500 · Northwest Bank
Jan 2, 2018
$4,723,500
Dsgs LLC
Kg Store 1436 LLC
Warranty Deed
$3,778,800 · Lincoln Savings Bank
Aug 21, 2017
—
Kg Store 1436 LLC
—
Deed
related
$3,788 · First National Bank Of Omaha
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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