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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Grocery and convenience stores
602 Broadway Ashland, MO 65010-9310
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US48-0437890
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Total area
5,308 SF
Lot
1.41 ac (61,420 SF)
APN
24-508-00-14-001.00 01
UPID
US48-0437890
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
-
FastLane Ashland Grocery & Convenience Store
-
McDonald's Restaurant Take-out & Catering
-
Phillips 66 Gas Station
-
ATM (Fastlane Convenience Store) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$580k
Owner & transaction history
The Baker Family Co III LLC · 2 yrs held
The Baker Family Co III LLC
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$785,000
+543.5%
Retail stores
$625,000
+409.4%
Office building
$575,000
+368.6%
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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
by Request
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$785,000
Change: +543% · Conversion: Easy
RETAIL STORES
$625,000
Change: +409% · Conversion: Easy
OFFICE BUILDING
$575,000
Change: +369% · Conversion: Moderate
RESTAURANT
$570,000
Change: +367% · Conversion: Difficult
AUTO REPAIR, GARAGE
$350,000
Change: +187% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$109 / 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
Assessed value
$257,376
Assessed 2024
Previous assessed
$257,376
+0.0% YoY
Assessed land
$78,624
Assessed improvement
$178,752
Land market value
$245,700
Improvement market value
$558,600
Total market value
$804,300
Applied tax rate
2.0000
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
1999
Heating
YES
Cooling
CENTRAL
Stories
9
Units
1
Bathrooms
6
Total area
5,308 SF
Lot
1.41 ac (61,420 SF)
APN
24-508-00-14-001.00 01
UPID
US48-0437890
Jurisdiction
BOONE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$785,000
RETAIL STORES
Est. value
$625,000
OFFICE BUILDING
Est. value
$575,000
RESTAURANT
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$350,000
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1999
Heating
YES
Cooling
Yes
Stories
9
Units
1
Bathrooms
6
Lot
1.41 ac
Current owner
From public records · entity-resolved
The Baker Family Co III LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2299 S SPOEDE LN, WARRENTON, MO 63380-7627
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
—
The Baker Family Co III LLC
The Baker Family Company
Special Warranty Deed
—
Dec 31, 2019
—
Baker Family Co
—
Grant Deed
related
$16,251,141 · Central Bk/st Louis
May 9, 2013
—
Baker Family Co
—
Deed Of Trust
related
$13,106,150 · First 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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