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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Retail properties & Spaces
8277 Birchwood Ct Johnston, IA 50131-3086
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US25-0246599
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2012
Construction
FRAME
Total area
6,990 SF
Lot
2.15 ac (93,610 SF)
Zoning code
PUD
APN
241/00348-713-003
UPID
US25-0246599
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$815k
Owner & transaction history
Jomar Properties LLC · 14 yrs held
Jomar Properties LLC
since 2012
6 recorded transactions
Zoning & alternative use
PUD · Johnston, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+92.5%
Auto repair, garage
$1.1M
+73.6%
Apartment house (5+ units)
$1.1M
+69.2%
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 Johnston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnston 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$625,000
Current use
RESTAURANT
$1,205,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,085,000
Change: +74% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,060,000
Change: +69% · Conversion: Difficult
MEDICAL BUILDING
$1,055,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$935,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$117 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$22,098
Tax year 2020
Assessed value
$862,000
Assessed 2023
Previous assessed
$862,000
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$693,000
Assessed improvement
$169,000
Land market value
$693,000
Improvement market value
$169,000
Total market value
$862,000
Applied tax rate
13.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
YES
Buildings
1
Stories
1
Total area
6,990 SF
Lot
2.15 ac (93,610 SF)
Zoning code
PUD
APN
241/00348-713-003
UPID
US25-0246599
Jurisdiction
POLK
Zoning & alternative use
PUD · Johnston, IA
Zoning PUD · permitted uses
PUD · Johnston, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Johnston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$625,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$935,000
RETAIL STORES
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$690,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2012
Construction
FRAME
Heating
YES
Stories
1
Buildings
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Jomar Properties LLC
Entity
Mailing address
2914 HUBBELL AVE, DES MOINES, IA 50317-3717
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2012
$600,000
Jomar Properties LLC
Perfection Auto Spa II LLC
Warranty Deed
$120,000 · Perfection Auto Spa II LLC
Feb 15, 2005
—
Perfection Auto Spa II LLC
—
Trustees Deed
related
$1,417,500 · Community State Bank
Dec 15, 2004
$550,000
Perfection Auto Spa II LLC
Carmike Cinemas INC
Warranty Deed
$412,500 · Community State Bank
Aug 16, 2004
—
Walters Homes Ltd
—
Trustees Deed
related
$1,428,000 · Community State Bank
—
—
Jomar Properties LLC
—
Deed Of Trust
related
$475,000 · Community State Bank
—
—
Perfection Auto Spa II LLC
—
Deed Of Trust
related
—
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.
Try Rey
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