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Property profile & analytics
OFF-MARKET
Estimated value
$190,000
Grocery and convenience stores
832 Broadway St Larchwood, IA 51241-7764
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-1685636
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1980
Construction
FRAME
Total area
3,364 SF
Lot
0.29 ac (12,425 SF)
Zoning code
COMM-SMALL BUSINESS
APN
391000020100000
UPID
US25-1685636
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
-
Larchwood Quick Stop Grocery & Convenience Store
-
ATM (Larchwood Quick Stop) Atm
-
Shazam Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$210k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190k
Owner & transaction history
Lz51242 LLC · 4 yrs held
Lz51242 LLC
since 2021
Last sale
$210,500
3 recorded transactions
Zoning & alternative use
COMM-SMALL BUSINESS · Larchwood, IA
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 Larchwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Larchwood 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
$190,000
ML approach
$210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$190k
Range $171k – $209k · ±10% · vs last sale $211k (Nov 30 2021)
Last sale anchor
$211k
Nov 30 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
$56 / 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
$4,110
Tax year 2023
Assessed value
$236,110
Assessed 2024
Previous assessed
$236,110
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$25,130
Assessed improvement
$210,980
Land market value
$25,130
Improvement market value
$210,980
Total market value
$236,110
Applied tax rate
391.0000
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
1980
Construction
FRAME
Stories
1
Total area
3,364 SF
Lot
0.29 ac (12,425 SF)
Zoning code
COMM-SMALL BUSINESS
APN
391000020100000
UPID
US25-1685636
Jurisdiction
LYON
Zoning & alternative use
COMM-SMALL BUSINESS · Larchwood, IAZoning COMM-SMALL BUSINESS · permitted uses
COMM-SMALL BUSINESS · Larchwood, IA
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
1980
Construction
FRAME
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Lz51242 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
823 E 14TH ST, SIOUX FALLS, SD 57104-5220
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Lz51241 LLC
—
Deed
related
$246,500 · Dacotah Bank
Nov 30, 2021
$210,500
Lz51242 LLC
Kvbp INC
Warranty Deed
—
Jun 24, 2013
$165,000
Kdvb INC
Ddjh Snyders INC
Warranty Deed
$400,000 · Security Savings 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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