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Property profile & analytics
OFF-MARKET
Turn key restaurants
8385 Birchwood Ct Johnston, IA 50131-3046
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0395089
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Construction
FRAME
Total area
4,958 SF
Lot
1.09 ac (47,524 SF)
Zoning code
PUD
APN
241/00348-741-000
UPID
US25-0395089
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Birchwood Properties LLC · 18 yrs held
Birchwood Properties LLC
since 2008
5 recorded transactions
Zoning & alternative use
PUD · Johnston, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$31,338
Tax year 2020
Assessed value
$891,000
Assessed 2023
Previous assessed
$891,000
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$639,000
Assessed improvement
$252,000
Land market value
$639,000
Improvement market value
$252,000
Total market value
$891,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
4,958 SF
Lot
1.09 ac (47,524 SF)
Zoning code
PUD
APN
241/00348-741-000
UPID
US25-0395089
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.
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Birchwood Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
2335 230TH ST #103, AMES, IA 50014-6326
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Jan 14, 2019
—
Birchwood Crossing Busn Pk I L
—
Trustees Deed
related
$7,196,000 · Bankers Tr
May 15, 2008
—
Birchwood Properties LLC
Walters Homes Ltd
Quit Claim Deed
related
—
—
—
Birchwood Properties LLC
—
Deed Of Trust
related
—
—
—
Birchwood Properties LLC
—
Deed Of Trust
related
$575,000 · First National Bank
—
—
Walters Homes Ltd
—
Deed Of Trust
related
$1,427,850 · Community State 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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