Versatile Commercial Asset in
For Sale
$769,900
3615 Flint Ridge Drive, Burlington, IA 52601
COMMERCIAL - Burlington, IA
Property Size8,100 SF
Lot Size0.99 Acres
Price / SF$95.05
Days on Market71
Property Features for 3615 Flint Ridge Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
FLINT RIDGE BUSINESS PARK 11TH
Directions
Take East Agency St then turn left on West Burlington Ave, then right onto Flint Ridge Drive.
Standard status
Active
APN
15-01-126-018
Size
8,100 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
FLINT RIDGE BUSINESS PARK 11TH ADDTN LOT 4B
Tax Annual Amount
8642
Legal Description
FLINT RIDGE BUSINESS PARK 11TH ADDTN LOT 4B
Utilities
Heating system
Radiant
Water source
Public
Building Details
Year built
2002
Number of units
1
Building materials
Vinyl Siding
Listing Agency:
Century 21/Property Professionals
(319) 753-6000
Listed By:
Elizabeth Ross · License #***
(319) 750-0010
Added: May 21
Last Checked: Jul 30 at 12:06PM
MLS# 6330011
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained commercial property is located in Burlington's Flint Ridge business park, directly across from Lowe's, benefiting from high visibility and steady traffic. The multi-use commercial facility includes both retail/office frontage and a substantial warehouse/manufacturing space in the rear, totaling over 8,100 square feet. The layout features approximately 2,500 square feet of retail/office space and 5,600 square feet of warehouse/manufacturing space. The walls in the retail showroom are removable to create a large open area. The property includes three offices, one full and two half bathrooms, and two overhead doors. Additional features include high ceilings, air lines, gas forced heat, air conditioning, radiant heat, three-phase electric power, and a truck dock. The property is suitable for heavy-duty operations. The property is situated on a 0.99-acre lot.
Key Highlights
- High‑visibility location in Burlington's Flint Ridge business park, directly across from Lowe's.
- Versatile commercial asset with 2500 sq ft of retail/office space and 5600 sq ft of warehouse/manufacturing space.
- Well‑maintained, purpose‑built facility with a total of 8,100 sq ft.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.1k | $12.24 |
| − Vacancy | −$6.1k | −$0.76 |
| EGI | $93.0k | $11.48 |
| − OpEx | −$32.5k | −$4.02 |
| NOI | $60.4k | $7.46 |
8,100 SF · lease $12.24/SF/yr · vacancy 6.20% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.66M
NOI $99,829 @ 7.0% cap · market cap 12.97%
Second Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,365 @ 7.0% cap · market cap 12.39%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,685 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained commercial property with retail, office, and warehouse space.
Where is this flex space located?
The property is located at 3615 Flint Ridge Drive Burlington, IA.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: High‑visibility location in Burlington's Flint Ridge business park, directly across from Lowe's.; Versatile commercial asset with **2500 sq ft of retail/office space** and **5600 sq ft of warehouse/manufacturing space.**; Well‑maintained, purpose‑built facility with a total of 8,100 sq ft.
