Single-Level Storefront
For Sale
$395,000
1307 Broadway Street, West Burlington, IA 52655
Commercial Sale, West Burlington, IA
Property Size2,354 SF
Lot Size2.17 Acres
Price / SF$167.80
Days on Market17
Property Features for 1307 Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Subdivision
FLINT RIDGE BUSINESS PARK REPL
Directions
South on Broadway
Standard status
Active
APN
15-01-103-007
Lot size
2.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
FLINT RIDGE 8TH ADD REPLAT OF LOT 8A LOT 8A
Tax Annual Amount
8320
Legal Description
FLINT RIDGE 8TH ADD REPLAT OF LOT 8A LOT 8A
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
2000
Number of units
1
Building materials
Brick, Vinyl Siding
Architectural style
Other
Listing Agency:
Century 21/Property Professionals
(319) 753-6000
Listed By:
Tammy Starkey
(319) 457-1290
Added: Sep 11
Changed: Sep 22
Last Checked: Sep 27 at 1:06AM
MLS# 6342605
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 single-level storefront property provides 2,354 square feet of commercial space on 2.17 acres. Built in 2000, the building has brick and vinyl siding, forced-air heat, public water, and an accessible approach with a ramp. A zero-entry entrance with double doors supports convenient access, while the recently installed roof and expanded parking area add to the property’s functional improvements.
The interior is partway through renovation and includes three private rooms, an open area with large picture windows, a public restroom, a staff restroom, and an employee kitchenette. Existing cabinetry and building supplies may convey with the sale by negotiation. Located on Broadway Street in West Burlington, the property sits in an area described as high traffic and surrounded by established businesses.
The interior is partway through renovation and includes three private rooms, an open area with large picture windows, a public restroom, a staff restroom, and an employee kitchenette. Existing cabinetry and building supplies may convey with the sale by negotiation. Located on Broadway Street in West Burlington, the property sits in an area described as high traffic and surrounded by established businesses.
Key Highlights
- 2.17‑acre commercial storefront property
- 2,354 square feet of single‑level space
- Brand‑new roof and expanded parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$554,300
$554.3K
Cap Rate 7%
$395,929
$395.9K
Cap Rate 9%
$307,944
$307.9K
Market Conditions
NOI Build-Up for 2,354 SF
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.
Gross rent
$41.2K $17.52/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$39.6K $16.82/SF
− OpEx
−$11.9K −$5.05/SF
NOI
$27.7K $11.77/SF
Area
Des Moines County, IA
Vacancy
4.00%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$554,300
Cap Rate 7%
$395,929
Cap Rate 9%
$307,944
Alternative Uses
Best Use
Retail
$395.9K
$346.4K – $461.9K
NOI $27,715 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$588.2K
$514.7K – $686.3K
NOI $41,176 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
169k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Home Improvements & Furnishings 18%
Shops & Services 17%
Apparel 6%
Walmart
Superstores
81,397 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
21,807 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,238 visits/mo
0.3 miles
Goodwill
Apparel
9,375 visits/mo
0.3 miles
Murphy USA
Shops & Services
8,187 visits/mo
0.4 miles
Demographics for 52655, IA
4,438
Population
1,874
Households
2.4
Avg Household Size
45
Median Age
23%
College-Educated
93%
High-School Grad
17.5 sq mi
ZIP Area
254
Density / Sq Mi
$54,405
Median Household Income
$29,458
Median Earnings
$826
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Accessible commercial space with recent building updates and a flexible interior configuration for customization.
Where is this storefront property located?
The property is located at 1307 Broadway Street West Burlington, IA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2.17‑acre commercial storefront property; 2,354 square feet of single‑level space; Brand‑new roof and expanded parking lot
