Storefront Property with Private
For Sale
$360,000
1307 Broadway Street, West Burlington, IA 52655
Commercial Sale, West Burlington, IA
Property Size2,354 SF
Lot Size2.17 Acres
Price / SF$152.93
Days on Market48
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: Oct 22
Last Checked: Oct 28 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,354-square-foot storefront property sits on 2.17 acres and was built in 2000. The single-level interior includes three private rooms, an open area with large picture windows, a public restroom, a separate staff restroom, and an employee kitchenette. The accessible entrance has a ramp and double doors. Brick and vinyl siding form the exterior, and forced-air heating serves the building.
The interior is mid-renovation. Existing cabinetry and building supplies may convey through negotiation. Recent property work includes a new roof and an expanded parking area.
The interior is mid-renovation. Existing cabinetry and building supplies may convey through negotiation. Recent property work includes a new roof and an expanded parking area.
Key Highlights
- 2,354‑square‑foot storefront building on 2.17 acres
- Three private rooms, open area, public restroom, staff restroom, and employee kitchenette
- Single‑level building with ramp access and double entry doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,715
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
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
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 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 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$588.2K
$514.7K – $686.3K
NOI $41,176 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Frequently Asked Questions
What type of property is this?
Storefront property - An accessible, single-level layout includes separate work areas, open space, and restrooms for staff and visitors.
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 $360,000.
What are key features of this property?
This property features: 2,354‑square‑foot storefront building on 2.17 acres; Three private rooms, open area, public restroom, staff restroom, and employee kitchenette; Single‑level building with ramp access and double entry doors
