Brick Office
For Sale
$299,000
3031 Flint Hills Drive, Burlington, IA 52601
Private offices, an open reception area, and updated interior finishes support a professional workplace.
Property Size2,228 SF
Price / SF$134.20
Days on Market380
Property Features for 3031 Flint Hills Drive
General Information
Standard status
Active
Size
2,228 SF
Total Parking Spaces
20
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,492
Building Details
Building Size
2,228 SF
Year Built
1968
Buildings
1
Units
1
Construction
brick
Tenancy
Multi
Listing Agency:
Century 21/Property Profession
(319) 753-6000
Listed By:
Deborah Fowler · License #***
(319) 759-1672
Source:
Davisandpalmer
Added: Oct 13, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21/Property Profession
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Investment Insights
Based on property information with market context.
This 1968 office building in Burlington features all-brick construction, private office rooms, and an open reception area. Recent interior work includes new paint and flooring, along with updated lighting. Side and rear entrances provide additional points of entry for staff and visitors.
The property includes 15–20 parking spaces. Its office layout and refreshed finishes are key features of the building.
The property includes 15–20 parking spaces. Its office layout and refreshed finishes are key features of the building.
Key Highlights
- All‑brick office building constructed in 1968
- Private offices and an open reception area
- New paint and flooring, with updated lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,459
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,180
$549.2K
Cap Rate 7%
$392,271
$392.3K
Cap Rate 9%
$305,100
$305.1K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$44.6K $20.04/SF
− Vacancy
−$8.0K −$3.61/SF
EGI
$36.6K $16.43/SF
− OpEx
−$9.2K −$4.11/SF
NOI
$27.5K $12.32/SF
Area
Des Moines County, IA
Vacancy
18.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,180
Cap Rate 7%
$392,271
Cap Rate 9%
$305,100
Alternative Uses
Best Use
Office B
$392.3K
$343.2K – $457.7K
NOI $27,459 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.7K
$487.2K – $649.5K
NOI $38,972 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Private offices, an open reception area, and updated interior finishes support a professional workplace.
Where is this office building located?
The property is located at 3031 Flint Hills Drive Burlington, IA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: All‑brick office building constructed in 1968; Private offices and an open reception area; New paint and flooring, with updated lighting
