Turn-Key Building: Restaurant or
605 S 10th. St. Burlington, IA 52601
605 S 10th. St., Burlington, IA, 52601
Contact for pricing
For Sale
Contact for pricing
Turn-key building suitable for restaurant, retail, or office use.
Property Size3,716 SF
Price / SF$104.68
Days on Market71
Property Features for 605 S 10th. St.
General Information
- Standard status
- Active
- Size
- 3,716 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1989
Listing Agency
Century 21 Property Professionals
Listed by
Deb Fowler · License #B39034000
Source
Crexi
Added: May 12 Updated: Jul 10 at 3:58 pm Checked: Jul 20 at 6:25 am
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 Professionals
Investment Insights
Based on property information with market context.
This turn-key building presents an opportunity for various business ventures, including a restaurant, retail space, or office. Currently operating as RonDavoo Pizza, the property includes equipment and furnishings. The building has a size of 3716 square feet.
Key Highlights
- Turn‑key building ready for immediate use.
- Includes equipment and furnishings for a restaurant.
- Suitable for restaurant, office, retail, or other business.
Local Financial Insights For Specialty Retail
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 | $45.5k | $12.24 |
| − Vacancy | −$2.8k | −$0.76 |
| EGI | $42.7k | $11.48 |
| − OpEx | −$10.7k | −$2.87 |
| NOI | $32.0k | $8.61 |
3,716 SF · lease $12.24/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$457.1K
$400.0K – $533.3K
NOI $31,998 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$928.6K
$812.5K – $1.08M
NOI $65,000 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
RonDavoo Pizza
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turn-key building suitable for restaurant, retail, or office use.
Where is this conventional restaurant located?
The property is located at 605 S 10th. St. Burlington, IA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Turn‑key building ready for immediate use.; Includes equipment and furnishings for a restaurant.; Suitable for restaurant, office, retail, or other business.
