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Property profile & analytics
OFF-MARKET
Auto shops
109 Mt Pleasant St, West Burlington, IA 52655-1232
Entity Owned
3-yr Hold
Free & Clear
Property ID
US25-0259579
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1967
Total area
4,858 SF
Lot
0.48 ac (20,996 SF)
Zoning code
B1
APN
10-36-105-012
UPID
US25-0259579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Schlueter's Auto Service Auto Repair Shop
-
Farmers & Merchants Bank & Trust Bank Loan Service
-
Sinclair Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Schluteter Properties INC · 3 yrs held
Schluteter Properties INC
since 2022
Last sale
$200,000
6 recorded transactions
Zoning & alternative use
B1 · West Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Burlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$3,480
Tax year 2021
Assessed value
$253,000
Assessed 2023
Previous assessed
$191,800
+31.9% YoY
Effective rate
1.38%
On assessed value
Assessed land
$63,000
Assessed improvement
$190,000
Land market value
$63,000
Improvement market value
$190,000
Total market value
$253,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1967
Heating
NONE
Buildings
2
Stories
1
Rooms
1
Total area
4,858 SF
Lot
0.48 ac (20,996 SF)
Zoning code
B1
APN
10-36-105-012
UPID
US25-0259579
Jurisdiction
DES MOINES
Zoning & alternative use
B1 · West Burlington, IA
Zoning B1 · permitted uses
B1 · West Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Burlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
1
Buildings
2
Rooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Schluteter Properties INC
Entity
Free & Clear · 3 yrs held
Mailing address
2106 SUMMER ST, BURLINGTON, IA 52601-3322
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
—
Schlueter Properties INC
—
Deed
related
$360,000 · Two Rivers Bank & Trust
Dec 21, 2022
—
Schluteter Properties INC
Mark S Schlueter
Quit Claim Deed
related
—
Feb 5, 2018
—
Mark S Schlueter
—
Deed
related
$317,703 · Lee Cnty Bk
Nov 7, 2014
$200,000
Mark S Schlueter
Dennis L Hyde
Warranty Deed
$305,000 · Farmers Savings Bank
Dec 12, 2012
$228,000
Dennis L Hyde
Siegel,robert H & Janette K
Warranty Deed
—
—
—
Mark S Schlueter
—
Deed Of Trust
related
$317,703 · Lee Cnty Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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