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Property profile & analytics
OFF-MARKET
Warehouses
1105 Agency St Burlington, IA 52601-4305
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0253212
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2011
Total area
6,480 SF
Lot
0.94 ac (40,816 SF)
Zoning code
M1
APN
11-32-380-039
UPID
US25-0253212
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
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
Larry W Rheinschmidt JR. · 18 yrs held
Larry W Rheinschmidt JR.
since 2008
2 recorded transactions
Zoning & alternative use
M1 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to allow development of industrial uses that are compatible with a close proximity to residential areas and an intermingling with commercial uses, these district regulations are designed to permit industrial uses that would not be hazardous, obnoxious, offensive, or unsightly by reason of odor, sound, vibrations, radioactivity,…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
375.63 ac
Source
Realmo
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,184
Tax year 2023
Assessed value
$357,300
Assessed 2024
Previous assessed
$316,200
+13.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$31,200
Assessed improvement
$326,100
Land market value
$31,200
Improvement market value
$326,100
Total market value
$357,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Heating
NONE
Stories
1
Rooms
1
Total area
6,480 SF
Lot
0.94 ac (40,816 SF)
Zoning code
M1
APN
11-32-380-039
UPID
US25-0253212
Jurisdiction
DES MOINES
Zoning & alternative use
M1 · Burlington, IAZoning M1 · permitted uses
M1 · Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to allow development of industrial uses that are compatible with a close proximity to residential areas and an intermingling with commercial uses, these district regulations are designed to permit industrial uses that would not be hazardous, obnoxious, offensive, or unsightly by reason of odor, sound, vibrations, radioactivity, electrical interference, glares, liquid or solid waste, smoke, air pollutants or any other characteristics that would be detrimental to the surrounding area
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
375.63 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Stories
1
Rooms
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Larry W Rheinschmidt JR.
Individual
Free & Clear · 18 yrs held
Mailing address
912 MONTICELLO DR, BURLINGTON, IA 52601-8681
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2008
$19,000
Larry W Rheinschmidt JR.
Midwest Manufacturing Corp
Warranty Deed
—
—
—
Larry Rheinschmidt JR.
—
Deed Of Trust
related
$370,000 · Two Rivers Bank & Trust
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.
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