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Property profile & analytics
OFF-MARKET
Medical Office Space
118 Wheeler St, West Burlington, IA 52655-1244
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0220206
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
FRAME
Total area
5,168 SF
Lot
0.32 ac (13,983 SF)
Zoning code
B1
APN
10-36-104-014
UPID
US25-0220206
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
-
Self-Reliance Inc Social Service Agency Charitable Organization
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
Jpn Asset Management LLC · 5 yrs held
Jpn Asset Management LLC
since 2020
Last sale
$275,000
5 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
$5,352
Tax year 2021
Assessed value
$391,900
Assessed 2023
Previous assessed
$391,900
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$21,000
Assessed improvement
$370,900
Land market value
$21,000
Improvement market value
$370,900
Total market value
$391,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
NONE
Buildings
3
Stories
1
Units
1
Rooms
1
Total area
5,168 SF
Lot
0.32 ac (13,983 SF)
Zoning code
B1
APN
10-36-104-014
UPID
US25-0220206
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
1977
Construction
FRAME
Heating
NONE
Stories
1
Buildings
3
Units
1
Rooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Jpn Asset Management LLC
Entity
Mailing address
PO BOX 68, BURLINGTON, IA 52601-0068
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
$275,000
Jpn Asset Management LLC
Mccann Properties LLC
Warranty Deed
$201,043 · Two Rivers Bank & Trust
Aug 3, 2020
—
Jpn Asset Mgmt LLC
—
Deed
related
$201,042 · Two Rivers Bk
Jul 17, 2018
$247,500
Mccann Props LLC
Oladele-ajose LLC
Warranty Deed
$198,000 · Fort Madison Bk&tr
Jul 30, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Jpn Asset Mgmt LLC
—
Deed Of Trust
related
$201,042 · Two Rivers 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.
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