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Property profile & analytics
OFF-MARKET
Golf courses & driving ranges
1204 Washington St Burlington, IA 52601-4347
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-2578147
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1900
Construction
FRAME
Total area
839 SF
Lot
0.77 ac (33,541 SF)
Zoning code
M1
APN
11-32-380-035
UPID
US25-2578147
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
-
Regal On The Hill Event Center Hotel & Motel Resort
-
Cornerstone Hotel & Motel Resort
-
Cornerstone Wedding & Event Center Hotel & Motel Resort
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
Logan J Brincks · 3 yrs held
Logan J Brincks
since 2022
Last sale
$194,900
4 recorded transactions
Zoning & alternative use
M1 · 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 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,730
Tax year 2021
Assessed value
$199,300
Assessed 2023
Previous assessed
$85,000
+134.5% YoY
Effective rate
0.87%
On assessed value
Assessed land
$33,500
Assessed improvement
$165,800
Land market value
$33,500
Improvement market value
$165,800
Total market value
$199,300
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Buildings
4
Stories
1
Total area
839 SF
Lot
0.77 ac (33,541 SF)
Zoning code
M1
APN
11-32-380-035
UPID
US25-2578147
Jurisdiction
DES MOINES
Zoning & alternative use
M1 · Burlington, IA
Zoning M1 · permitted uses
M1 · Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
1
Buildings
4
Lot
0.77 ac
Current owner
From public records · entity-resolved
Logan J Brincks
Individual
Mailing address
2832 LESYLVIA ST, BURLINGTON, IA 52601-2110
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$207,500
Logan J Brincks
Steven E Stoll
Warranty Deed
$180,000 · Connection Bank
Sep 10, 2018
$65,000
Steven E Stoller
Heritage Trust For The Preservati
Grant Deed
—
Nov 16, 2012
—
Larry W Rheinschmidt JR.
Midwest Manufacturing Corp
Warranty Deed
related
—
Oct 18, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
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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