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Property profile & analytics
OFF-MARKET
Estimated value
$7,710,000
Medical Office Space
1221 Gear Ave, West Burlington, IA 52655-1679
Entity Owned
Free & Clear
Property ID
US25-1093419
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
76,750 SF
Lot
37.58 ac (1,636,985 SF)
Zoning code
I1
APN
15-02-100-004
UPID
US25-1093419
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
-
Two Rivers ATM Great River Medical Center Atm
-
Dr. Jonathan W. Snow, MD Physician
-
Great River Medical Center: Arnold Jonathan F MD Physician
-
Dr. Jose W. Calderon, MD Physician
-
Willoughby Dej Paula DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.11M
Comparable Approach
Comparable
$8.30M
Blend (final)
Blend
$7.71M
Owner & transaction history
SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC
SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC
Zoning & alternative use
I1 · West Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.7M
+45.5%
Apartment house (5+ units)
$7.8M
+30.3%
Office building
$6.3M
+5.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,705,000
6.5%
$7,110,000
7%
$6,605,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,970,000
Current use
COMMERCIAL (GENERAL)
$8,685,000
Change: +46% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,775,000
Change: +30% · Conversion: Moderate
OFFICE BUILDING
$6,280,000
Change: +5% · Conversion: Easy
RESTAURANT
$6,115,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,095,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$7.71M
Range $6.94M – $8.48M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
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
$605,028
Tax year 2021
Assessed value
$38,735,400
Assessed 2023
Previous assessed
$38,735,400
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$3,118,500
Assessed improvement
$35,616,900
Land market value
$3,118,500
Improvement market value
$35,616,900
Total market value
$38,735,400
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
1999
Heating
NONE
Buildings
13
Stories
3
Total area
76,750 SF
Lot
37.58 ac (1,636,985 SF)
Zoning code
I1
APN
15-02-100-004
UPID
US25-1093419
Jurisdiction
DES MOINES
Zoning & alternative use
I1 · West Burlington, IA
Zoning I1 · permitted uses
I1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
OFFICE BUILDING
Est. value
$6.3M
RESTAURANT
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
3
Buildings
13
Lot
37.58 ac
Current owner
From public records · entity-resolved
SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC
Entity
Free & Clear · 0 yrs held
Mailing address
1221 S GEAR AVE, WEST BURLINGTON, IA 52655-1679
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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