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Property profile & analytics
OFF-MARKET
Apartment buildings
1329 8th St Burlington, IA 52601-4756
Entity Owned
~
Est. High Equity
Property ID
US25-0165709
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1880
Construction
FRAME
Total area
3,892 SF
Lot
0.15 ac (6,665 SF)
Zoning code
R3
APN
11-32-276-020
UPID
US25-0165709
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
Fieldstone Ventures LLC
Fieldstone Ventures LLC
since 2026
Last sale
$115,000
4 recorded transactions
Zoning & alternative use
R3 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to allow for low and medium density neighborhoods by providing varying area requirements
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
525.97 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,076
Tax year 2021
Assessed value
$177,000
Assessed 2023
Previous assessed
$177,000
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$8,400
Assessed improvement
$168,600
Land market value
$8,400
Improvement market value
$168,600
Total market value
$177,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
YES
Cooling
NONE
Stories
2
Rooms
16
Bathrooms
1
Total area
3,892 SF
Lot
0.15 ac (6,665 SF)
Zoning code
R3
APN
11-32-276-020
UPID
US25-0165709
Jurisdiction
DES MOINES
Zoning & alternative use
R3 · Burlington, IAZoning R3 · permitted uses
R3 · Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to allow for low and medium density neighborhoods by providing varying area requirements
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
525.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1880
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Rooms
16
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Fieldstone Ventures LLC
Entity
Mailing address
2061 HIGHLAND AVE, BURLINGTON, IA 52601-4449
Ownership since
2026
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
Apr 14, 2026
$152,500
Fieldstone Ventures LLC
Margot & James LLC
Warranty Deed
$120,000
Nov 27, 2023
$115,000
Margot & James LLC
Dustin D Crear
Warranty Deed
$115,000 · Farmers & Merchants Bank & Trust
Oct 10, 2023
—
Aajd Investments INC
Dustin D Crear
Quit Claim Deed
related
—
Apr 6, 2015
$132,000
Dustin D Crear
Sourwine Ronald L & Victoria L
Grant Deed
$105,600 · Farmers & Merchants Nat'l 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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