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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1919 S Main St Burlington, IA 52601

    • Individual retail properties
    • 2,464 SF
    • 0.11 lot acres
    For Sale
    View listing
    $39,900
    Last Sale
    May 13, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0274996
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • A Cut Above / Beauty Salon

    Property Details for 1919 S Main St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    2,464 SF
    Zone code
    R2
    Property type
    Individual retail properties
    APN
    16-09-157-026
    APU
    1609157026

    Description

    This exceptional 2,432 square foot commercial property, situated on a 0.11-acre lot at 1919 S. Main St., Burlington, IA 52601, presents a unique investment opportunity. Currently vacant, this special-purpose building boasts significant potential for redevelopment. Previously utilized as a salon with a separate one-bedroom apartment above, featuring a private entrance and newly installed stairway, the property offers versatile layout options. The main level could easily be converted into a one- or two-bedroom residential unit, maximizing rental income potential. Many new windows have been installed, reducing future maintenance costs. The property includes an attached two-car garage and additional parking accessible from the alley, providing ample space for residents or clients. Its convenient location offers proximity to parks and walking trails, enhancing its appeal. Sold as-is, this property requires vision and renovation, but the rewards for a savvy investor are substantial. The asking price is $79,900. This is a chance to transform a building with history into a thriving commercial or mixed-use space in a desirable location. Don't miss this opportunity to capitalize on the potential of this unique property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $180,000
      Market price range: $169k - $418k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.099
    Latitude
    40.7902
    CBSA code
    15460
    CBSA name
    BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $1,046
    $7,200
    $54,000
    $61,200
    -
    $7,200
    $54,000
    $61,200

    Comparable in this City

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      422 Leebrick St

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    • Value Estimation
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      709 SF

      1501 Osborn St

      BARBER, HAIR SALON • 709 SF
      1501 Osborn St, Burlington, IA 52601-4546
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    • Value Estimation by Request
      936 SF

      1627 Agency St

      BARBER, HAIR SALON • 936 SF
      1627 Agency St, Burlington, IA 52601-2866
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    • Value Estimation
      $115,000
      2,694 SF

      1901 Madison Ave

      LAUNDROMAT (SELF-SERVICE) • 2,694 SF
      1901 Madison Ave, Burlington, IA 52601-6349
      View Details
    • Value Estimation by Request
      750 SF

      829 Oak St

      BARBER, HAIR SALON • 750 SF
      829 Oak St, Burlington, IA 52601-4746
      View Details

    Similar Nearby for Sale

    • New
      $39,900
      2,464 SF

      Burlington Mixed-Use Property For Sale

      Mixed-use property with income potential in a desirable Burlington location.
      1919 S Main St, Burlington, IA 52601
      View Details
    • $254,500
      0.05 Acres

      Historic Commercial Building in Burlington

      Historic commercial building with original features and modern amenities.
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      Well-maintained commercial property with retail, office, and warehouse space.
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    • $495,000
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      Downtown Burlington Restaurant - Turnkey Operation

      Established Italian eatery, prime location, includes FF&E.
      316 4Th St, Burlington, IA 52601
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    • $149,900
      0.02 Acres

      Burlington, IA Turnkey Salon Space

      Fully renovated, 750 sq ft salon, prime location.
      829 Oak St, Burlington, IA 52601
      View Details
    • $2,500,000
      12.90 Acres

      Burlington Crossing: 12.9 Acres

      Prime Retail & Multifamily Land
      0 Agency St, Burlington, IA 52601
      View Details

    Similar Nearby for Lease

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      Downtown Burlington Creative Office Space

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      Downtown Burlington Office Space

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    • $14 SF/Yr
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      2750 Mount Pleasant St

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    • Contact for pricing
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      Agency Commons: Burlington Retail Space

      Prime Burlington retail space, 11,800 sq ft available.
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    • $15 SF/Yr
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      Burlington Retail Center Opportunity

      High-traffic retail space available.
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    • $6 SF/Yr
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      Eagles Building: Historic Downtown Office

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      View Details
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    1919 S Main St
    Burlington, IA 52601
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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