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Property profile & analytics
OFF-MARKET
Warehouses
2005 Des Moines Ave Burlington, IA 52601-4443
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0014135
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Total area
2,880 SF
Lot
0.84 ac (36,808 SF)
Zoning code
C2
APN
11-29-408-028
UPID
US25-0014135
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
Des Moines Ave Storage LLC · 10 yrs held
Des Moines Ave Storage LLC
since 2016
2 recorded transactions
Zoning & alternative use
C2 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this District is to provide for commercial business activities of a more general retail and wholesale nature, where no manufacturing, assembling, or fabrication is involved without the intrusion of residential dwellings and heavy industry
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
555.22 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,406
Tax year 2023
Assessed value
$163,200
Assessed 2024
Previous assessed
$138,800
+17.6% YoY
Effective rate
1.47%
On assessed value
Assessed land
$45,800
Assessed improvement
$117,400
Land market value
$45,800
Improvement market value
$117,400
Total market value
$163,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
4
Stories
1
Rooms
1
Total area
2,880 SF
Lot
0.84 ac (36,808 SF)
Zoning code
C2
APN
11-29-408-028
UPID
US25-0014135
Jurisdiction
DES MOINES
Zoning & alternative use
C2 · Burlington, IAZoning C2 · permitted uses
C2 · Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this District is to provide for commercial business activities of a more general retail and wholesale nature, where no manufacturing, assembling, or fabrication is involved without the intrusion of residential dwellings and heavy industry
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
555.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Buildings
4
Rooms
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Des Moines Ave Storage LLC
Entity
Mailing address
2636 CLIFFWOOD DR, BURLINGTON, IA 52601-2494
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2016
$62,500
Des Moines Ave Storage LLC
Great Riv Recreation LLC
Warranty Deed
—
Mar 24, 2006
$162,000
Great River Recreation LLC
Ah Ltd Lc
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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