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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Grocery and convenience stores
2107 Agency St Burlington, IA 52601-1905
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-0152074
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1981
Total area
2,400 SF
Lot
0.28 ac (12,110 SF)
Zoning code
R2
APN
11-31-452-002
UPID
US25-0152074
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
-
RIVER MART Gas Station
-
Bitcoin Depot - Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$320k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Leo Burlington LLC · 3 yrs held
Leo Burlington LLC
since 2023
Last sale
$515,000
2 recorded transactions
Zoning & alternative use
R2 · 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
Method
Estimation
Statistic approach
$490,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
$345,000
6.5%
$320,000
7%
$295,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $515k (Feb 16 2023)
Last sale anchor
$515k
Feb 16 2023
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
$210 / 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
$4,854
Tax year 2021
Assessed value
$293,800
Assessed 2023
Previous assessed
$225,900
+30.1% YoY
Effective rate
1.65%
On assessed value
Assessed land
$48,400
Assessed improvement
$245,400
Land market value
$48,400
Improvement market value
$245,400
Total market value
$293,800
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1981
Heating
NONE
Stories
1
Rooms
1
Total area
2,400 SF
Lot
0.28 ac (12,110 SF)
Zoning code
R2
APN
11-31-452-002
UPID
US25-0152074
Jurisdiction
DES MOINES
Zoning & alternative use
R2 · Burlington, IA
Zoning R2 · permitted uses
R2 · 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
1981
Heating
NONE
Stories
1
Rooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Leo Burlington LLC
Entity
Mailing address
1500 1ST AVE NE, CEDAR RAPIDS, IA 52402-5124
Ownership since
2023
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
Feb 16, 2023
$515,000
Leo Burlington LLC
Hmd Enterprise LLC
Warranty Deed
$386,250 · Midweston Bank
Jun 25, 2013
$420,051
Hmd Ents LLC
Krause Gentle Corp
Warranty Deed
$434,000 · Wells Fargo Bank
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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