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    2114 W Mount Pleasant St West Burlington, IA 52655
    Property profile & analytics

    2114 W Mount Pleasant St West Burlington, IA 52655

    View on Map
    • Flex space
    • 8,400 SF
    • 4.15 lot acres
    For Sale
    $840,000
    View Listing →
    Industrial Warehouse on Fenced Lot For Sale
    $840,000
    8,400 SF

    Industrial Warehouse on Fenced Lot

    8,400 SF industrial/warehouse on 4.15 acre fenced lot.

    2114 W Mt Pleasant St, West Burlington, IA 52655
    View Listing
    Property ID
    US25-2566796
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • W.W Transport / Freight Service / Logistics Company

    Property Details for 2114 W Mount Pleasant St

    Year built
    1999
    Lot size
    4.15 lot acres
    Property size
    8,400 SF
    Zone code
    I2
    Property type
    Flex space
    APN
    10-27-400-017
    APU
    1027400017

    Description

    This turnkey industrial warehouse, situated on a 4.15-acre fenced lot in West Burlington, Iowa, presents a compelling investment opportunity. The 8,400-square-foot building, constructed in 1999, boasts six overhead drive-in doors, providing ample access for loading and unloading. The property offers substantial outside storage space, and there's potential to acquire additional contiguous acres. Priced at $840,000 ($100/sq ft), this owner-user property is ideally located just off Highway 34, ensuring easy access and high visibility from West Mount Pleasant Street. The strategic location benefits from significant daily traffic counts: 2,930 vehicles per day on West Mount Pleasant Street and 10,400 vehicles per day on Highway 34 (2022 data). This well-maintained warehouse is ready for immediate occupancy, making it an excellent choice for businesses seeking a functional and strategically located industrial space. The asking price is $840,000, and lease rates are negotiable. The property is located at 2114 W Mt Pleasant St, West Burlington, IA 52655.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $740,000
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $408,000
      Market price range: $71.6k - $442k
      AI Estimate
      $462,000
      Market price range: $166k - $463k

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

    Location Insight

    • Map
    • Local Demand
    City
    West Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1816
    Latitude
    40.8273
    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
    2023
    $10,488
    $150,300
    $421,800
    $572,100
    -
    $150,300
    $421,800
    $572,100

    Comparable in this City

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    • Value Estimation
      $505,000
      16,800 SF

      617 Beaverdale Rd

      LIGHT INDUSTRIAL • 16,800 SF
      617 Beaverdale Rd, West Burlington, IA 52655-9773
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    • Value Estimation by Request
      2,560 SF

      210 Beaverdale Rd

      LIGHT INDUSTRIAL • 2,560 SF
      210 Beaverdale Rd, West Burlington, IA 52655-9768
      View Details
    • Value Estimation by Request
      7,864 SF

      16374 Hwy 34

      LIGHT INDUSTRIAL • 7,864 SF
      16374 Hwy 34, West Burlington, IA 52655-8622
      View Details
    • Value Estimation by Request
      3,432 SF

      106 Washington Rd

      LIGHT INDUSTRIAL • 3,432 SF
      106 Washington Rd, West Burlington, IA 52655-9717
      View Details
    • Value Estimation
      $2,155,000
      53,875 SF

      906 Broadway St

      LIGHT INDUSTRIAL • 53,875 SF
      906 Broadway St, West Burlington, IA 52655-1627
      View Details

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      8,400 SF

      Industrial Warehouse on Fenced Lot

      8,400 SF industrial/warehouse on 4.15 acre fenced lot.
      2114 W Mount Pleasant St, West Burlington, IA 52655
      View Details
    • Contact for pricing

      17-Door Cross-Dock on 2.65 Acres

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    West Burlington, IA 52655
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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.

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