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Property profile & analytics
OFF-MARKET
Apartment buildings
224 8th St Burlington, IA 52601-5701
Entity Owned
4-yr Hold
Free & Clear
Property ID
US25-2559129
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1895
Construction
BRICK
Total area
2,824 SF
Lot
0.16 ac (7,013 SF)
Zoning code
R4
APN
16-05-254-005
UPID
US25-2559129
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
Ce Realty LLC Series J · 4 yrs held
Ce Realty LLC Series J
since 2021
5 recorded transactions
Zoning & alternative use
R4 · 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
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 2018Property tax & assessments
Tax year 2018
Tax billed
$1,682
Tax year 2018
Assessed value
$159,900
Assessed 2023
Previous assessed
$159,900
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$8,500
Assessed improvement
$151,400
Land market value
$8,500
Improvement market value
$151,400
Total market value
$159,900
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
1895
Construction
BRICK
Heating
YES
Cooling
NONE
Stories
2
Rooms
15
Bathrooms
5
Total area
2,824 SF
Lot
0.16 ac (7,013 SF)
Zoning code
R4
APN
16-05-254-005
UPID
US25-2559129
Jurisdiction
DES MOINES
Zoning & alternative use
R4 · Burlington, IA
Zoning R4 · permitted uses
R4 · 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
1895
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Rooms
15
Bathrooms
5
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ce Realty LLC Series J
Entity
Free & Clear · 4 yrs held
Mailing address
623 N 7TH ST, BURLINGTON, IA 52601-5036
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
—
Ce Realty LLC Series J
—
Deed
related
$180,000 · Connection Bank
Aug 24, 2021
—
Ce Realty LLC Series J
Christopher J Madigan
Warranty Deed
—
Aug 16, 2021
—
Christopher J Madigan
Burlington City
Quit Claim Deed
related
—
Jul 28, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Ronald V Stoneking
—
Loan Modification
related
$100,145 · Us Bank NA
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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