Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2930 Division St Burlington, IA 52601-1616

    • Medical offices
    • 2,156 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Dec 14, 2020
    $525,352
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0327932
    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

    • Burlington Chiropractic Center PC / Chiropractor
    • Daniel Ross Sliwinski / Optometrist
    • Dr. Sarah Sliwinski / Optometrist / Practitioner Service Location
    • Midwest Eye Clinic / Optometrist
    • Dr. Daniel Sliwinski / Optometrist / Practitioner Service Location

    Property Details for 2930 Division St

    Year built
    1966
    Lot size
    0.40 lot acres
    Property size
    2,156 SF
    Zone code
    C1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    16-06-106-019
    APU
    1606106019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1369
    Latitude
    40.808
    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
    $3,756
    $43,500
    $416,700
    $460,200
    -
    $43,500
    $416,700
    $460,200

    Comparable in this City

    • Value Estimation by Request
      2,425 SF

      2721 Mt Pleasant St

      MEDICAL BUILDING • 2,425 SF
      2721 Mt Pleasant St, Burlington, IA 52601-2137
      View Details
    • Value Estimation by Request
      2,644 SF

      1727 Deer Run Dr

      MEDICAL BUILDING • 2,644 SF
      1727 Deer Run Dr, Burlington, IA 52601-2169
      View Details
    • Value Estimation by Request
      3,843 SF

      2743 Mt Pleasant St

      MEDICAL BUILDING • 3,843 SF
      2743 Mt Pleasant St, Burlington, IA 52601-2137
      View Details
    • Value Estimation by Request
      4,866 SF

      700 3rd St

      MEDICAL BUILDING • 4,866 SF
      700 3rd St, Burlington, IA 52601-5043
      View Details
    • Value Estimation
      $525,000
      5,245 SF

      3980 Division St

      MEDICAL BUILDING • 5,245 SF
      3980 Division St, Burlington, IA 52601-8626
      View Details
    • Value Estimation
      $510,000
      5,088 SF

      3017 Ww Ave

      MEDICAL BUILDING • 5,088 SF
      3017 Ww Ave, Burlington, IA 52601-1561
      View Details

    Similar Nearby for Sale

    • New
      $175,900
      0.15 Acres

      Updated Commercial Property in Burlington

      Well-maintained commercial property with modern upgrades and ADA accessibility.
      1240 S Main St, Burlington, IA 52601
      View Details
    • $799,999
      8,100 SF

      Versatile Commercial Asset in Burlington

      Well-maintained commercial property with retail, office, and warehouse space.
      3615 Flint Ridge Dr, Burlington, IA 52601
      View Details
    • $389,900
      0.16 Acres

      Two-Story Office Building with Views

      Two-story office building with Mississippi River views near downtown.
      724 N 3Rd St, Burlington, IA 52601
      View Details
    • $550,000
      1.07 Acres

      Versatile Commercial Property in Burlington

      Commercial property with office, shop, and storage space on 1-acre.
      800 Cash St, Burlington, IA 52601
      View Details
    • $250,000
      0.24 Acres

      Prime Burlington Office Space

      High-traffic location, 3 parcels, great potential.
      2115 Roosevelt Ave, Burlington, IA 52601
      View Details
    • $399,900

      Burlington Office Building - River Views

      Prime Office Space, River Views, Ample Parking
      724 3Rd St, Burlington, IA 52601
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      7,200 SF

      Eagles Building: Historic Downtown Office

      Burlington, IA: Prime Office Space Available
      205 Washington St, Burlington, IA 52601
      View Details
    • $24 SF/Yr
      750 SF

      Riverside Office Suites Available

      Downtown Burlington offices, 4 spaces available.
      600 Main St, Burlington, IA 52601
      View Details
    • $16 SF/Yr
      41,886 SF

      Downtown Burlington Creative Office Space

      Modern Office/Retail, 3,114 SF Available
      424 3Rd St, Burlington, IA 52601
      View Details
    • $10 SF/Yr
      2,016 SF

      Downtown Burlington Office Space

      Prime Main Street office, newly remodeled.
      610 Main St, Burlington, IA 52601
      View Details
    • Contact for pricing
      11,800 SF

      Agency Commons: Burlington Retail Space

      Prime Burlington retail space, 11,800 sq ft available.
      3314 Agency St, Burlington, IA 52601
      View Details
    • $15 SF/Yr
      78,640 SF

      Burlington Retail Center Opportunity

      High-traffic retail space available.
      313 Roosevelt Ave, Burlington, IA 52601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2930 Division St
    Burlington, IA 52601-1616
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.