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Property profile & analytics
OFF-MARKET
Estimated value
$7,725,000
Manufacturing properties
3000 Mt Pleasant St Burlington, IA 52601-2064
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0414197
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1946
Total area
391,962 SF
Lot
17.04 ac (742,262 SF)
Zoning code
M2
APN
10-25-300-016
UPID
US25-0414197
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
-
Holtkamp's Trailer Repair Auto Repair Shop
-
Shearer's Foods Burlington Bakery Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.34M
Blend (final)
Blend
$7.73M
Owner & transaction history
Snackhouse Portfolio Property LLC · 4 yrs held
Snackhouse Portfolio Property LLC
since 2022
2 recorded transactions
Zoning & alternative use
M2 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to allow development of large scale industrial uses, these district regulations are designed to permit industrial uses that are essential to the City, but may be known as having a nuisance potential
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
1,196.30 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,745,000
Current use
RETAIL STORES
$11,655,000
Change: -9% · Conversion: Moderate
WAREHOUSE, STORAGE
$10,750,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$7.73M
Range $6.95M – $8.50M · ±10%
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
$20 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$261,322
Tax year 2023
Assessed value
$8,000,000
Assessed 2024
Previous assessed
$8,000,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$459,000
Assessed improvement
$7,541,000
Land market value
$459,000
Improvement market value
$7,541,000
Total market value
$8,000,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1946
Heating
NONE
Buildings
23
Stories
1
Total area
391,962 SF
Lot
17.04 ac (742,262 SF)
Zoning code
M2
APN
10-25-300-016
UPID
US25-0414197
Jurisdiction
DES MOINES
Zoning & alternative use
M2 · Burlington, IAZoning M2 · permitted uses
M2 · 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 allow development of large scale industrial uses, these district regulations are designed to permit industrial uses that are essential to the City, but may be known as having a nuisance potential
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
1,196.30 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.7M
RETAIL STORES
Est. value
$11.7M
WAREHOUSE, STORAGE
Est. value
$10.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Heating
NONE
Stories
1
Buildings
23
Lot
17.04 ac
Current owner
From public records · entity-resolved
Snackhouse Portfolio Property LLC
Entity
Mailing address
1345 AVE OF THE AMERICAS FL, NEW YORK, NY 10105-0302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 23, 2022
—
Snackhouse Portfolio Property LLC
—
Deed
related
$137,598 · Goldman Sachs Bank USA
Dec 12, 2014
—
Shearers Foods Burlington LLC
—
Grant Deed
related
$550,000,000 · Credit Suisse Ag
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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