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    Property profile & analytics

    308 Burlington Ave Fairfield, IA 52556-3241

    • Gas stations
    • 2,358 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US25-1421863
    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

    • bp / Gas Station
    • Smithburg Automotive / Auto Repair Shop

    Property Details for 308 Burlington Ave

    Year built
    1959
    Lot size
    0.42 lot acres
    Property size
    2,358 SF
    Property type
    Gas stations
    APN
    06-25-351-001
    APU
    625351001

    Description

    This exceptional 0.42-acre commercial property at 308 W Burlington Avenue, Fairfield, IA, is ideally situated on a prominent corner lot at the intersection of Burlington Avenue and 4th Street, offering unparalleled visibility and accessibility. Priced at $435,000, this property presents a unique opportunity for redevelopment or repurposing. The existing building features solar power, a significant advantage for energy efficiency and cost savings. Its location in the heart of Fairfield ensures high traffic volume and exposure to a substantial customer base. The spacious lot allows for a variety of development options, making it suitable for a wide range of commercial uses, including retail establishments, automotive services, or other new construction projects. This prime location offers immense potential for entrepreneurs and investors seeking a high-impact commercial venture in a thriving Iowa community. The property's strategic placement and existing infrastructure make it an attractive investment with significant upside potential. The existing building's solar capabilities represent a substantial cost-saving feature, further enhancing the property's value proposition. Serious inquiries are encouraged to explore the possibilities this exceptional Fairfield commercial property offers. The size of the building is not currently specified, but the expansive lot size provides ample room for expansion or new construction. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a desirable Iowa market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $185,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $185,000
      Mixed-Use
      $195,000
      Hospitality
      $195,000
      Educational
      $160,000
      Residential Income
      $180,000
      Energy
      $170,000
      Income-Based Land
      $200,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Iowa
    Longitude
    -91.9676
    Latitude
    41.0064
    CBSA code
    21840
    CBSA name
    FAIRFIELD, IA 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
    2022
    $7,192
    $90,800
    $245,700
    $336,500
    -
    $90,800
    $245,700
    $336,500

    Comparable in this City

    • Value Estimation
      $185,000
      1,765 SF

      401 Burlington Ave

      SERVICE STATION (FULL SERVICE) • 1,765 SF
      401 Burlington Ave, Fairfield, IA 52556-3244
      View Details
    • Value Estimation
      $255,000
      4,144 SF

      407 Burlington Ave

      SERVICE STATION (FULL SERVICE) • 4,144 SF
      407 Burlington Ave, Fairfield, IA 52556-3244
      View Details
    • Value Estimation by Request
      6,200 SF

      3200 Burlington Ave

      VEHICLE SALES, RENTALS • 6,200 SF
      3200 Burlington Ave, Fairfield, IA 52556-4307
      View Details
    • Value Estimation by Request
      5,184 SF

      2808 Burlington Ave

      VEHICLE SALES, RENTALS • 5,184 SF
      2808 Burlington Ave, Fairfield, IA 52556-2646
      View Details
    • Value Estimation
      $520,000
      6,952 SF

      1001 Burlington Ave

      AUTO REPAIR, GARAGE • 6,952 SF
      1001 Burlington Ave, Fairfield, IA 52556-2763
      View Details
    • Value Estimation by Request
      4,264 SF

      104 2nd St

      AUTO REPAIR, GARAGE • 4,264 SF
      104 2nd St, Fairfield, IA 52556-2855
      View Details

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    308 Burlington Ave
    Fairfield, IA 52556-3241
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    Realmo Value Estimation

    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.

    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.

    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
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