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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Strip malls
3160 Agency St Burlington, IA 52601-1900
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US25-0020272
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
11,204 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C2
APN
11-31-301-004
UPID
US25-0020272
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
-
Krafty Kids Discount Store (Bike/Boat/Book/etc) Store
-
Castle Fireworks LLC Big Box & Wholesale Store Party Supply Store
-
Arona Home Essentials Burlington Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Aterra 8 3160 Agcy Burlington · 19 yrs held
Aterra 8 3160 Agcy Burlington
since 2006
3 recorded transactions
Zoning & alternative use
C2 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this District is to provide for commercial business activities of a more general retail and wholesale nature, where no manufacturing, assembling, or fabrication is involved without the intrusion of residential dwellings and heavy industry
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
555.22 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
APARTMENT HOUSE (5+ UNITS)
$1,110,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,035,000
Change: 0% · Conversion: Easy
RESTAURANT
$935,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$870,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$640,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$83 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$29,622
Tax year 2021
Assessed value
$1,090,800
Assessed 2023
Previous assessed
$957,600
+13.9% YoY
Effective rate
2.72%
On assessed value
Assessed land
$437,500
Assessed improvement
$653,300
Land market value
$437,500
Improvement market value
$653,300
Total market value
$1,090,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Rooms
1
Total area
11,204 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C2
APN
11-31-301-004
UPID
US25-0020272
Jurisdiction
DES MOINES
Zoning & alternative use
C2 · Burlington, IAZoning C2 · permitted uses
C2 · 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 provide for commercial business activities of a more general retail and wholesale nature, where no manufacturing, assembling, or fabrication is involved without the intrusion of residential dwellings and heavy industry
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
555.22 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT
Est. value
$935,000
OFFICE BUILDING
Est. value
$895,000
MEDICAL BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$745,000
INDUSTRIAL (GENERAL)
Est. value
$640,000
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1986
Heating
NONE
Stories
1
Rooms
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Aterra 8 3160 Agcy Burlington
Individual
Mailing address
1001 GRAND AVE, WEST DES MOINES, IA 50265-3502
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2006
$550,000
Aterra 8 3160 Agcy Burlington
Arado,donald L & Ellen
Warranty Deed
$495,000 · Liberty Federal Savings Bank
—
—
Aterra 8 3160 Agcy Burlington
—
Deed Of Trust
related
$350,000 · Liberty Federal Savings Bank
—
—
Aterra 8 3160 Agency Burlingto
—
Deed Of Trust
related
$792,000 · Freedom Financial Bank
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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