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    FOR SALE
    Flex space

    3615 Flint Ridge Dr, Burlington, IA 52601

    8,154 SF 0.99 ac lot Built 2002
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US25-0043591
    Property summary
    AI-generated overview

    This exceptional 8,100 square foot commercial property at 3615 Flint Ridge Drive in Burlington, IA, presents a unique investment opportunity. The building boasts a well-maintained interior and offers a versatile layout suitable for a variety of businesses. Over 2,500 square feet of finished retail space is located at the front, providing ample room for customer interaction and display. Two offices, each equipped with gas forced air (GFA) heating and central air conditioning, offer private workspaces. The property's true strength lies in its expansive warehouse/manufacturing space, encompassing nearly 6,000 square feet. This area features essential amenities for efficient operations, including air lines, 3-phase electrical service, overhead doors, and a loading dock. The building also includes one full bathroom and two half bathrooms. Priced at $850,000, this property offers significant value, considering the substantial square footage and the cost to replicate such a well-equipped building. The asking price translates to approximately $105 per square foot, making it an attractive proposition for discerning investors seeking a versatile and well-maintained commercial space in a desirable location.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 2002
    Construction FRAME
    Total area 8,154 SF
    Lot 0.99 ac (43,212 SF)
    Zoning code M2
    APN 15-01-126-018
    UPID US25-0043591
    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
    • Kitchens Plus Hardware & Home Improvement Furniture & Home Goods
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $612k
    Blend (final) Blend
    $610k
    Owner & transaction history
    Kitchens Plus INC · 8 yrs held
    Kitchens Plus INC
    since 2018
    2 recorded transactions
    2018
    1969
    Zoning & alternative use
    M2 · Burlington, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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