Property profile

3615 Flint Ridge Dr Burlington, IA 52601

FOR SALE
Flex space
Property ID
US25-0043591
8,154 SF 0.99 ac lot Built 2002
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Furniture & Home Goods

Location

3615 Flint Ridge Dr Burlington, IA 52601
Burlington metro Census 800 BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
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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

since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A

Zoning & alternative use

M2 · Burlington, IA
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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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