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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Warehouses
3635 Bauer Dr Burlington, IA 52601
Individually Owned
21-yr Hold
Free & Clear
Property ID
US25-0017799
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Total area
12,000 SF
Lot
2.69 ac (117,176 SF)
Zoning code
M2
APN
15-01-452-006
UPID
US25-0017799
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
-
L & L Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$920k
Owner & transaction history
Record Owner · 21 yrs held
Record Owner
since 2004
4 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
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$77 / 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
$18,198
Tax year 2023
Assessed value
$817,500
Assessed 2024
Previous assessed
$723,500
+13.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$76,000
Assessed improvement
$741,500
Land market value
$76,000
Improvement market value
$741,500
Total market value
$817,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
3
Stories
1
Total area
12,000 SF
Lot
2.69 ac (117,176 SF)
Zoning code
M2
APN
15-01-452-006
UPID
US25-0017799
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
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Buildings
3
Lot
2.69 ac
Current owner
From public records · entity-resolved
Record Owner
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 121, WEST POINT, IA 52656-0121
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2020
—
L & L Storage INC
—
Deed
related
$175,000 · Lee Cnty Bk
Oct 6, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
L & L Storage INC
—
Deed Of Trust
related
$150,000 · Lee Bank & Trust Co
—
—
L & L Storage INC
—
Deed Of Trust
related
$410,456 · Pilot Grove Savings 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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