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Property profile & analytics
OFF-MARKET
Manufacturing properties
3800 Ww Ave, Burlington, IA 52601-9435
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0172794
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Total area
103,765 SF
Lot
24.25 ac (1,056,330 SF)
Zoning code
M2
APN
15-01-401-013
UPID
US25-0172794
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
-
Western Smokehouse Partners Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Store Master Funding Xxiv LLC
Store Master Funding Xxiv LLC
since 2025
Last sale
$12.4M
7 recorded transactions
Zoning & alternative use
M2 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$56,446
Tax year 2023
Assessed value
$3,858,200
Assessed 2024
Previous assessed
$3,858,200
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$488,300
Assessed improvement
$3,369,900
Land market value
$488,300
Improvement market value
$3,369,900
Total market value
$3,858,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
9
Stories
1
Total area
103,765 SF
Lot
24.25 ac (1,056,330 SF)
Zoning code
M2
APN
15-01-401-013
UPID
US25-0172794
Jurisdiction
DES MOINES
Zoning & alternative use
M2 · Burlington, IA
Zoning M2 · permitted uses
M2 · Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
1
Buildings
9
Lot
24.25 ac
Current owner
From public records · entity-resolved
Store Master Funding Xxiv LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1909 SYCAMORE ST, GRANGER, IA 50109-9733
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
$12,390,000
Store Master Funding Xxiv LLC
Store Master Funding Xviii LLC
Warranty Deed
—
May 8, 2025
$6,355,000
Store Master Funding Xviii LLC
Compounding Cap Holdings Series D L
Warranty Deed
$12,390,000 · Citibank NA
May 8, 2025
—
Western Smokehouse Partners LLC
Store Master Funding Xviii LLC
Deed
—
Jul 5, 2022
$2,850,000
Compounding Capital Holdings Series
Pf Global Property Group INC
Warranty Deed
$2,579,500 · Availa Bank
Mar 12, 2021
$1,575,000
Pf Global Prop Group Burlingto
Siemens Corp
Grant Deed
—
Oct 11, 2016
$2,229,875
Siemens Corp
D R Steam LLC
Grant Deed
—
Nov 1, 2005
$4,669,000
D-r Steam LLC
Tuthill Corp
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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