Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3940 Division St Burlington, IA 52601-8626
    Property profile & analytics

    3940 Division St, Burlington, IA 52601-8626

    View on Map
    • Specialty properties
    • 8,369 SF
    • 2.42 lot acres
    Off-Market
    Property ID
    US25-0255688
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Prugh Funeral Service / Social Service Agency

    Property Details for 3940 Division St

    Year built
    2009
    Construction
    FRAME
    Lot size
    2.42 lot acres
    Zone code
    M2
    Property type
    Specialty properties
    APN
    15-01-176-020
    APU
    1501176020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 21, 2020 — Cha Legacy LLC — Deed · related $1.5M · Connection Bank
    Feb 15, 2018 $55,000 Cha Legacy LLC Grow Grtr Burlington INC Warranty Deed —
    Nov 4, 2015 — Thielen Family LLC Us Small Busn Admn Quit Claim Deed · related —
    Sep 2, 2015 $1,800,000 Cha Legancy LLC Thielen Family LLC Warranty Deed —
    — — Cha Legacy LLC — Deed Of Trust · related $1M · Cedar Rapids Bk&tr
    — — Thielen Family LLC — Deed Of Trust · related $384k · Two Rivers Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1547
    Latitude
    40.8071
    CBSA code
    15460
    CBSA name
    BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $36,126
    $96,300
    $1,394,500
    $1,490,800
    -
    $96,300
    $1,394,500
    $1,490,800

    Comparable in this City

    • Value Estimation by Request
      6,195 SF

      317 4th St

      FUNERAL HOME
      317 4th St, Burlington, IA 52601-5315
      View Details
    • Value Estimation by Request
      5,408 SF

      1002 Maple St

      FUNERAL HOME
      1002 Maple St, Burlington, IA 52601-5753
      View Details
    • Value Estimation by Request
      5,540 SF

      2000 Roosevelt Ave

      VETERINARY, ANIMAL HOSPITAL
      2000 Roosevelt Ave, Burlington, IA 52601-2340
      View Details
    • Value Estimation by Request
      9,907 SF

      2620 Mt Pleasant St

      FUNERAL HOME
      2620 Mt Pleasant St, Burlington, IA 52601-2175
      View Details
    • Value Estimation by Request
      3,376 SF

      3106 Johannsen Dr

      VETERINARY, ANIMAL HOSPITAL
      3106 Johannsen Dr, Burlington, IA 52601-1541
      View Details
    • Value Estimation by Request
      11,660 SF

      6457 Summer St

      VETERINARY, ANIMAL HOSPITAL
      6457 Summer St, Burlington, IA 52601-9348
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,262 SF

      Historic Downtown Building For Sale

      2,262 SF historic building in downtown area available for purchase.
      513 Jefferson St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Prime Pad Site For Sale

      1.82-acre pad site in high-visibility shopping center.
      2756 Mt. Pleasant St, Burlington, IA 52601
      View Details
    • Contact for pricing
      0.19 Acres

      Burlington Land Ready to Build

      Ready to build lot with foundation and sewer in place.
      542 S Central Ave, Burlington, IA 52601
      View Details
    • $239,500
      0.05 Acres

      Historic Commercial Building in Burlington

      Historic building with modern amenities, ideal for various commercial uses.
      314 N 4Th St, Burlington, IA 52601
      View Details
    • $44,000
      0.98 Acres

      Spacious Lot in Burlington, Iowa

      Large lot suitable for custom home or investment property.
      1742 Weimer St, Burlington, IA 52601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Redeveloped Retail Center For Lease

      Retail spaces available in a newly redeveloped shopping center.
      2750 Mount Pleasant St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Downtown Burlington Mixed-Use Space

      First-floor office or retail space in new mixed-use building.
      424 N 3Rd St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Retail Space on Agency Street

      Retail space available on high-traffic Agency Street.
      3335 East Agency St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Retail Space in Burlington Commons

      Community shopping center at a high-traffic intersection in Burlington, Iowa.
      3200 E Agency St, Burlington, IA 52601
      View Details
    • Contact for pricing

      Renovated Retail Space Available

      Recently renovated retail building with remaining space for lease.
      313 N Roosevelt Ave, Burlington, IA 52601
      View Details
    • $1,350 /Mo
      1,742 SF

      Downtown Retail Space Available

      Refreshed retail space in a prime downtown location.
      518 Washington St, Burlington, IA 52601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3940 Division St
    Burlington, IA 52601-8626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3940 Division St, Burlington, IA, 52601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!