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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Strip malls
403 Gear Ave West Burlington, IA 52655-1071
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US25-0500945
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
6,000 SF
Lot
0.72 ac (31,276 SF)
Zoning code
B2
APN
10-35-178-014
UPID
US25-0500945
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
-
Aerus Electrolux Home Appliance Store (Bike/Boat/Book/etc) Store
-
Hannah Kruger, Realtor Real Estate Agency
-
Jordyn Meierotto - Realtor Real Estate Agency
-
Wendy Corzatt Realtor Real Estate Agency
-
Melissa Schwenker, Ruhl & Ruhl Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Benjamin J Brinck · 10 yrs held
Benjamin J Brinck
since 2016
7 recorded transactions
Zoning & alternative use
B2 · West Burlington, IA
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 West Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$680,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$610,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: 0% · Conversion: Moderate
RESTAURANT
$480,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$465,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$400,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$93 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$18,888
Tax year 2021
Assessed value
$837,100
Assessed 2023
Previous assessed
$708,700
+18.1% YoY
Effective rate
2.26%
On assessed value
Assessed land
$78,200
Assessed improvement
$758,900
Land market value
$78,200
Improvement market value
$758,900
Total market value
$837,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.72 ac (31,276 SF)
Zoning code
B2
APN
10-35-178-014
UPID
US25-0500945
Jurisdiction
DES MOINES
Zoning & alternative use
B2 · West Burlington, IAZoning B2 · permitted uses
B2 · West Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
165.01 SHORT TITLE.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$680,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$610,000
OFFICE BUILDING
Est. value
$490,000
RESTAURANT
Est. value
$480,000
MEDICAL BUILDING
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$400,000
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Benjamin J Brinck
Individual
Mailing address
414 NN ST, BURLINGTON, IA 52601-4822
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
403 S Gear Avenue LLC
—
Deed
related
$550,000 · Connection Bank
Oct 14, 2020
—
403 S Gear Ave LLC
—
Deed
related
$426,000 · Connection Bank
Jan 22, 2016
—
Benjamin J Brinck
Bbs Investors LLC
Warranty Deed
$768,000 · Ih Ms Vly Cu
May 16, 2011
—
Bbs Investors LLC
Brinck,benjamin J
Quit Claim Deed
related
—
Oct 12, 2007
—
Shottenkirk Dev INC
Bbs Investors LLC
Warranty Deed
related
—
Jan 11, 2006
$131,125
Bbs Investors LLC
Becker,william D & Cynthia
Warranty Deed
—
Nov 17, 2005
$484,150
Shottenkirk Dev INC
Shottenkirk Ptshp
Grant Deed
related
—
—
—
Bbs Investors LLC
—
Deed Of Trust
related
$500,000 · Two Rivers Bank & Trust
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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