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Property profile & analytics
OFF-MARKET
Commercial land
4051 Ww Ave Burlington, IA 52601-9402
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-2588751
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
4.75 ac (206,910 SF)
Zoning code
M2
APN
15-01-377-003
UPID
US25-2588751
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
-
Stonegate VIllage Apartment Apartment Complex
-
Triple S Leasing LLC Apartment Complex
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
Rhonda L Sheedy · 5 yrs held
Rhonda L Sheedy
since 2020
Last sale
$50,000
7 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
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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,186
Tax year 2021
Assessed value
$58,300
Assessed 2023
Previous assessed
$58,300
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$58,300
Land market value
$58,300
Total market value
$58,300
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
4.75 ac (206,910 SF)
Zoning code
M2
APN
15-01-377-003
UPID
US25-2588751
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
Heating
NONE
Lot
4.75 ac
Current owner
From public records · entity-resolved
Rhonda L Sheedy
Individual
Mailing address
5589 FAIRWAY DR, BURLINGTON, IA 52601-8670
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
$50,000
Rhonda L Sheedy
Triple S Leasing LLC
Warranty Deed
—
Oct 27, 2016
—
City Of Burlington
Triple S Leasing LLC
Warranty Deed
—
Nov 17, 2014
—
Triple S Leasing LLC
—
Grant Deed
related
$5,700,000 · Two Rivers Bk
Oct 31, 2013
—
Triple S Leasing LLC
Triple Dev LLC
Quit Claim Deed
related
$3,144,680 · Midwestone Bk
Aug 30, 2011
—
Triple S Leasing LLC
Burlington Land Dev LLC
Quit Claim Deed
related
—
Aug 30, 2011
$1,000,000
Triple S Leasing LLC
Burlington Leasing LLC
Warranty Deed
$400,000 · Farmers Savings Bank
Aug 30, 2011
$500,000
Triple S Dev LLC
Burlington Leasing LLC
Trustees Deed
$1,000,000 · Midwestone Bank
Dec 27, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Triple S Dev LLC
—
Deed Of Trust
related
$2,700,000 · Two Rivers Bk
—
—
Triple S Leasing LLC
—
Deed Of Trust
related
$6,280,000 · Great Wstrn Bk
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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