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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Grocery and convenience stores
4305 Mt Pleasant St, West Burlington, IA 52655-9617
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2366549
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1965
Total area
6,567 SF
Lot
7.04 ac (306,662 SF)
APN
10-33-100-007
UPID
US25-2366549
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
-
Conoco Gas Station
-
Highway 34 Truck Stop Parking Lot & Garage Gas Station
-
CAT Scale Parking Lot & Garage Gas Station
-
FedEx Drop Box Postal Service Courier Service
-
34 Fast Brake Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$625k
Owner & transaction history
Reif Oil Co · 15 yrs held
Reif Oil Co
since 2011
1 recorded transaction
Zoning & alternative use
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 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
$390,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$745,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$665,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$535,000
Change: 0% · Conversion: Moderate
RESTAURANT
$525,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$510,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$435,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$95 / 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
$21,856
Tax year 2021
Assessed value
$1,050,800
Assessed 2023
Previous assessed
$837,200
+25.5% YoY
Effective rate
2.08%
On assessed value
Assessed land
$150,200
Assessed improvement
$900,600
Land market value
$150,200
Improvement market value
$900,600
Total market value
$1,050,800
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
7
Stories
2
Total area
6,567 SF
Lot
7.04 ac (306,662 SF)
APN
10-33-100-007
UPID
US25-2366549
Jurisdiction
DES MOINES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$665,000
OFFICE BUILDING
Est. value
$535,000
RESTAURANT
Est. value
$525,000
MEDICAL BUILDING
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$435,000
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
1965
Heating
NONE
Stories
2
Buildings
7
Lot
7.04 ac
Current owner
From public records · entity-resolved
Reif Oil Co
Entity
Mailing address
801 N 3RD ST, BURLINGTON, IA 52601-5006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2011
—
Reif Oil Co
—
Grant Deed
related
$3,200,000 · Midwest One 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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