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Property profile & analytics
FOR LEASE
Manufacturing properties
510 E Agency Rd, West Burlington, IA 52655
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0422084
For Lease
1 / 3
$5,845,000
510 E Agency Rd, West Burlington, IA 52655
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Property summary
AI-generated overview
This expansive industrial property, located at 510 E Agency Rd, West Burlington, IA 52655, offers 370,393 square feet of versatile space ideal for manufacturing, warehousing, distribution, or flex operations. The single-building property sits on 38.7 acres and features a two-story structure built in 1955, extensively renovated in 1990. Ceiling heights range from 24 to 33 feet, providing ample vertical clearance. The property boasts 11 loading docks and one drive-in door, ensuring efficient material handling. Ample parking is available with 675 spaces. The property is zoned I-3 (Heavy Industrial District) and has a Des Moines County APN of 109400. Power is supplied by a 13.8 KVA system with an additional 18.3 KVA system already in place. The entire 370,393 square feet is currently vacant and available for lease, with a minimum divisible space of 50,000 square feet. This presents a unique opportunity for a large-scale operation seeking a substantial and well-equipped industrial facility in a prime location. Inquire today for more details.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Total area
367,266 SF
Lot
38.7 ac (1,685,772 SF)
Zoning code
I3
APN
10-36-401-004
UPID
US25-0422084
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$5.85M
Owner & transaction history
Phoenix West Burlington Industrial · 3 yrs held
Phoenix West Burlington Industrial
since 2023
Last sale
$5.8M
3 recorded transactions
Zoning & alternative use
I3 · West 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 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
$5,470,000
ML approach
$4,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.85M
Range $5.26M – $6.43M · ±10% · vs last sale $5.75M (Jun 27 2023)
Last sale anchor
$5.75M
Jun 27 2023
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
$16 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$129,646
Tax year 2023
Assessed value
$4,541,700
Assessed 2024
Previous assessed
$4,541,700
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$863,300
Assessed improvement
$3,678,400
Land market value
$863,300
Improvement market value
$3,678,400
Total market value
$4,541,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1961
Heating
YES
Cooling
YES
Buildings
13
Stories
1
Rooms
2
Total area
367,266 SF
Lot
38.7 ac (1,685,772 SF)
Zoning code
I3
APN
10-36-401-004
UPID
US25-0422084
Jurisdiction
DES MOINES
Zoning & alternative use
I3 · West Burlington, IA
Zoning I3 · permitted uses
I3 · West Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Burlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
YES
Cooling
Yes
Stories
1
Buildings
13
Rooms
2
Lot
38.7 ac
Current owner
From public records · entity-resolved
Phoenix West Burlington Industrial
Individual
Free & Clear · 3 yrs held
Mailing address
401 E KILBOURN AVE STE #201, MILWAUKEE, WI 53202-3212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
$5,750,000
Phoenix West Burlington Industrial
Industrial Connection & Solutions L
Special Warranty Deed
—
Feb 1, 2018
—
Industrial Connections & Solut
General Electric Co
Grant Deed
—
Jan 25, 2018
—
Industrial Connections & Solut
General Electric Co
Grant Deed
related
—
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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