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    Property profile & analytics

    510 E Agency Rd West Burlington, IA 52655

    • Manufacturing properties
    • 367,266 SF
    • 38.70 lot acres
    For Sale
    View listing
    Last Sale
    Jun 27, 2023
    $5,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0422084
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 510 E Agency Rd

    Year built
    1961
    Lot size
    38.70 lot acres
    Property size
    367,266 SF
    Zone code
    I3
    Property type
    Manufacturing properties
    APN
    10-36-401-004
    APU
    1036401004

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,470,000
      ML approach
      $4,985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,583,000
      Market price range: $3.13M - $19.3M
      AI Estimate
      $7,279,000
      Market price range: $7.28M - $20.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.149
    Latitude
    40.8166
    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
    2023
    $129,646
    $863,300
    $3,678,400
    $4,541,700
    -
    $863,300
    $3,678,400
    $4,541,700

    Comparable in this City

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      View Details
    • Value Estimation
      $1,175,000
      100,927 SF

      1719 Mt Pleasant St

      MANUFACTURING (LIGHT) • 100,927 SF
      1719 Mt Pleasant St, West Burlington, IA 52655-1025
      View Details
    • Value Estimation by Request
      22,300 SF

      506 Burlington Ave

      MANUFACTURING (LIGHT) • 22,300 SF
      506 Burlington Ave, West Burlington, IA 52655
      View Details
    • Value Estimation
      $720,000
      48,464 SF

      215 Gear Ave

      HEAVY MANUFACTURING • 48,464 SF
      215 Gear Ave, West Burlington, IA 52655-1007
      View Details
    • Value Estimation
      $555,000
      39,188 SF

      1404 Mt Pleasant St

      MANUFACTURING (LIGHT) • 39,188 SF
      1404 Mt Pleasant St, West Burlington, IA 52655-1020
      View Details
    • Value Estimation
      $880,000
      31,684 SF

      304 Division St

      MANUFACTURING (LIGHT) • 31,684 SF
      304 Division St, West Burlington, IA 52655-1700
      View Details

    Similar Nearby for Sale

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      Spacious industrial building with excellent utilities and rail access.
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      1.31 Acres

      Move-in Ready Retail/Office Space

      High-visibility retail/office space near major retailers, ready for business.
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    510 E Agency Rd
    West Burlington, IA 52655
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    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
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