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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Hotels
611 Van Weiss Blvd West Burlington, IA 52655-1559
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0212351
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1994
Construction
FRAME
Total area
7,716 SF
Lot
2.44 ac (106,286 SF)
Zoning code
R4
APN
10-35-428-009
UPID
US25-0212351
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
-
Burlington River Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
611 W Van Weiss LLC · 2 yrs held
611 W Van Weiss LLC
since 2024
2 recorded transactions
Zoning & alternative use
R4 · 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
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$765,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$875,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: 0% · Conversion: Difficult
RESTAURANT
$615,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$84 / 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
$41,842
Tax year 2021
Assessed value
$2,518,200
Assessed 2023
Previous assessed
$1,308,800
+92.4% YoY
Effective rate
1.66%
On assessed value
Assessed land
$122,000
Assessed improvement
$2,396,200
Land market value
$122,000
Improvement market value
$2,396,200
Total market value
$2,518,200
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
NONE
Buildings
9
Stories
1
Units
4
Rooms
1
Total area
7,716 SF
Lot
2.44 ac (106,286 SF)
Zoning code
R4
APN
10-35-428-009
UPID
US25-0212351
Jurisdiction
DES MOINES
Zoning & alternative use
R4 · West Burlington, IA
Zoning R4 · permitted uses
R4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
OFFICE BUILDING
Est. value
$630,000
RESTAURANT
Est. value
$615,000
MEDICAL BUILDING
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$510,000
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
1994
Construction
FRAME
Heating
NONE
Stories
1
Buildings
9
Units
4
Rooms
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
611 W Van Weiss LLC
Entity
Mailing address
2243 PO BOX 667TH ST, BURLINGTON, IA 52601-0667
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
$1,875,000
611 W Van Weiss LLC
M & M Properties Cooperative
Warranty Deed
$1,843,650 · Raccoon Valley Bank
Jul 7, 2015
$1,750,000
M & M & G Properties Cooperative
Burlington River LLC
Warranty Deed
—
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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