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Property profile & analytics
OFF-MARKET
Flex space
612 Central Ave Burlington, IA 52601-5041
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2584400
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1900
Construction
FRAME
Total area
3,264 SF
Lot
0.09 ac (4,008 SF)
Zoning code
R4
APN
11-32-453-005
UPID
US25-2584400
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fritz Bonar Hillaurie · 9 yrs held
Fritz Bonar Hillaurie
since 2016
5 recorded transactions
Zoning & alternative use
R4 · 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 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 2023Property tax & assessments
Tax year 2023
Tax billed
$484
Tax year 2023
Assessed value
$28,500
Assessed 2024
Previous assessed
$25,200
+13.1% YoY
Effective rate
1.70%
On assessed value
Assessed land
$6,800
Assessed improvement
$21,700
Land market value
$6,800
Improvement market value
$21,700
Total market value
$28,500
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Stories
2
Rooms
1
Total area
3,264 SF
Lot
0.09 ac (4,008 SF)
Zoning code
R4
APN
11-32-453-005
UPID
US25-2584400
Jurisdiction
DES MOINES
Zoning & alternative use
R4 · Burlington, IA
Zoning R4 · permitted uses
R4 · Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
2
Rooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Fritz Bonar Hillaurie
Individual
Free & Clear · 9 yrs held
Mailing address
616 COLUMBIA ST, BURLINGTON, IA 52601-5118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2016
$61,750
Fritz Bonar Hillaurie
Erdman,william M
Warranty Deed
—
Feb 28, 2014
$35,000
Michael L Leathers
Klein,todd M
Warranty Deed
—
Apr 26, 2006
$6,000
Renee Denning
Northwestern Plastics Ltd
Warranty Deed
—
Apr 26, 2006
$40,000
Mark A Gray
Grant,james W
Warranty Deed
$104,000 · Midwestone Bank
Apr 26, 2006
$4,000
James W Grant
Denning,renee
Quit Claim 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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