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Property profile & analytics
OFF-MARKET
Retail space
626 9th St, Burlington, IA 52601-3905
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-2583274
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Total area
11,063 SF
Lot
0.63 ac (27,399 SF)
Zoning code
C2
APN
16-05-408-018
UPID
US25-2583274
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
-
Family Dollar Discount Store
-
Dollar tree Department Store
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
Rush Mountain LP · 4 yrs held
Rush Mountain LP
since 2021
Last sale
$499,000
4 recorded transactions
Zoning & alternative use
C2 · 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 2021Property tax & assessments
Tax year 2021
Tax billed
$17,020
Tax year 2021
Assessed value
$501,300
Assessed 2023
Previous assessed
$501,300
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$54,800
Assessed improvement
$446,500
Land market value
$54,800
Improvement market value
$446,500
Total market value
$501,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Rooms
1
Total area
11,063 SF
Lot
0.63 ac (27,399 SF)
Zoning code
C2
APN
16-05-408-018
UPID
US25-2583274
Jurisdiction
DES MOINES
Zoning & alternative use
C2 · Burlington, IA
Zoning C2 · permitted uses
C2 · 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
1986
Heating
NONE
Stories
1
Rooms
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Rush Mountain LP
Entity
Mailing address
181 E 56TH AVE STE #600, DENVER, CO 80216-1752
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$499,000
Rush Mountain LP
Meyer Trust
Special Warranty Deed
$1,550,100 · Cnb St Louis Bank
Oct 31, 2006
$720,000
Heartland Coml Prop Invtrs Ll
Mowen D J Living Trust
Warranty Deed
$100,000 · Guaranty Bank
—
—
Heartland Commercial Prop Invt
—
Deed Of Trust
related
$75,000 · Guaranty Bank
—
—
Heartland Inv Ptrs LLC
—
Deed Of Trust
related
$15,400,000 · Farmers St 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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