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Property profile & analytics
OFF-MARKET
Strip malls
713 Jefferson St Burlington, IA 52601-5462
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0039370
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1920
Total area
6,961 SF
Lot
0.27 ac (11,718 SF)
Zoning code
C3
APN
16-05-204-001
UPID
US25-0039370
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
-
Dave’s Not Here Smokeshop & Novelties (Bike/Boat/Book/etc) Store
-
Iconic Design Hair Salon
-
Pinned It Creations Training Center (Bike/Boat/Book/etc) Store
-
Wake n Bake Breakfast Company Restaurant
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
High River Enterprise LLC · 5 yrs held
High River Enterprise LLC
since 2021
Last sale
$44,875
6 recorded transactions
Zoning & alternative use
C3 · Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central Business District, Downtown Mixed Use, is intended to provide appropriate development regulations for Downtown Burlington, the grouping of uses is designed to strengthen the downtown role as a center for trade, service, housing, entertainment, and civic life, mixed uses are allowed and encouraged within the CBD District
Zone name
Central Business District
General category
MIXED_USE
Zone area
174.34 ac
Source
Realmo
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
$2,628
Tax year 2021
Assessed value
$231,600
Assessed 2023
Previous assessed
$231,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$23,400
Assessed improvement
$208,200
Land market value
$23,400
Improvement market value
$208,200
Total market value
$231,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Rooms
1
Total area
6,961 SF
Lot
0.27 ac (11,718 SF)
Zoning code
C3
APN
16-05-204-001
UPID
US25-0039370
Jurisdiction
DES MOINES
Zoning & alternative use
C3 · Burlington, IAZoning C3 · permitted uses
C3 · Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Central Business District, Downtown Mixed Use, is intended to provide appropriate development regulations for Downtown Burlington, the grouping of uses is designed to strengthen the downtown role as a center for trade, service, housing, entertainment, and civic life, mixed uses are allowed and encouraged within the CBD District
Zone name
Central Business District
General category
MIXED_USE
Zone area
174.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
1
Rooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
High River Enterprise LLC
Entity
Mailing address
2009 HIGHLAND AVE, BURLINGTON, IA 52601-4449
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
—
High River Enterprises LLC
—
Deed
related
$47,500 · Se Iowa Regional Planning
Apr 19, 2021
$190,000
High River Enterprise LLC
Wake N Bake Breakfast Co LLC
Quit Claim Deed
related
$142,500 · Two Rivers Bank & Trust
Apr 21, 2020
—
Midwestone Bk
Mrf Props LLC Series 9
Warranty Deed
related
—
Feb 6, 2018
—
Mrf Properties LLC
—
Deed
related
$180,000 · Midwestone Bank
Jan 12, 2018
—
Mrf Properties LLC
—
Deed
related
$83,904 · Midwestone Bank
Dec 2, 2016
$44,875
Timothy E Scott
Bridgestone Retail Operations
Grant 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.
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