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Property profile

724 N 3Rd St Burlington, IA 52601

FOR SALE
Office buildings
Property ID
US25-0268934
4,892 SF 0.16 ac lot Built 1956
Last sale May 2015 · $185,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 1,500-square-foot professional office suite in downtown Burlington, built in 1956, configured with six private offices, a reception area, furnished conference space, a kitchenette, and two bathrooms. Several offices have views toward the Mississippi River, and the space is served by natural light. The suite is oriented to overlook the Mississippi River and is set up for office occupancy.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$4k
Tax billed · 2021
Assessed value · 2023$243k
Assessed land$21k
Assessed improvement$222k
Effective rate1.67%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k
NOI build-up
Gross scheduled income$98k
Vacancy & credit loss−$18k
Operating expenses−$20k
NOI · 15.46% cap applied$60k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
15.46%
$60k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
The intent of this District is to provide for commercial business activities of a more general retail and wholesale nature, where no manu...
General categoryINDUSTRIAL
JurisdictionDES MOINES

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.5
Wholesale Shop13.2
Auto Parts Store11.9

Location

724 N 3Rd St Burlington, IA 52601
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
610 4th, Burlington, IA 52601-5055 $32,550 Jun 2024 3,142 SF
1214 Agency, Burlington, IA 52601-4306 $195,000 Feb 2023 5,630 SF
2102 Main, Burlington, IA 52601-6528 $140,000 Jun 2020 3,387 SF
217 3rd, Burlington, IA 52601-5520 $55,000 Oct 2019 5,320 SF
550 Roosevelt, Burlington, IA 52601-1666 $375,000 Jul 2019 4,537 SF
612 Jefferson, Burlington, IA 52601-5428 $215,000 Jun 2019 4,428 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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