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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    813 5th St Burlington, IA 52601-4962

    • Residential income homes
    • 1,496 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jul 12, 2023
    $72,000
    Value Estimations
    $80,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0060563
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 813 5th St

    Year built
    1968
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    1,496 SF
    Zone code
    R4
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    11-32-436-011
    APU
    1132436011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $70,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $107,000
      Market price range: $81.7k - $206k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.1037
    Latitude
    40.8155
    CBSA code
    15460
    CBSA name
    BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $1,882
    $13,100
    $85,900
    $99,000
    -
    $13,100
    $85,900
    $99,000

    Comparable in this City

    • Value Estimation
      $215,000
      1,680 SF

      2208 Piper Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,680 SF
      2208 Piper Pl, Burlington, IA 52601-3318
      View Details
    • Value Estimation
      $260,000
      1,728 SF

      618 6th St, Unit 642

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,728 SF
      618 6th St, Burlington, IA 52601-5816
      View Details
    • Value Estimation
      $245,000
      1,904 SF

      3104 Mohawk Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,904 SF
      3104 Mohawk Dr, Burlington, IA 52601-3477
      View Details
    • Value Estimation
      $220,000
      1,536 SF

      1110 Starr Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,536 SF
      1110 Starr Ave, Burlington, IA 52601-3137
      View Details
    • Value Estimation
      $230,000
      1,680 SF

      1525 Airlane Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,680 SF
      1525 Airlane Dr, Burlington, IA 52601-3309
      View Details
    • Value Estimation
      $220,000
      1,440 SF

      1223 Linden St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,440 SF
      1223 Linden St, Burlington, IA 52601-4622
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,102 SF

      Burlington Duplex Package For Sale

      Duplex to be sold as a package with other properties.
      518 S Central Ave, Burlington, IA 52601
      View Details
    • $85,000
      2,220 SF

      Income-Producing Duplex in Burlington, Iowa

      Fully occupied duplex with flexible rental options and convenient location.
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    • $45,000
      2,656 SF

      Burlington Iowa Multifamily Investment Opportunity

      Fully occupied duplex, part of a package deal.
      605 S Central Ave, Burlington, IA 52601
      View Details
    • $50,000
      2,675 SF

      Burlington Iowa Multi-Family Investment

      Fourplex with income potential, sold as a package.
      801 S 9Th St, Burlington, IA 52601
      View Details
    • $55,000
      Pending

      Two-Story Triplex in Burlington, Iowa

      Two-story triplex with income potential in Burlington, Iowa.
      720 Hagemann Ave, Burlington, IA 52601
      View Details
    • $2,500,000
      12.90 Acres

      Burlington Crossing: 12.9 Acres

      Prime Retail & Multifamily Land
      0 Agency St, Burlington, IA 52601
      View Details

    Similar Nearby for Lease

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      7,200 SF

      Eagles Building: Historic Downtown Office

      Burlington, IA: Prime Office Space Available
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    • $24 SF/Yr
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      Riverside Office Suites Available

      Downtown Burlington offices, 4 spaces available.
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    • $16 SF/Yr
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      Downtown Burlington Creative Office Space

      Modern Office/Retail, 3,114 SF Available
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      Downtown Burlington Office Space

      Prime Main Street office, newly remodeled.
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      View Details
    • $14 SF/Yr
      50,328 SF

      2750 Mount Pleasant St

      Neighborhood centers • 50,328 SF
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      View Details
    • Contact for pricing
      11,800 SF

      Agency Commons: Burlington Retail Space

      Prime Burlington retail space, 11,800 sq ft available.
      3314 Agency St, Burlington, IA 52601
      View Details
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    813 5th St
    Burlington, IA 52601-4962
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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