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Property profile & analytics
OFF-MARKET
Retail space
914 Broadway St, West Burlington, IA 52655-1652
Trust Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-2566218
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
7,500 SF
Lot
1.62 ac (70,567 SF)
Zoning code
B2
APN
10-36-330-004
UPID
US25-2566218
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
-
Sydney Bowman IBE Hair Salon
-
Danville Bank Bank Loan Service
-
JordanLea Beauty Co. Cosmetic Store
-
Sade Suites Hair Salon
-
Midwest Realty Group, Inc Construction Company General Contractor
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
Troutman Trust · 4 yrs held
Troutman Trust
since 2022
Last sale
$65,000
5 recorded transactions
Zoning & alternative use
B2 · West 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 West Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$8,502
Tax year 2021
Assessed value
$598,800
Assessed 2023
Previous assessed
$598,800
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$154,100
Assessed improvement
$444,700
Land market value
$154,100
Improvement market value
$444,700
Total market value
$598,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1981
Heating
NONE
Buildings
2
Stories
1
Rooms
1
Total area
7,500 SF
Lot
1.62 ac (70,567 SF)
Zoning code
B2
APN
10-36-330-004
UPID
US25-2566218
Jurisdiction
DES MOINES
Zoning & alternative use
B2 · West Burlington, IA
Zoning B2 · permitted uses
B2 · West Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Burlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Buildings
2
Rooms
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Troutman Trust
Trust
Mailing address
205 S GEAR AVE STE #2, WEST BURLINGTON, IA 52655-1009
Ownership since
2022
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
May 24, 2022
—
Midwest Realty Group INC
—
Deed
related
$200,000 · Southeast Iowa Regional Plan
Mar 2, 2022
—
Troutman Trust
Richard D Troutman
Quit Claim Deed
related
$240,000 · Danville State Savings Bank
Jan 15, 2020
—
Richard D Troutman
Richard D Troutman
Quit Claim Deed
related
—
May 5, 2015
$65,000
Richard D Troutman
Rothlauf Phyllis H
Grant Deed
—
May 21, 2012
$244,526
Lions Pride INC
Troutman,richard D & Frances I
Dual Purpose Document
related
$244,526 · Richard D & Frances I Troutman
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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