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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Drive through restaurants
919 Lawrence St, Burlington, IA 52601-1577
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0397862
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2005
Total area
4,528 SF
Lot
1.63 ac (71,003 SF)
Zoning code
C1
APN
16-06-352-004
UPID
US25-0397862
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
Baraboo Brothers LLC · 4 yrs held
Baraboo Brothers LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
C1 · 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
Method
Estimation
Statistic approach
$1,720,000
ML approach
$1,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10% · vs last sale $1.90M (Dec 14 2021)
Last sale anchor
$1.90M
Dec 14 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$405 / SF
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
$34,646
Tax year 2021
Assessed value
$1,403,300
Assessed 2023
Previous assessed
$1,106,000
+26.9% YoY
Effective rate
2.47%
On assessed value
Assessed land
$460,300
Assessed improvement
$943,000
Land market value
$460,300
Improvement market value
$943,000
Total market value
$1,403,300
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
4,528 SF
Lot
1.63 ac (71,003 SF)
Zoning code
C1
APN
16-06-352-004
UPID
US25-0397862
Jurisdiction
DES MOINES
Zoning & alternative use
C1 · Burlington, IA
Zoning C1 · permitted uses
C1 · 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
2005
Heating
NONE
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Baraboo Brothers LLC
Entity
Mailing address
12689 HWY 149, OTTUMWA, IA 52501-8625
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
$1,900,000
Baraboo Brothers LLC
Bradley A Krogull & Cheryl L Krogul
Warranty Deed
$1,689,000 · Connection Bank
Mar 20, 2018
—
Cheryl L Groguill LLC
—
Deed
related
$872,723 · Midwestone Bank
Apr 6, 2015
—
Pierson INC
Walker Terry L & Kandice
Warranty Deed
related
—
Oct 28, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Bradley A Krogull
—
Deed Of Trust
related
$864,515 · Midwestone Bank
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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