Property profile

421 Brady St Davenport, IA 52801

OFF-MARKET
Retail space
Property ID
US25-0693280
15,934 SF 0.22 ac lot Built 1885
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property located at 421 Brady Street presents a unique investment opportunity. The property consists of a single-tenant, 1,300 square foot building situated on commercially zoned land (C-D). The parcel is identified by APN G0057-06. Currently configured as a space with a fully built-out bar, the property offers significant flexibility. Its adaptable design allows for a variety of uses, making it ideal for a retail establishment or continued operation as a bar. The property is offered as a gross lease, with utilities paid by the tenant, providing a straightforward and predictable income stream. The single-building structure simplifies management and maintenance, minimizing operational complexities. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The zoning designation (C-D) allows for a range of commercial uses, providing future development potential. This is a rare opportunity to acquire a well-located, versatile commercial property with a proven track record. The existing build-out significantly reduces the initial investment required for a new tenant or business owner. The property's strong potential for return on investment makes it an attractive addition to any portfolio. Serious inquiries are encouraged to explore this promising venture.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1885
Total area 15,934 SF
Lot 0.22 ac (9,600 SF)
APN G0057-06
UPID US25-0693280

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building Heritage Building

Location

421 Brady St Davenport, IA 52801-1553
Davenport metro Census 10900 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
$709k
Blend (final) Blend
$310k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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