Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Moline Retail/Office Space for Rent Title is generated by Realmo AI

    1423 5TH Avenue, Moline, IL 61265

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile 1,528 SF space suitable for retail or office use.

    Type:Office, Retail
    Property size:
    1,528 SF
    Added:
    May 17, 2024
    Days on Market:
    735
    Last Refresh:
    May 12 at 8:55 pm

    Property Features for 1423 5TH Avenue

    General Information

    Standard status
    Active
    Size
    1,528 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1910

    Spaces For Lease

    at 1423 5TH Avenue Contact us

    We can help!

    Listing Contact
    Ted Rebitzer

    Listing agent Ted Rebitzer

    Listing office QC Iowa Realty

    Listing date May 17, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of QC Iowa Realty

    HighLights

    • 1,528 sq ft of flexible space suitable for various uses.
    • Currently operating as a meeting and party room.
    • Attractive open layout with exposed brick and wood floors.
    • Includes two restrooms and a service bar.
    • $2,000 per month modified gross lease.
    • Located in a mixed‑use building.

    Overview

    This commercial space, suitable for retail or office use, features an open layout with exposed brick walls and wood floors. The property is located in a mixed-use building and contains approximately 1,528 square feet of space. Currently, it is operated as a meeting and party room. The space includes two restrooms and a service bar. The lease is offered at $2,000 per month on a modified gross basis. Please note that the landlord reserves the right to approve the intended use of the space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.52786
    Latitude
    41.505035

    Nearby Similar for Lease

    • Contact for pricing
      26,949 SF

      Moline Medical Office Sublease Opportunity

      Sublease opportunity in a well-located medical office park.
      615 Valley View Dr, Moline, IL 61265
      View Details
    • $480,000 SF/Yr

      Moline Multitenant Retail Property

      Multitenant retail property in Moline, Illinois, with two tenants.
      2340-2346 53rd St, Moline, IL 61265
      View Details
    • $371,632 SF/Yr

      Moline Dental Lab NNN Lease

      NNN leased dental lab in Moline, Illinois, great passive investment.
      3800 29th St, Moline, IL 61265
      View Details
    • Contact for pricing
      2,025 SF

      Commercial Office/Medical Building For Lease

      2,025 sq ft commercial office/medical building with ample parking.
      4101 John Deere Rd, Moline, IL 61265
      View Details
    • Contact for pricing
      3,138 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 3138 square feet.
      1620 5th Ave, Moline, IL 61265
      View Details
    • $6 SF/Yr
      8,127 SF

      Moline Warehouse with Expansion Potential

      Warehouse space available for lease with additional land.
      4314 7th St, Moline, IL
      View Details
    • Contact for pricing
      43,123 SF

      Retail Space with Pylon Sign

      Retail property with ample parking and high traffic counts.
      4555 16th St, Moline, IL
      View Details
    • Contact for pricing
      1,097 SF

      Retail Space Available For Lease

      Retail space available for lease in Moline, Illinois.
      913-921 41th Ave Dr, Moline, IL
      View Details
    • Contact for pricing
      5,500 SF

      Retail Space on John Deere Road

      5,500 SF retail space with high visibility available for rent.
      3714 39th Avenue Dr, Moline, IL
      View Details
    • Contact for pricing
      76,858 SF

      Former Grocery Space Available

      Former grocery space for lease, divisible to 20,000 SF.
      750 42nd Ave Dr, Moline, IL
      View Details
    • $12 SF/Yr

      Renovated Medical Office Building

      Professional medical office building with gorgeous views and brick exterior.
      609 35th Ave, Moline, IL 61265
      View Details
    • $9 SF/Yr
      16,812 SF

      King Plaza Retail/Office Space

      16,812 SF retail or office space in King Plaza.
      3624 AVENUE OF THE CITIES Avenue, Moline, IL 61265
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile 1,528 SF space suitable for retail or office use.
    Where is this retail space located?
    The property is located at 1423 5TH Avenue Moline, IL.
    What are key features of this property?
    This property features: 1,528 sq ft of flexible space suitable for various uses.; Currently operating as a meeting and party room.; Attractive open layout with exposed brick and wood floors.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ted Rebitzer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1423 5TH Avenue, Moline, IL 61265
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!