Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    1529 WASHINGTON Street, Davenport, IA 52804

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

    Office buildings

    Type:Office
    Property size:
    2,526 SF
    Price / SF:
    $69/SF
    Added:
    Apr 23, 2024
    Days on Market:
    759
    Last Refresh:
    May 12 at 10:05 pm

    Property Features for 1529 WASHINGTON Street

    General Information

    Standard status
    Active
    Size
    2,526 SF
    Property subtype
    Office

    Building Details

    Year Built
    1905

    We can help!

    Listing Contact
    Austen Montgomery

    Listing agent Austen Montgomery

    Listing office Real Broker, LLC

    Listing date Apr 23, 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 Real Broker, LLC

    HighLights

    • 2,526 SF solid brick building
    • Features 6 offices
    • Off street parking available
    • Includes 4 bathrooms
    • Updated HVAC system
    • Roof replaced in 2020
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail Therapy, Inc. Social Service Agency Globemaster Incorporated Trucking Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.59604
    Latitude
    41.535076

    Nearby Similar for Sale

    • $859,031
      6,776 SF

      Commercial Property in Davenport, Iowa

      Commercial property for sale in Davenport, Iowa, with 6,776 square feet.
      2020 E Locust Street, Davenport, IA 52803
      View Details
    • $859,031
      6,776 SF

      Former Auto Parts Storefront

      Former O’Reilly Auto Parts store for sale.
      2020 E Locust St, Davenport, IA 52803
      View Details
    • $170,000

      Commercial Building on Washington Street

      Commercial building for sale on Washington Street in Davenport.
      1529 Washington Street, Davenport, IA 52804
      View Details
    • $350,000
      3,750 SF

      Contractor/Warehouse Property For Sale

      I-zoned warehouse with paved lot, leased through May 2027.
      2935 W 73RD Street, Davenport, IA 52806
      View Details
    • $1,800,000
      25,664 SF

      Historic Multifamily Project in Davenport

      Partially renovated multifamily property in excellent downtown location.
      401 West 4th Street, Davenport, IA, 52801
      View Details
    • $1,500,000
      58,900 SF

      Davenport Hotel Near Amazon Fulfillment

      118-room hotel near major developments and transportation routes.
      100 W 76th St, Davenport, IA 52806
      View Details
    • $221,000

      Move-In Ready First Floor Condo

      First-floor condo with open floor plan, modern kitchen, and patios.
      3415 EASTERN Avenue, Davenport, IL 52807
      View Details
    • $210,000
      7,678 SF

      7,678 SF Warehouse For Sale

      Warehouse with drive-in access and gas heating units for sale.
      1539 W 2nd St, Davenport, IA 52802
      View Details
    • $250,000
      2,800 SF

      Freestanding Office/Retail Building For Sale

      2,800 SF office/retail building near Brady Street corridor.
      415 E GEORGE WASHINGTON Boulevard, Davenport, IA 52803
      View Details
    • $259,000
      5,456 SF

      Davenport Eleven-Unit Investment Property

      Fully occupied commercial property near downtown and Palmer College.
      413 W 6TH Street, Davenport, IA 52803
      View Details
    • $2,950,000
      30,000 SF

      Davenport Contractor-Bay Investment Opportunity

      Contractor-bay properties in Davenport's west industrial area for sale.
      7205 HANCOCK Court, Davenport, IA 52806
      View Details
    • $1,250,000
      26,963 SF

      Davenport Investment Property Portfolio

      Portfolio of five properties totaling 40 units in Davenport, Iowa.
      1429 BRADY Street, Davenport, IA 52803
      View Details

    FAQs

    Where is this office building located?
    The property is located at 1529 WASHINGTON Street Davenport, IA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 2,526 SF solid brick building; Features 6 offices; Off street parking available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Austen Montgomery
    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
    1529 WASHINGTON Street, Davenport, IA 52804
    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!