Purpose-Built Bank Branch
For Sale
$995,000
3325 W Kimberly Road, Davenport, IA 52806
Bank branch building on a corner-entry parcel within a Walmart-anchored development.
Property Size3,175 SF
Lot Size1.40 Acres
Price / SF$313.39
Days on Market101
Property Features for 3325 W Kimberly Road
General Information
Standard status
Active
Size
3,175 SF
Lot size
1.40 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$43,976
Building Details
Building Size
3,175 SF
Year Built
2015
Stories
1
Listing Agency:
NAI Ruhl Commercial Company
(563) 355-4000
Listed By:
Alex Kelly · License #475.134777/S60345000
(563) 355-4000
Source:
Perillorealestategroup
Added: May 15
Changed: Aug 23
Last Checked: Jul 24 at 11:59AM
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 NAI Ruhl Commercial Company
Investment Insights
Based on property information with market context.
This 3,175 SF bank branch building is situated on a 1.40-acre corner-entry parcel within a Walmart-anchored development. Constructed in 2015, the property is purpose-built for financial institution use and includes a complete suite of banking-specific improvements.
The site features drive-thrus and ATM integration, along with digital signage. The building is described as being in excellent condition.
Designed to support a streamlined branch opening, the property’s banking-focused infrastructure is intended to reduce the cost and timeline for a new location in the NW Davenport area.
The site features drive-thrus and ATM integration, along with digital signage. The building is described as being in excellent condition.
Designed to support a streamlined branch opening, the property’s banking-focused infrastructure is intended to reduce the cost and timeline for a new location in the NW Davenport area.
Key Highlights
- 3,175 SF bank branch building built in 2015 on a 1.40‑acre corner‑entry parcel (Parcel O163505)
- Purpose‑built for financial institution use with banking‑specific improvements throughout the building
- Walmart‑anchored development location along W Kimberly Rd in NW Davenport
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$721,380
$721.4K
Cap Rate 7%
$515,271
$515.3K
Cap Rate 9%
$400,767
$400.8K
Market Conditions
NOI Build-Up for 3,175 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.4K $16.20/SF
− Vacancy
−$3.3K −$1.05/SF
EGI
$48.1K $15.15/SF
− OpEx
−$12.0K −$3.79/SF
NOI
$36.1K $11.36/SF
Area
Davenport, IA
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$721,380
Cap Rate 7%
$515,271
Cap Rate 9%
$400,767
Alternative Uses
Best Use
Specialty Retail
$515.3K
$450.9K – $601.2K
NOI $36,069 @ 7.0% cap · market cap 3.63%
Second Best
Retail
$438.1K
$383.4K – $511.2K
NOI $30,670 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$685.3K
$599.6K – $799.5K
NOI $47,969 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
184k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 53%
Shops & Services 18%
Dining 14%
Groceries 11%
Walmart
Superstores
97,021 visits/mo
0.1 miles
Aldi
Groceries
20,787 visits/mo
0.3 miles
Culver's
Dining
15,920 visits/mo
0.3 miles
Dollar Tree
Shops & Services
11,021 visits/mo
0.1 miles
Applebee's
Dining
9,675 visits/mo
0.2 miles
Demographics for 52806, IA
28,191
Population
12,092
Households
2.3
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
31.1 sq mi
ZIP Area
906
Density / Sq Mi
$73,682
Median Household Income
$42,744
Median Earnings
$976
Median Rent
$188,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Bank branch building on a corner-entry parcel within a Walmart-anchored development.
Where is this bank located?
The property is located at 3325 W Kimberly Road Davenport, IA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,175 SF bank branch building built in 2015 on a 1.40‑acre corner‑entry parcel (Parcel O163505); Purpose‑built for financial institution use with banking‑specific improvements throughout the building; Walmart‑anchored development location along W Kimberly Rd in NW Davenport
