Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    W 53rd Street & Sheridan Street Davenport, IA 52806

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

    Commercial land in a high-traffic retail area.

    Type:Land
    Added:
    Nov 21, 2022
    Days on Market:
    1242
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for W 53rd Street & Sheridan Street

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Ajdin Nadarevic

    Listing agent Ajdin Nadarevic License #IA F03815000

    Listing office CBRE - Des Moines

    Listing date Nov 21, 2022

    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 CBRE - Des Moines

    Overview

    Corner Lot in Retail Corridor

    This property is situated on a hard corner at a controlled traffic intersection within a major retail corridor. The surrounding area includes multiple national retailers.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.6205
    Latitude
    41.5821

    Nearby Similar for Sale

    • $250,000

      Versatile Commercial Property on River Drive

      Multi-use commercial property with warehouse, office, and redevelopment potential.
      1609 West River Drive, Davenport, IA 52802
      View Details
    • $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
    • $147,000

      Davenport Duplex with Garage

      Duplex with potential for conversion, garage, and large yard.
      428 South Concord Street, Davenport, IA 52802
      View Details
    • $21,000

      Residential Lot in West Davenport

      Established neighborhood lot with mature trees and new sidewalk.
      Lot 65 West 66TH Street, Davenport, IA 52806
      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
    • $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
    • $99,000

      Commercial Lot on Kimberly Road

      Commercial lot for sale in high-traffic Kimberly Road corridor.
      4004 Northwest Boulevard, Davenport, IA 52806
      View Details
    • $2,247,000

      107 Acres Transitional Development Land

      107 acres in Davenport, Iowa, suitable for developers and investors.
      Locust Street, Davenport, IA 52804
      View Details
    • $2,247,000

      107 Acres Transitional Development Land

      107 acres m/l in Davenport, Iowa for sale.
      Locust Street, Davenport, IA 52804
      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
    • $799,750

      Commercial Land at 65th & Brady

      3.65 acres of vacant commercial land for sale.
      0 65th & Brady St, Davenport, IA 52806
      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

    FAQs

    What type of property is this?
    Commercial land - Commercial land in a high-traffic retail area.
    Where is this commercial land located?
    The property is located at W 53rd Street & Sheridan Street Davenport, IA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Hard corner location at a controlled traffic intersection.; Located within a major retail corridor.; Multiple national retailers in the surrounding area.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ajdin Nadarevic
    Real Estate License ID: IA F03815000
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!