Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Davenport Retail/Office Space Title is generated by Realmo AI

    114 MYRTLE Street C, Davenport, IA 52802

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

    Located in River View Plaza, suitable for retail or office.

    Type:Office, Retail
    Added:
    Dec 11, 2022
    Days on Market:
    1262
    Last Refresh:
    May 12 at 11:14 pm

    Property Features for 114 MYRTLE Street C

    General Information

    Standard status
    Active
    Property subtype
    Office, Retail

    Building Details

    Year Built
    2014

    Spaces For Lease

    at 114 MYRTLE Street C Contact us

    We can help!

    Listing Contact
    Megan Pieper

    Listing agent Megan Pieper License #S68203000

    Listing office Real Broker, LLC

    Listing date Dec 11, 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 Real Broker, LLC

    HighLights

    • Prime location on River Drive in Downtown Davenport.
    • Close proximity to Modern Woodmen Park, River's Edge, and Centennial Park.
    • Suitable for Retail, Salon, or Office space.
    • Large parking lot.
    • Situated on a busy corner.
    • Built in 2014.

    Overview

    Located in River View Plaza on River Drive in Downtown Davenport, this space is situated on a busy corner and features a large parking lot. The location is near Modern Woodmen Park, River's Edge, and Centennial Park. Possible uses include retail, salon, or office space. The space was last used as a salon.
    Property Profile Location Intelligence

    Current Use by Public Records

    CHILL VIBEZ BAR Bar & Pub El Tikal Guatemalan ... Restaurant NIYO'S BEAUTY&HAIR BRAIDING (Bike/Boat/Book/etc) Store Sisters Hair Braiding Hair Salon Davi’s Good ‘Ol ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.589211
    Latitude
    41.520464

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      IA, Davenport - Harrison St

      332 Harrison St, Davenport, IA 52801
      View Details
    • $129-$5,003/Mo
      11-1,292 SF

      Birchwood Office Building

      4620 53Rd St, Unit 200, Davenport, IA 52807
      View Details
    • $12 SF/Yr
      12,000 SF

      Downtown Davenport Office Space

      Two-story, 12,000 SF office building in historic downtown Davenport.
      315 West 4th Street, Davenport, IA, 52801
      View Details
    • $180 SF/Yr
      2,377 SF

      Medical Space Available For Lease

      Commercial medical space for lease in Davenport, available 08/01/2026.
      4622 Progress Dr, Davenport, IA 52807
      View Details
    • $10 SF/Yr
      3,600 SF

      Retail/Office Space in Davenport, IA

      1,698 SF retail/office space for lease in Davenport, IA.
      1416 N Harrison St, Davenport, IA
      View Details
    • Contact for pricing

      Office/Retail Space For Lease

      Office and retail space available for lease in Davenport, Iowa.
      1420 N Harrison St, Davenport, IA 52803
      View Details
    • Contact for pricing
      1,985 SF

      New Retail Space in Davenport

      Shell condition retail space in a newer multi-tenant center.
      4751 Progress Dr, Davenport, IA 52807
      View Details
    • Contact for pricing
      4,258 SF

      Office Space Available for Lease

      Office space available for lease in Davenport, Iowa.
      E 52nd St , Davenport, IA
      View Details
    • Contact for pricing
      15,994 SF

      Davenport Office and Retail Space

      Office and retail spaces available for lease in Davenport, Iowa.
      212 N Brady St, Davenport, IA 52801
      View Details
    • $18 SF/Yr
      1,175 SF

      Retail Space on Elmore Avenue

      Retail space available in high-traffic Davenport shopping corridor.
      3876 Elmore Avenue, Davenport, IA 52807
      View Details
    • $11 SF/Yr
      12,660 SF

      Walnut Center Retail/Office Space

      Retail and office spaces available for lease in Davenport, Iowa.
      4711 N BRADY Street, Davenport, IA 52806
      View Details
    • $6 SF/Yr
      11,990 SF

      Flex-Industrial Space with Fenced Lot

      11,990 SF flex space with warehouse and office.
      2902 INDIAN Road, Davenport, IA 52802
      View Details

    FAQs

    What type of property is this?
    Retail space - Located in River View Plaza, suitable for retail or office.
    Where is this retail space located?
    The property is located at 114 MYRTLE Street C Davenport, IA.
    What are key features of this property?
    This property features: Prime location on River Drive in Downtown Davenport.; Close proximity to Modern Woodmen Park, River's Edge, and Centennial Park.; Suitable for Retail, Salon, or Office space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Megan Pieper
    Real Estate License ID: S68203000
    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
    114 MYRTLE Street C, Davenport, IA 52802
    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!