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

    1440 3Rd St Davenport, IA 52802

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime location, versatile 3000+ sq ft.

    Property Features for 1440 3Rd St

    General Information

    Property type
    Flex space

    Building Details

    Year Built
    1953
    Buildings
    1

    We can help!

    Listing Contact
    Pieter Hanson
    Pieter Hanson

    Listing Agency: BUY SELL BUILD QC - Real Broker, LLC Listing Agent: Pieter Hanson

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 3,000+ square foot property, located at 1440 W 3rd Street in Davenport, Iowa, presents a unique investment opportunity. Built in 1953, this single-building property sits on land zoned for commercial and flex uses, offering significant potential for a variety of businesses. Currently configured as a church, the spacious interior provides ample room for adaptation to suit diverse needs. Imagine transforming this space into a thriving community center, a childcare facility, or a flexible workspace tailored to your specific requirements. The property's prime downtown Davenport location ensures high visibility and accessibility, making it an ideal choice for entrepreneurs and businesses seeking a prominent presence in a vibrant urban setting. The asking price is $176,000. The property's 52802 zip code and its coordinates (41.5225865 latitude, -90.5958862 longitude) provide easy location verification. This is a rare chance to acquire a substantial property in a desirable area with the flexibility to create a truly unique and successful venture. The property is classified as land and industrial, offering a blend of potential uses. Serious inquiries are encouraged.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walker David L Law Firm Jerusalem Temple Apostolic ... Church

    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
    -90.5958862
    Latitude
    41.5225865

    Nearby Similar for Sale

    • $960,000
      2.28 Acres

      Turnkey Condo Building on 2+ Acres

      12-unit condo building with expansion potential in Davenport, Iowa.
      2218 Emerald Dr, Davenport, IA 52804
      View Details
    • $199,900

      Davenport Duplex Near Universities

      Well-located duplex near transportation and universities, ideal for investors.
      125/127 E Locust St, Davenport, IA 52803
      View Details
    • $159,900

      Turnkey Davenport Fourplex For Sale

      Fully occupied fourplex with recent renovations and significant capital improvements.
      120 N Pine St, Davenport, IA 52802
      View Details
    • $165,000

      Income Producing Davenport Duplex

      Updated duplex in central Davenport, close to amenities and recreation.
      2209 Farnam St, Davenport, IA 52803
      View Details
    • $152,000
      0.09 Acres

      Davenport Multifamily with Parking Lot

      Davenport multifamily property with parking and storage units.
      223 S Lincoln Ave, Davenport, IA 52802
      View Details
    • $250,000
      0.26 Acres

      Davenport Duplex on West Side

      Duplex with spacious kitchen, basement, and private laundry hookups.
      3932 N Elsie Ave, Davenport, IA 52806
      View Details
    • $850,000
      7,400 SF

      Office and Training Center Building

      Office building with training center near Business Route 61.
      3709 North Harrison St, Davenport, IA 52806
      View Details
    • Contact for pricing

      Davenport Farm with Development Potential

      Farm located in Davenport with potential for development.
      S Utah Ave, Davenport, IA 52802
      View Details
    • $975,000
      7,400 SF

      Davenport Office Building - $975K

      7,400 SF Vacant Office Building in Iowa
      3709 Harrison St, Davenport, IA 52806
      View Details
    • $1,495,000
      79,573 SF

      Downtown Davenport Office Condo

      Historic building, prime location, river views.
      131 2Nd St, Davenport, IA 52801
      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 St, Davenport, IA 52803
      View Details
    • $350,000
      5,106 SF

      Davenport Retail Investment Opportunity

      Vacant Convenience Store, High Potential
      813 2Nd St, Davenport, IA 52802
      View Details

    FAQs

    What type of property is this?
    Flex space - Prime location, versatile 3000+ sq ft.
    Where is this flex space located?
    The property is located at 1440 3Rd St Davenport, IA.
    What is the asking price?
    The asking price for this property is $176,000.
    (563) 529-4000 Call to check price and availability
    Request Owner's contact information
    1440 3Rd St Davenport, IA 52802
    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.
    1440 3Rd St
    Davenport, IA 52802
    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
    1440 3Rd St Davenport, IA 52802
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Pieter Hanson
    Pieter Hanson
    (563) 529-4000 (563) 324-4488
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!