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    3817 Locust St Davenport, IA 52804

    For Sale
    $1,645,000

    Multi-tenant office buildings, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents three multi-tenant office buildings situated at 3817, 3823, and 3911 West Locust Street in Davenport, Iowa, 52804. The complex, known as Fairway Plaza, offers a total of approximately 23,131 square feet of leasable space. Each building is a traditional office structure, currently housing four tenants under a gross lease agreement. The buildings boast a strong history, with the State of Iowa having been a long-term tenant. This provides a stable income stream and demonstrates the desirability of the location. Currently, two unoccupied spaces are available for lease, presenting immediate opportunities to increase revenue and occupancy. The asking price for the entire complex is $1,645,000. The individual building sizes are as follows: 3817 W Locust St (5,600 sq ft), 3823 W Locust St (5,680 sq ft), and 3911 W Locust St (11,851 sq ft). This property is ideally suited for investors seeking a well-established, multi-tenant office portfolio in a desirable Iowa location. The existing tenancy and available spaces offer a blend of immediate income and future growth potential. This is a rare opportunity to acquire a substantial office complex in a stable market.

    Property Features for 3817 Locust St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Buildings
    3

    HighLights

    • Three multi‑tenant office buildings totaling 23,131 square feet in Davenport, IA.
    • Fairway Plaza, located at 3817, 3823, and 3911 West Locust Street.
    • Currently four tenants under gross lease agreements, with two vacant suites available.
    • Strong rental history including long‑term State of Iowa tenancy.
    • Asking price: $1,645,000. Individual building sizes: 5,600 SF, 5,680 SF, and 11,851 SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iowa Department of Health ... Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.6318297
    Latitude
    41.5377202

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office buildings, prime location.
    Where is this office property / space located?
    The property is located at 3817 Locust St Davenport, IA.
    What is the asking price?
    The asking price for this property is $1,645,000.
    What are key features of this property?
    This property features: Three multi-tenant office buildings totaling 23,131 square feet in Davenport, IA.; Fairway Plaza, located at 3817, 3823, and 3911 West Locust Street.; Currently four tenants under gross lease agreements, with two vacant suites available.
    (563) 650-8676
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    3817 Locust St Davenport, IA 52804
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    Davenport, IA 52804
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    Realmo Value Estimation

    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.

    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.

    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
    3817 Locust St Davenport, IA 52804
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