Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5000 38Th Avenue Dr Moline, IL 61265

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5000 38Th Avenue Dr Moline, IL 61265

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5000 38Th Avenue Dr

    Year built
    1997
    Property type
    Land

    Description

    This exceptional commercial land opportunity in Moline, Illinois, presents 40,546 square feet (0.93 acres) of prime real estate, newly zoned B-3. Located on 38th Avenue, this property boasts unparalleled visibility and accessibility, situated near the heavily trafficked John Deere Road, with approximately 29,000 vehicles passing daily. Its strategic location places it in close proximity to the Quad City International Airport, John Deere World Headquarters, and a concentration of major retailers including Walmart, Target, Sam's Club, Lowe's, Best Buy, Menards, Kohl's, Dick's Sporting Goods, PetSmart, and Hy-Vee. The B-3 zoning allows for diverse development options, such as restaurants, retail spaces, and office buildings. Built in 1997, the property includes one existing building on the site. The property's potential is further enhanced by its proximity to a significant concentration of daily traffic and its location within a thriving commercial corridor. The rezoning, supported by Ordinance No. 3004-2024, reflects Moline's commitment to commercial growth in this area. The site's history includes a miniature golf course, presenting a unique opportunity for creative redevelopment. This is a compelling investment for developers and investors seeking a high-visibility location with significant development potential in a rapidly growing area. The asking price is $205,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.4675
    Latitude
    41.4709

    Comparable in this City

    • Value Estimation by Request

      2332 53Rd Street Dr

      Retail properties & Spaces
      2332 53Rd Street Dr, Moline, IL 61265
      View Details
    • Value Estimation by Request

      4110 Ave Of The Cities Ave

      Retail properties & Spaces
      4110 Ave Of The Cities Ave, Moline, IL 61265
      View Details
    • Value Estimation by Request

      821 18Th Avenue Ct

      Office properties & Spaces
      821 18Th Avenue Ct, Moline, IL 61265
      View Details
    • Value Estimation by Request

      3912 38Th Avenue Dr

      Retail properties & Spaces
      3912 38Th Avenue Dr, Moline, IL 61265
      View Details
    • Value Estimation by Request

      1411 6Th Avenue Dr

      Retail properties & Spaces
      1411 6Th Avenue Dr, Moline, IL 61265
      View Details
    • Value Estimation by Request

      1211 16Th Ave

      Multifamily properties
      1211 16Th Ave, Moline, IL 61265
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Moline Industrial Land - 4 Lots Available

      Prime Moline industrial land, flexible lot sizes, pad-ready.
      0 41St Avenue Dr, Moline, IL 61265
      View Details
    • $205,000
      360 SF

      Moline Commercial Lot - High Traffic Area

      Prime .93-acre lot, high visibility, B-3 zoning
      5000 38Th Avenue Dr, Moline, IL 61265
      View Details
    • $885,000
      6.25 Acres

      High-Visibility Commercial Land Moline, IL

      6.25 Acres, I-280 Frontage, High Traffic
      5445 27Th Street Dr, Moline, IL 61265
      View Details
    • $375,000
      1.67 Acres

      Moline Commercial Land - John Deere Rd

      High-traffic location, build-to-suit option.
      John Deere Rd, Moline, IL 61265
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,394 SF

      Prime East Moline Office Space

      Versatile Office/Retail, 3,394 SF
      7017 John Deere Pkwy, Moline, IL 61265
      View Details
    • $5 SF/Yr
      12,760 SF

      Moline Commercial Land & Building

      Prime Moline location, single-tenant retail.
      4110 Ave Of The Cities Ave, Moline, IL 61265
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Land available for lease, anchored by major retailers.
      41St Avenue Dr, Moline, IL 61265
      View Details
    • Contact for pricing
      8,127 SF

      Moline Warehouse with Expansion Potential

      Warehouse space available for lease with additional land.
      4314 7Th St, Moline, IL 61265
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Moline, Illinois.
      4401 16Th St, Moline, IL 61265
      View Details
    • Contact for pricing

      Class A Office Space Available

      10,000 SF Class A office space for rent.
      5320 22Nd Ave, Moline, IL 61265
      View Details
    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.
    5000 38Th Avenue Dr
    Moline, IL 61265
    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

    5000 38Th Avenue Dr, Moline, IL, 61265

    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!