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

    3010 53Rd St Davenport, IA 52807

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Metronet Davenport / Telecommunications Service / Data Center
    • Profile / Physician

    Property Details for 3010 53Rd St

    Year built
    1998
    Property type
    Retail properties

    Description

    This exceptional retail opportunity encompasses 2,185 square feet of prime commercial space nestled within the vibrant Pheasant Creek Crossing Shopping Center. Strategically situated at the corner of 53rd Street and Elmore Avenue in Davenport, Iowa, this property boasts unparalleled visibility and accessibility. Its location within a major retail corridor and a rapidly developing area of the Quad Cities ensures high traffic volume and significant exposure to potential customers. Built in 1998, the property consists of two buildings, offering a well-established presence in a thriving commercial hub. The easy access to Interstate 74 provides convenient access for both customers and employees, further enhancing its appeal. This property presents a unique chance to establish or expand a retail business in a high-growth area with excellent visibility and convenient access to major transportation routes. The zip code is 52807, and the property is located in Scott County, Iowa. This is an ideal location for businesses seeking a strong presence in a dynamic and prosperous market. The property's prime corner location ensures maximum exposure to the high volume of traffic passing through this busy retail area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5299
    Latitude
    41.5755

    Comparable in this City

    • Value Estimation by Request
      6,556 SF

      3876 Elmore Ave

      Individual retail properties • 6,556 SF
      3876 Elmore Ave, Davenport, IA 52807
      View Details
    • Value Estimation by Request
      20,926 SF

      5264 Utica Ridge Rd

      Retail properties • 20,926 SF
      5264 Utica Ridge Rd, Davenport, IA 52807
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    • Value Estimation by Request
      1,500 SF

      2940 53Rd St

      Lifestyle centers • 1,500 SF
      2940 53Rd St, Davenport, IA 52807
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    • Value Estimation by Request
      19,500 SF

      4400 Elmore Ave

      Retail properties • 19,500 SF
      4400 Elmore Ave, Davenport, IA 52807
      View Details
    • Value Estimation by Request
      23,282 SF

      2940 53Rd St

      Retail properties • 23,282 SF
      2940 53Rd St, Davenport, IA 52807
      View Details
    • Value Estimation by Request
      20,736 SF

      4931 Utica Ridge Rd

      Office Properties & Spaces • 20,736 SF
      4931 Utica Ridge Rd, Davenport, IA 52807
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,000 SF

      3850 Elmore Ave

      Individual retail properties • 9,000 SF
      3850 Elmore Ave, Davenport, IA 52807
      View Details
    • $2,500,000
      6,720 SF

      Davenport Shopping Center Investment

      Prime Retail, High-Traffic Location
      4730 Elmore Ave, Davenport, IA 52807
      View Details
    • Contact for pricing

      Davenport Office Building - High Visibility

      Prime Davenport Office Space, Ample Parking
      5357 Eastern Ave, Davenport, IA 52807
      View Details
    • $4,300,000
      15.25 Acres

      Davenport Commercial Land - $4.3M

      15-Acre Development Site, High Visibility
      5800 Elmore Ave, Davenport, IA 52807
      View Details
    • $90,000
      0.29 Acres

      Residential Land in Davenport, Iowa

      Prime residential lots near shopping, dining, and entertainment.
      1711 E 59Th Ct, Davenport, IA 52807
      View Details
    • $90,000
      0.28 Acres

      Residential Land in Davenport, Iowa

      Prime residential lots near shopping, dining, and entertainment.
      1807 E 59Th Ct, Davenport, IA 52807
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      5,076 SF

      Davenport Retail Space - 5,076 SF

      High-traffic corner lot retail space. Excellent visibility.
      1150 Kimberly Rd, Davenport, IA 52807
      View Details
    • $21 SF/Yr
      23,282 SF

      Davenport Retail Space - 1,500 SF

      Prime retail space in thriving Davenport location. High visibility, easy I-74 access.
      2940 53Rd St, Davenport, IA 52807
      View Details
    • $30 SF/Yr
      937 SF

      Davenport Retail Space - Prime Location

      937 SF Retail Space, Sublease Available
      5345 Elmore Ave, Davenport, IA 52807
      View Details
    • $8 SF/Yr
      36,876 SF

      Prime Retail Space - Elmore Ave

      High-traffic retail space, flexible lease options.
      3885 Elmore Ave, Davenport, IA 52807
      View Details
    • $8 SF/Yr
      10,092 SF

      Kimberly Road Commercial Space

      Prime Retail/Office, 10,092 SF Available
      730 Kimberly Rd, Davenport, IA 52807
      View Details
    • $18 SF/Yr
      20,926 SF

      Davenport Retail Space For Lease

      High-traffic retail space, immediate occupancy.
      5252 Utica Ridge Rd, Davenport, IA 52807
      View Details
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    3010 53Rd St
    Davenport, IA 52807
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    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
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