Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    821 18Th Avenue Ct Moline, IL 61265

    Property Lookup

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

    821 18Th Avenue Ct Moline, IL 61265

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 821 18Th Avenue Ct

    Property type
    Office properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 821 & 823 18th Avenue in Moline, Illinois's historic Olde Towne District, presents a unique investment opportunity. The property consists of two main floor storefronts and a second-floor apartment, all situated on a single lot. One storefront at 821 18th Avenue is currently vacant, previously operating as a beauty shop with a rental history of $500 plus utilities. The adjacent storefront at 823 18th Avenue is currently leased on a month-to-month basis for $475 plus utilities. Adding to the income stream, a second-floor apartment is also rented month-to-month for $500 plus utilities. The property's location within the vibrant Olde Towne District offers high visibility and access to a thriving community. The asking price for this income-generating property is $129,900. This presents a chance to acquire a well-situated commercial property with immediate rental income and potential for future growth. The property's zip code is 61265, and its precise coordinates are latitude 41.495133 and longitude -90.5255577. This is a rare opportunity to own a piece of Moline's rich history and capitalize on its ongoing revitalization. Serious inquiries are encouraged.

    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
    -90.5256
    Latitude
    41.4951

    Comparable in this City

    • Value Estimation by Request

      3624 Ave Of The Cities Ave

      Retail properties & Spaces
      3624 Ave Of The Cities Ave, Moline, IL 61265
      View Details
    • Value Estimation by Request
      24,974 SF

      3624-3636 Ave Of The Cities Ave

      Retail properties & Spaces • 24,974 SF
      3624-3636 Ave Of The Cities Ave, Moline, IL 61265
      View Details
    • Value Estimation by Request
      0.64 Acres

      3624-3636 Ave Of The Cities Ave

      Retail properties & Spaces • 24,974 SF
      3624-3636 Ave Of The Cities Ave, Moline, IL 61265
      View Details
    • Value Estimation by Request

      609 35Th Avenue Pl

      Office properties & Spaces
      609 35Th Avenue Pl, Moline, IL 61265
      View Details
    • Value Estimation by Request

      5331 Avenue Of The Cities

      Distribution properties
      5331 Avenue Of The Cities, Moline, IL 61265
      View Details
    • Value Estimation by Request
      19,963 SF

      3636 Ave Of The Cities Ave

      Retail properties & Spaces • 19,963 SF
      3636 Ave Of The Cities Ave, Moline, IL 61265
      View Details

    Similar Nearby for Sale

    • $2,450,000
      30,481 SF

      Moline Executive Office Building

      Prime Moline Office, 30,481 SF, $2.45M
      2121 47Th Street Ct, Moline, IL 61265
      View Details
    • 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
    • Contact for pricing
      6,000 SF

      Moline Office/Medical Opportunity For Sale

      6,000 SF finished space near John Deere Road in Moline.
      1050 36Th Avenue Ct, Moline, IL 61265
      View Details
    • Contact for pricing
      7,688 SF

      Downtown Moline Brick Office Building

      7,688 SF brick office building in downtown Moline.
      1411 6Th Ave, 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
    • $9 SF/Yr
      30,481 SF

      Moline Office Building: Prime Location

      30,481 SF Office, 50 Parking Spaces
      2121 47Th Street Ct, Moline, IL 61265
      View Details
    • $18 SF/Yr
      2,217 SF

      Prime Commercial Space, 53rd Street

      Spacious Office/Retail, High Visibility
      2332 53Rd Street Dr, 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 Office/Medical Building For Lease

      2,025 sq ft commercial office/medical building with ample parking.
      4101 John Deere Rd, Moline, IL 61265
      View Details
    • Contact for pricing

      Suburban Office/Service/Retail Space Available

      Prime space in prominent strip mall near Southpark Mall.
      4703 16Th St, 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.
    821 18Th Avenue Ct
    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

    821 18Th Avenue Ct, 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!