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Property profile & analytics
FOR SALE
Hotels
100 W 76Th St Davenport, IA 52806
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0596481
For Sale
1 / 74
$1,500,000
100 W 76Th St, Davenport, IA 52806
View Listing →
Property summary
AI-generated overview
This fee-simple, 118-key Best Western Plus Steeplegate Inn presents a compelling investment opportunity in the thriving Quad Cities MSA. Boasting 58,900 square feet across a two-story building on an 11.77-acre lot, this property underwent extensive renovations in 2024, including a new solar roof reducing electricity costs by 30% and significant upgrades to guest rooms (new LVT flooring in 92 rooms, new PTAC units in 106 rooms, and updated wiring). Capital improvements totaling $756,750 were completed in 2023 and 2024. The hotel features a heated indoor pool and spa, spacious atrium, outdoor patio, fitness center, and complimentary breakfast. Significant business amenities include over 8,000 square feet of meeting space and a business center. A leased food and beverage operation contributes additional income, paying $120,000 annually plus 30% of utility costs. The lease commenced in September 2024. The hotel enjoys a prime location at the intersection of Interstate 80 and US Route 61, one mile from a new, large Amazon fulfillment center, and within easy reach of major employers like John Deere, Rock Island Arsenal, and others. The property's proximity to numerous attractions and the Davenport Municipal Airport further enhances its appeal. Built in 1989, this well-maintained hotel offers a strong current room revenue exceeding $1.9 million. The asking price is $7,500,000.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1984
Total area
58,900 SF
Lot
7.53 ac (327,876 SF)
APN
X0207-02B
UPID
US25-0596481
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Frontier Management Wedding Service
-
Best Western Plus Steeplegate Inn Hotel & Motel
-
1 Hundred West at SteepleGate Inn Bar & Pub Restaurant
-
Prairie Grille Restaurant
-
C J Nails Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.40M
Owner & transaction history
Global Brothers Davenport LLC · 2 yrs held
Global Brothers Davenport LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+99.8%
Retail stores
$2.7M
+37.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Davenport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davenport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,980,000
Current use
OFFICE BUILDING
$3,955,000
Change: +100% · Conversion: Difficult
RETAIL STORES
$2,730,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$162,560
Tax year 2023
Assessed value
$4,872,060
Assessed 2024
Previous assessed
$4,872,060
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$585,400
Assessed improvement
$4,286,660
Land market value
$585,400
Improvement market value
$4,286,660
Total market value
$4,872,060
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1984
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
58,900 SF
Lot
7.53 ac (327,876 SF)
APN
X0207-02B
UPID
US25-0596481
Jurisdiction
SCOTT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$2.7M
HOTEL/MOTEL Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
7.53 ac
Current owner
From public records · entity-resolved
Global Brothers Davenport LLC
Entity
Mailing address
1750 BOSTON POST RD, OLD SAYBROOK, CT 06475-1642
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
—
Global Brothers Davenport LLC
—
Deed
related
$2,049,000 · Iowa Business Growth Company
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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