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Property profile & analytics
FOR SALE
Investment properties
1115 W 3Rd St Davenport, IA 52802
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0715427
For Sale
1 / 25
$259,000
1115 W 3Rd St, Davenport, IA 52802
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Property summary
AI-generated overview
This exceptional commercial property at 1115 W 3rd Street in Davenport offers a unique opportunity for a single tenant. The building, constructed in 1900, encompasses a total of 5,670 square feet, with 1,890 square feet currently available. The space is ideally suited for office use and features three private offices, a spacious conference room, a sink, mini-fridge, and separate men's and women's restrooms. Ample counter space is also available. The property boasts a highly desirable location in a prime downtown area, benefiting from a daily traffic count of 9,300 vehicles, ensuring excellent visibility for your business. Parking is conveniently provided with two designated spaces in the rear, supplemented by ample on-street parking. The property is zoned I-MU and has an APN of L0001-42C. This is a single-tenant occupancy building with a total of one suite. The first month's rent is exceptionally priced at $99. Don't miss this chance to secure this exceptional downtown Davenport office space.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
5,670 SF
Lot
0.17 ac (7,313 SF)
APN
L0001-42C
UPID
US25-0715427
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
-
Tri-State Construction Services Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$489k
Blend (final)
Blend
$625k
Owner & transaction history
Lsj Limited LLC · 9 yrs held
Lsj Limited LLC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+222.7%
Auto repair, garage
$930,000
+201.0%
Office building
$590,000
+89.8%
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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,000,000
Change: +223% · Conversion: Easy
AUTO REPAIR, GARAGE
$930,000
Change: +201% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +90% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$485,000
Change: +57% · Conversion: Difficult
RESTAURANT
$445,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$415,000
Change: +33% · Conversion: Easy
WAREHOUSE, STORAGE
$405,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$110 / 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
$4,452
Tax year 2023
Assessed value
$255,370
Assessed 2024
Previous assessed
$255,370
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$20,840
Assessed improvement
$234,530
Land market value
$20,840
Improvement market value
$234,530
Total market value
$255,370
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1900
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
5,670 SF
Lot
0.17 ac (7,313 SF)
APN
L0001-42C
UPID
US25-0715427
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
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$930,000
OFFICE BUILDING
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$485,000
RESTAURANT
Est. value
$445,000
RETAIL STORES
Est. value
$415,000
WAREHOUSE, STORAGE
Est. value
$405,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
1900
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lsj Limited LLC
Entity
Mailing address
5914 ALEC AVE, DAVENPORT, IA 52804-7603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Apr 6, 2017
—
Lsj Limited LLC
—
Deed
related
$160,000 · Ih Mississippi Valley Cu
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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