1411 Kimberly Rd Bettendorf, IA 52722
- Strip malls
- 7,785 SF
- 1.09 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1411 Kimberly Rd
- Year built
- 2011
- Lot size
- 1.09 lot acres
- Property size
- 7,785 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 842905203
- APU
- 842905203
Description
Exceptional investment opportunity in Bettendorf, IA, featuring a three-building portfolio totaling $6,650,000. This package includes 787 Middle Road, 1401 Kimberly Road, and 1411 Kimberly Road, all situated within the same development and adjacent to one another. The properties boast a combined square footage of 7,785 square feet, situated on a 1.09-acre lot. This is a must-see for investors seeking a diversified portfolio with strong tenant occupancy. The current tenant mix includes a diverse range of businesses, providing stability and income potential. These tenants include well-established names such as Upper Iowa University, UnityPoint Clinic, Dunn Bros Coffee, 9Round, Merle Norman, and Red Ginger. This strategic location offers excellent visibility and accessibility, ensuring consistent foot traffic and high tenant retention. The individual property at 1411 Kimberly Road is listed at $1,800,000 and offers significant potential for return on investment. Detailed financial information is available upon request, allowing potential buyers to thoroughly assess the profitability and long-term prospects of this exceptional commercial property package. This is a rare opportunity to acquire a well-established, multi-tenant portfolio in a prime Bettendorf location. Don't miss out on this chance to secure a substantial and diversified investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $850,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,610,000
- 6.5%
- $1,490,000
- 7%
- $1,380,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,366,000
- AI Estimate
- $769,000
Market price range: $388k - $1.93MMarket price range: $484k - $988k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,205,000 Current use
- MEDICAL BUILDING
- $1,370,000 Change: +14% Conversion: Difficult
- OFFICE BUILDING
- $1,365,000 Change: +13% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,280,000 Change: +6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Bettendorf
- County
- Scott
- State
- Iowa
- Longitude
- -90.5216
- Latitude
- 41.5377
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA