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    1521 Grant St Bettendorf, IA 52722-4949

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    1521 Grant St Bettendorf, IA 52722-4949

    View on Map
    • Office buildings
    • 67,439 SF
    • 2.01 lot acres
    Off-Market
    Last Sale Feb 17, 2021
    Property ID
    US25-0401152
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $10,990,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TBK Bank / Bank / Credit Union

    Property Details for 1521 Grant St

    Year built
    2020
    Lot size
    2.01 lot acres
    Property size
    67,439 SF
    Property type
    Office buildings
    APN
    8428642011
    APU
    8428642011

    Description

    This exceptional four-story mixed-use commercial building, totaling 13,191 square feet, presents a unique investment opportunity in the heart of the Quad Cities. Strategically located on a 2.01-acre lot (87,555 square feet) immediately east of the new I-74 bridge at the first Iowa interchange, this property benefits from unparalleled visibility and accessibility. Boasting nearly 250 parking spaces, the building enjoys exceptional daily traffic counts of approximately 100,000 vehicles on I-74. The ground floor currently houses a 3,425 square foot branch bank leased to TBK Bank, a 4,400 square foot restaurant, and 5,391 square feet of available neighborhood commercial/retail space. The second and third floors are also leased to TBK Bank. Currently available are two spaces: approximately 1,851 and 2,516 square feet on the first floor, and approximately 2,500 square feet on the fourth floor. Completed in June 2021, the remaining space is ready for tenant build-outs, offering flexibility for various businesses. The property is zoned C and located in Scott County. This is a rare chance to secure a prominent position in a thriving commercial corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,100,000
      6.5%
      $7,475,000
      7%
      $6,940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,464,000
      Market price range: $8.50M - $17.0M
      AI Estimate
      $11,026,000
      Market price range: $4.60M - $14.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $11,840,000
      Current use
      MEDICAL BUILDING
      $11,885,000
      Change: +0% Conversion: Easy
      AUTO REPAIR, GARAGE
      $11,085,000
      Change: -6% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,440,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bettendorf
    County
    Scott
    State
    Iowa
    Longitude
    -90.5109
    Latitude
    41.5256
    CBSA code
    19340
    CBSA name
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $335,988
    $654,700
    $9,827,000
    $10,481,700
    -
    $654,700
    $9,827,000
    $10,481,700

    Comparable in this City

    • Value Estimation by Request
      720 SF

      120 Short St

      OFFICE BUILDING • 720 SF
      120 Short St, Bettendorf, IA 52722-5669
      View Details
    • Value Estimation
      $1,040,000
      4,410 SF

      3860 Middle Rd

      PROFESSIONAL BUILDING • 4,410 SF
      3860 Middle Rd, Bettendorf, IA 52722-5326
      View Details
    • Value Estimation
      $1,615,000
      10,434 SF

      323 17th St

      OFFICE BUILDING • 10,434 SF
      323 17th St, Bettendorf, IA 52722-4907
      View Details
    • Value Estimation by Request
      2,477 SF

      Bettendorf, IA 52722

      OFFICE BUILDING • 2,477 SF
      Bettendorf, IA 52722
      View Details
    • Value Estimation
      $880,000
      5,696 SF

      Bettendorf, IA 52722

      OFFICE BUILDING • 5,696 SF
      Bettendorf, IA 52722
      View Details
    • Value Estimation
      $3,955,000
      31,776 SF

      2435 Kimberly Rd

      PROFESSIONAL BUILDING • 31,776 SF
      2435 Kimberly Rd, Bettendorf, IA 52722-3509
      View Details

    Similar Nearby for Sale

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      23,090 SF

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      23,090 sq ft office/commerce facility on 3.2+ acres.
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    • Contact for pricing
      1,920 SF

      Prime Office Location in Bettendorf

      Excellent office location with custom build-out options.
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    Similar Nearby for Lease

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      Prime Bettendorf Office Condo, IA
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    Bettendorf, IA 52722-4949
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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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