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Property profile & analytics
OFF-MARKET Estimated value $535,000
Retail space

1601 Harrison St Davenport, IA 52803-4809

1,728 SF 0.05 ac lot Built 1920
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US25-0672686
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1920-built commercial property situated on a large lot at 1601 N Harrison Street, Davenport, Iowa, 52803. The property includes one building on a single floor, currently generating a monthly rental income of $1,500 under a yearly lease. Tenants are responsible for all utilities (electric, gas, water, and sewer). The asking price for this land is $140,000. This represents a strong return on investment, particularly considering the potential for further development or expansion given the size of the lot. The property's location in Davenport, Iowa offers convenient access to local amenities and transportation networks. Note that adjacent properties, including 1605 Harrison Street and a large rear lot, are also available for purchase separately. This presents a unique opportunity to acquire a significant land holding in a desirable location. The property's solid rental income stream makes it an attractive option for investors seeking a stable and profitable addition to their portfolio. Serious inquiries are encouraged to explore this promising investment opportunity further.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 1,728 SF
Lot 0.05 ac (2,203 SF)
APN G0010-11
UPID US25-0672686
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k
Owner & transaction history
Kerr Enterprises LLC · 5 yrs held
Kerr Enterprises LLC
since 2021
Last sale
$525,000
2 recorded transactions
2021
$525,000
2014
$54,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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