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    Property profile & analytics

    1706 Brady St Davenport, IA 52803

    • Office buildings
    • 33,750 SF
    • 1.10 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0565456
    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.

    Current Use by Public Records

    • Quad Cities AA / Addiction Treatment Center
    • Hearts of Gold llc / Home Help / Senior Citizen Center
    • 4 Sher Barber Shop / Barber Shop
    • Mary A. Schnack, LISW / Doctor
    • Central Discussion / Support Group

    Property Details for 1706 Brady St

    Year built
    1968
    Lot size
    1.10 lot acres
    Property size
    33,750 SF
    Property type
    Office buildings
    APN
    G0008-09B
    APU
    G000809B

    Description

    Midtown Plaza, located at 1706 N Brady St, Davenport, IA 52803, offers exceptional office space in a prime location. This Class B building totals 33,750 square feet and sits on a 1.1-acre lot, providing ample parking. The property is zoned C-1, allowing for a variety of commercial uses. Currently, 8,798 square feet of space is available for lease, with suites ranging from 670 to 1,966 contiguous square feet. The building features a multi-tenant occupancy structure, and leases are full gross, meaning tenants are responsible for their own internet, landline, and janitorial services. The property boasts high visibility and traffic counts due to its central location, making it an ideal space for businesses seeking a prominent presence in Davenport. The minimum leasable space is 670 square feet. This is a single-building property with excellent access and parking. The property is conveniently located in Davenport, Iowa.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,545,000
      Market price range: $1.14M - $4.85M

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5748
    Latitude
    41.5374
    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
    $40,372
    $238,530
    $938,180
    $1,176,710
    -
    $238,530
    $938,180
    $1,176,710

    Comparable in this City

    • Value Estimation
      $9,345,000
      63,359 SF

      518 Locust St

      OFFICE BUILDING • 63,359 SF
      518 Locust St, Davenport, IA 52803-2829
      View Details
    • Value Estimation
      $1,700,000
      19,916 SF

      1410 Perry St

      OFFICE BUILDING • 19,916 SF
      1410 Perry St, Davenport, IA 52803-4527
      View Details
    • Value Estimation
      $695,000
      10,080 SF

      2829 Brady St

      OFFICE BUILDING • 10,080 SF
      2829 Brady St, Davenport, IA 52803-1519
      View Details
    • Value Estimation
      $1,660,000
      10,368 SF

      531 Main St

      OFFICE BUILDING • 10,368 SF
      531 Main St, Davenport, IA 52803-5202
      View Details
    • Value Estimation
      $1,195,000
      7,448 SF

      1828 Locust St

      OFFICE BUILDING • 7,448 SF
      1828 Locust St, Davenport, IA 52803-2038
      View Details
    • Value Estimation by Request
      2,122 SF

      1421 Locust St

      OFFICE BUILDING • 2,122 SF
      1421 Locust St, Davenport, IA 52803-3241
      View Details

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    Similar Nearby for Lease

    • $13 SF/Yr
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      Midtown Plaza Office Suites

      Davenport, IA Office Space Available
      1706 Brady St, Davenport, IA 52803
      View Details
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      View Details
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    1706 Brady St
    Davenport, IA 52803
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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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