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Property profile & analytics
OFF-MARKET Estimated value $650,000
Strip malls

1724 Locust St Davenport, IA 52804-2220

6,120 SF 1.04 ac lot Built 1959
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0600697
Property summary
AI-generated overview

This exceptional commercial property, known as 5 Point Center, presents a unique investment opportunity for savvy entrepreneurs. The property consists of two buildings situated on a single-tenant parcel of land totaling 1,020 square feet, zoned for commercial use. Its prime location at the northwest corner of the 5 Points intersection ensures high visibility and significant foot traffic, ideal for a retail business or salon. The property includes ample parking with 55 spaces available for customers and employees. While the buildings require some cosmetic interior updates, the strong location and existing infrastructure offer substantial potential for immediate return. The property's Assessed Parcel Number (APN) is A0061-22A. This is a single-tenant property with one suite across the two buildings. The high volume of businesses in the immediate area further enhances the property's appeal. This is a rare chance to acquire a well-positioned commercial property with significant upside potential in a thriving business district. The property's strategic location and ample parking make it an attractive option for a variety of commercial uses. The existing buildings provide a solid foundation for a quick start-up or renovation project. Don't miss this chance to capitalize on this prime commercial real estate opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1959
Total area 6,120 SF
Lot 1.04 ac (45,503 SF)
APN A0061-22A
UPID US25-0600697
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
  • Dunkin' Cafe & Coffee Shop
  • Check Into Cash Bank Credit Union
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
$724k
Blend (final) Blend
$650k
Owner & transaction history
1724 Building Lc · 7 yrs held
1724 Building Lc
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.1M +105.8%
Auto repair, garage $1.0M +92.0%
Office building $635,000 +21.1%
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