1805 Brady St Davenport, IA 52803-4729
Property profile & analytics
1805 Brady St Davenport, IA 52803-4729
- Retail space
- 14,736 SF
- 1.63 lot acres
Property ID
US25-0687442
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.
Location Intelligence
Current Use by Public Records
- Karla K. Ruiter, R / Pharmacy
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Kevin D. Bobst, RPh / Pharmacy
- COVID-19 Drive-thru Testing at Walgreens / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
Property Details for 1805 Brady St
- Year built
- 2008
- Lot size
- 1.63 lot acres
- Property size
- 14,736 SF
- Property type
- Retail space
- APN
- G0008-16A
- APU
- G000816A
Description
This exceptional investment opportunity presents a 14,820 square foot, single-story Class A Walgreens pharmacy located at 1805 N Brady St, Davenport, IA 52803. The property sits on a 1.63-acre lot zoned C-2 (Corridor Commercial District) and boasts a prime location on US Highway 61, experiencing a high daily traffic volume of 37,600 vehicles. Built in 2008, this well-maintained building is currently under an absolute NNN lease with a corporate guarantee from Walgreens, minimizing owner responsibilities. The lease commenced January 19, 2009, and extends to January 31, 1984 (Lease Expiration date appears to be an error, and should be reviewed). The current remaining lease term is 60 years. The property offers a substantial net operating income (NOI) of $435,000, resulting in an attractive 7.70% cap rate. The asking price is $5,650,000, translating to a price per square foot of $381.24. This location benefits from strong tenant synergy, with neighboring businesses including St. Ambrose University, Aldi, Ascentra Credit Union, KFC, Village Inn, and Domino's. Davenport, part of the Quad Cities MSA with a population of 380,000, provides a robust and stable market for this investment-grade property. The property features no rent bumps and no lease options are available.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,835,000
- ML approach
- $6,375,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Scott
- State
- Iowa
- Longitude
- -90.5734
- Latitude
- 41.5378
- 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
$125,334
$1,063,190
$2,436,810
$3,500,000
-
$1,063,190
$2,436,810
$3,500,000
