Technical
Financial
Distress signals
Property profile

1828 Locust St Davenport, IA 52803

OFF-MARKET
Office buildings
Property ID
US25-0604366
7,448 SF 1.15 ac lot Built 1999
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional two-story office building, located at 1828 E Locust Street in Davenport, Iowa, 52803, presents a unique investment opportunity at an asking price of $725,000. The property features convenient elevator service, catering to diverse business needs. The lower level offers a well-appointed reception/waiting area and multiple private offices, ideal for client interaction and individual workspaces. The upper level provides a more open layout, perfect for collaborative work environments, highlighted by a spacious conference room and additional private offices. This versatile design accommodates a range of office configurations, making it suitable for executive suites, medical practices, or traditional office setups. Situated within Davenport's Central City URTE, this building benefits from excellent visibility and accessibility. The single building structure simplifies management and maintenance, offering a streamlined ownership experience. This property represents a compelling investment opportunity in a thriving Iowa location. The building's adaptable floor plan and central location make it an attractive option for a variety of businesses seeking a well-maintained and conveniently located office space. The property is ready for immediate occupancy.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Total area 7,448 SF
Lot 1.15 ac (50,265 SF)
APN D0064-32A
UPID US25-0604366

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Laboratory Diagnostic Center
  • Medical Laboratory Doctor
  • Physician
  • Physician
  • Medical Laboratory Blood Testing Service

Location

1828 Locust St Davenport, IA 52803-2038
Davenport metro Census 11600 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.39M
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$1.20M

Owner & transaction history

since 2025
1 recorded transaction
2025
$580,000

Zoning & alternative use

Top alternative use upside
Medical building $1.3M +70.0%
Auto repair, garage $1.2M +58.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1828 Locust St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message