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Property profile & analytics
OFF-MARKET
Estimated value
$16,230,000
Commercial kitchens
200 3rd St Davenport, IA 52801-1633
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1345930
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
1914
Total area
153,329 SF
Lot
2.35 ac (102,400 SF)
APN
L0008-15A
UPID
US25-1345930
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
-
Relish Gifts at Hotel Blackhawk (Bike/Boat/Book/etc) Store
-
FrontDoor Apartment Building
-
UP Skybar Grocery & Convenience Store Food Market
-
Blackhawk Bank & Trust ATM Atm
-
Hotel Blackhawk, Autograph Collection Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.24M
Blend (final)
Blend
$16.23M
Owner & transaction history
Hotel Blackhawk LLC · 8 yrs held
Hotel Blackhawk LLC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$27.0M
+123.5%
Auto repair, garage
$25.2M
+108.5%
Office building
$15.9M
+31.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Davenport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davenport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$12,090,000
Current use
MEDICAL BUILDING
$27,025,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,205,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$15,895,000
Change: +31% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$13,130,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$11,160,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$10,900,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$16.23M
Range $14.61M – $17.85M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$106 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$562,506
Tax year 2023
Assessed value
$15,763,980
Assessed 2024
Previous assessed
$15,763,980
+0.0% YoY
Effective rate
3.57%
On assessed value
Assessed land
$1,536,000
Assessed improvement
$14,227,980
Land market value
$1,536,000
Improvement market value
$14,227,980
Total market value
$15,763,980
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
1914
Heating
NONE
Buildings
2
Stories
11
Total area
153,329 SF
Lot
2.35 ac (102,400 SF)
APN
L0008-15A
UPID
US25-1345930
Jurisdiction
SCOTT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$27.0M
AUTO REPAIR, GARAGE
Est. value
$25.2M
OFFICE BUILDING
Est. value
$15.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
RETAIL STORES
Est. value
$11.2M
WAREHOUSE, STORAGE
Est. value
$10.9M
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1914
Heating
NONE
Stories
11
Buildings
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Hotel Blackhawk LLC
Entity
Mailing address
4240 MANCHESTER AVE, SAINT LOUIS, MO 63110-3826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2017
—
Hotel Blackhawk LLC
—
Deed
related
$12,400,000 · Simmons Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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