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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Investment properties
207 2nd St Davenport, IA 52801-1601
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0695177
Property summary
AI-generated overview
This exceptional three-story commercial building, located at 207 E 2nd Street in the heart of Davenport, IA, presents a compelling investment opportunity. Spanning 10,692 square feet on a 0.15-acre lot, the property boasts three established tenants, ensuring a steady income stream. The building is conveniently served by an elevator, providing easy access to all three floors. A shared parking lot, accessible from the alley, offers ample parking for tenants and their clients. This prime downtown location provides excellent visibility and accessibility, making it an ideal investment for those seeking a stable and potentially appreciating asset. The building's multi-tenant structure mitigates risk and offers diversification. Further details, including financial information and tenant lease agreements, are available upon execution of a Confidentiality Agreement. This is a rare opportunity to acquire a well-established commercial property in a thriving downtown area. Serious inquiries only. The asking price for this exceptional investment property is $780,000.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1908
Total area
10,692 SF
Lot
0.15 ac (6,600 SF)
APN
L0009-26
UPID
US25-0695177
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$980k
Blend (final)
Blend
$1.50M
Owner & transaction history
Fletcher Properties LLC
Fletcher Properties LLC
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+222.7%
Auto repair, garage
$1.8M
+201.0%
Office building
$1.1M
+89.8%
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%
$1,705,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,885,000
Change: +223% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,760,000
Change: +201% · Conversion: Difficult
OFFICE BUILDING
$1,110,000
Change: +90% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$140 / 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
$23,170
Tax year 2023
Assessed value
$669,620
Assessed 2024
Previous assessed
$669,620
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$62,700
Assessed improvement
$606,920
Land market value
$62,700
Improvement market value
$606,920
Total market value
$669,620
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1908
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
10,692 SF
Lot
0.15 ac (6,600 SF)
APN
L0009-26
UPID
US25-0695177
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
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1908
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Fletcher Properties LLC
Entity
Mailing address
4001 S SHR DR, MOLINE, IL 61265-9732
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 22, 2025
—
Fletcher Properties LLC
—
Deed
related
—
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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