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    Property profile & analytics

    2117 State St, Unit 106 Bettendorf, IA 52722

    • Office buildings
    • 39,542 SF
    • 2.26 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0580702
    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.

    Current Use by Public Records

    • Global Partner Alliance LLC / Business Management Consultant
    • Bettendorf Disc Center / Alternative Medicine Practice
    • Real-life Church in the Quad Cities / Church
    • Mississippi Valley Division / Social Service Agency / Charitable Organization
    • Alter Logistics / Logistics Company / Freight Service

    Property Details for 2117 State St

    Year built
    1927
    Lot size
    2.26 lot acres
    Property size
    39,542 SF
    Property type
    Office buildings
    APN
    842860202
    APU
    842860202

    Description

    This exceptional 39,542 square foot traditional office building is located at 2117 State Street in Bettendorf, Iowa, 52722. The property sits on a generous 2.37-acre lot and offers a single-tenant occupancy opportunity. Currently, 5,500 square feet of space is available for lease. The building is fully ADA accessible and equipped with high-speed internet access. The building is a multi-tenant property, however, the available space is suitable for a single tenant. This is a full-service gross lease, meaning that most operating expenses are included in the rent. The building's prime location in Bettendorf offers excellent visibility and convenient access to major transportation routes. The property presents a unique opportunity for businesses seeking a well-maintained, spacious, and conveniently located office space in a thriving Iowa community. The building's size and amenities make it ideal for a variety of businesses, from small startups to established corporations. Interested parties are encouraged to inquire about lease terms and availability. The property's substantial size and convenient location make it a highly desirable asset in the Bettendorf commercial real estate market. The available space offers a chance to establish a strong presence in a vibrant and growing community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,750,000
      6.5%
      $4,385,000
      7%
      $4,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,985,000
      Market price range: $4.99M - $9.94M
      AI Estimate
      $2,696,000
      Market price range: $2.70M - $8.70M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $6,500,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,120,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bettendorf
    County
    Scott
    State
    Iowa
    Longitude
    -90.5027
    Latitude
    41.5249
    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
    $94,698
    $403,900
    $1,709,000
    $2,112,900
    -
    $403,900
    $1,709,000
    $2,112,900

    Comparable in this City

    • Value Estimation by Request
      1,104 SF

      Bettendorf, IA 52722

      OFFICE BUILDING • 1,104 SF
      Bettendorf, IA 52722
      View Details
    • Value Estimation
      $710,000
      4,053 SF

      3476 Glenbrook N Cir

      OFFICE BUILDING • 4,053 SF
      3476 Glenbrook N Cir, Bettendorf, IA 52722
      View Details
    • Value Estimation by Request
      1,400 SF

      2395 Tech Dr Ste, Unit 1

      PROFESSIONAL BUILDING • 1,400 SF
      2395 Tech Dr Ste, Bettendorf, IA 52722-3277
      View Details
    • Value Estimation by Request
      1,369 SF

      2535 Tech Dr Ste, Unit 310

      PROFESSIONAL BUILDING • 1,369 SF
      2535 Tech Dr Ste, Bettendorf, IA 52722-3278
      View Details
    • Value Estimation by Request
      1,419 SF

      2395 Tech Dr Ste, Unit 4

      PROFESSIONAL BUILDING • 1,419 SF
      2395 Tech Dr Ste, Bettendorf, IA 52722-3277
      View Details
    • Value Estimation
      $2,150,000
      14,815 SF

      4722 Frst Grv Dr

      OFFICE BUILDING • 14,815 SF
      4722 Frst Grv Dr, Bettendorf, IA 52722-5919
      View Details

    Similar Nearby for Sale

    • $366,900

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      Bettendorf Office Condos for Sale

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    • $399,900
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      Saint Michael Office Condo

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      New Construction Office Condos

      New construction office condos for sale in Bettendorf, Iowa.
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    • $429,000
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      New Construction Office Condo

      New construction office condo for sale in Bettendorf, Iowa.
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    • $399,900
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      Saint Michael Office Condo

      Prime Bettendorf Office Space
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    Similar Nearby for Lease

    • Contact for pricing
      Pending

      Corner Commercial Building in Bettendorf

      Freestanding building with parking and signage on Spruce Hills.
      1989 Spruce Hills Dr, Bettendorf, IA 52722
      View Details
    • Contact for pricing
      29,621 SF

      Modern Office Space For Rent

      Modern office space in Bettendorf, Iowa, built in 2020.
      3480 Glenbrook Cir North, Bettendorf, IA 52722
      View Details
    • $14 SF/Yr
      1,500 SF

      Bettendorf Office Space Available

      Modern Office Suites, 297-1500 sqft
      985 Lincoln Rd, Bettendorf, IA 52722
      View Details
    • $10 SF/Yr
      7,648 SF

      Downtown Bettendorf Flex Space

      7,648 sq ft Flex Space, 15 Parking Spots
      438 16Th St, Bettendorf, IA 52722
      View Details
    • $1.07 SF/Yr
      4,482 SF

      Bettendorf Office Space for Lease

      Modern, renovated office space in prime location.
      2395 Tech Dr, Bettendorf, IA 52722
      View Details
    • $18 SF/Yr
      950 SF

      State Street Commercial Space

      Prime Retail/Office, 950 sq ft
      925 State St, Bettendorf, IA 52722
      View Details
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    Bettendorf, IA 52722
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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