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Property profile & analytics
OFF-MARKET Estimated value $990,000
Strip malls

2140 Kimberly Rd Davenport, IA 52806

9,988 SF 5.88 ac lot Built 1989
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US25-0640029
Property summary
AI-generated overview

This exceptional commercial property, located at 2140 W Kimberly Road in Davenport, Iowa, 52806, presents a fantastic opportunity for businesses seeking high visibility and convenient access. The property consists of three buildings situated in a thriving retail center boasting over 20,000 vehicles per day and a strong anchor tenant, Hy-Vee, attracting 26,000 weekly customers. This single-tenant office/retail space totals 1,265 square feet and features an open floor plan, a private office, an in-suite bathroom, and a dedicated storage room. The property is zoned C-3 and benefits from ample parking with approximately 600 stalls. The surrounding area includes a variety of established businesses such as McDonald's, Pizza Hut, Great Clips, Papa Murphy's, Amana Care, Sun Tan City, Athletico Physical Therapy, and T-Mobile, ensuring high foot traffic and customer exposure. The property's location offers excellent accessibility and visibility, making it an ideal location for a growing business. The APN is M1508-17J. This is a single-tenant occupancy property with no additional suites within the building.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Total area 9,988 SF
Lot 5.88 ac (256,258 SF)
APN M1508-17J
UPID US25-0640029
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
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$990k
Owner & transaction history
Realty Income Properties · 7 yrs held
Realty Income Properties
since 2019
2 recorded transactions
2019
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.6M +92.0%
Office building $1.0M +21.1%
Warehouse, storage $870,000 +2.0%
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