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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Car washes
2145 Kimberly Rd Davenport, IA 52807-2224
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0517131
Property summary
AI-generated overview
Exceptional investment opportunity: This thriving Pro Clean Car Wash, located at 2145 E Kimberly Rd, Davenport, IA 52807, offers a compelling return. The 12,403 square foot facility sits on a 1.77-acre lot and boasts a strong 6.50% cap rate, generating a net operating income (NOI) of $216,366. Built in 2001 and renovated in 2021, the property is currently operating under a 20-year triple net (NNN) lease, with 15 years remaining, commencing October 24, 2019, and expiring October 31, 2039. The lease includes a corporate guarantee from the operator, eliminating landlord responsibilities. The asking price is $3,328,708, translating to $268.38 per square foot. Annual rent is $216,366 with scheduled 1.50% annual increases. This property qualifies for bonus depreciation, further enhancing its investment appeal. The 100% occupancy rate underscores the consistent demand and profitability of this established car wash business. This is a turnkey investment with significant long-term potential.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2001
Total area
12,412 SF
Lot
1.75 ac (76,230 SF)
APN
N1815-01B
UPID
US25-0517131
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
-
Pro-Clean Car Wash & Detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Exp Wash Re Portfolio Owner I LLC · 3 yrs held
Exp Wash Re Portfolio Owner I LLC
since 2023
Last sale
$3.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+7.2%
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
$2,960,000
ML approach
$2,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,040,000
Current use
MEDICAL BUILDING
$2,185,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10% · vs last sale $2.97M (Jan 26 2023)
Last sale anchor
$2.97M
Jan 26 2023
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
$236 / 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
$50,942
Tax year 2023
Assessed value
$1,576,810
Assessed 2024
Previous assessed
$1,576,810
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$411,640
Assessed improvement
$1,165,170
Land market value
$411,640
Improvement market value
$1,165,170
Total market value
$1,576,810
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2001
Heating
YES
Cooling
NONE
Stories
1
Total area
12,412 SF
Lot
1.75 ac (76,230 SF)
APN
N1815-01B
UPID
US25-0517131
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
AUTO REPAIR, GARAGE Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
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
2001
Heating
YES
Cooling
Yes
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Exp Wash Re Portfolio Owner I LLC
Entity
Mailing address
902 CARNEGIE CTR STE #520, PRINCETON, NJ 08540-6531
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
$2,970,000
Exp Wash Re Portfolio Owner I LLC
Scf Rc Funding IV LLC
Special Warranty Deed
$28,938,162 · Scf Rc Funding IV LLC
Aug 21, 2018
—
Borg Properties INC
—
Deed
related
$2,208,000 · First Midwest 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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