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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
2348 Cumberland Sq Dr, Bettendorf, IA 52722
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0712939
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
FRAME
Total area
6,160 SF
Lot
0.63 ac (27,573 SF)
APN
8421052041
UPID
US25-0712939
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
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$313k
Blend (final)
Blend
$515k
Owner & transaction history
Kgrd Green Bay LLC · 2 yrs held
Kgrd Green Bay LLC
since 2023
Last sale
$503,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$730,000
+48.4%
Restaurant
$695,000
+42.1%
Retail stores
$580,000
+18.1%
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 Bettendorf submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bettendorf 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
$635,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$490,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +48% · Conversion: Difficult
RESTAURANT
$695,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $503k (Aug 22 2023)
Last sale anchor
$503k
Aug 22 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
$84 / 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
$9,946
Tax year 2023
Assessed value
$406,500
Assessed 2024
Previous assessed
$406,500
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$165,400
Assessed improvement
$241,100
Land market value
$165,400
Improvement market value
$241,100
Total market value
$406,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
NONE
Stories
1
Total area
6,160 SF
Lot
0.63 ac (27,573 SF)
APN
8421052041
UPID
US25-0712939
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
WAREHOUSE, STORAGE Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RESTAURANT
Est. value
$695,000
RETAIL STORES
Est. value
$580,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2000
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Kgrd Green Bay LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1805 STATE ST STE #101, BETTENDORF, IA 52722-4978
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
Kgrd Green Bay LLC
—
Deed
related
$1,369,919 · Heartland Bank & Trust Co
Aug 22, 2023
$503,000
Kgrd Green Bay LLC
Visionary Bootcamp LLC
Warranty Deed
—
Oct 3, 2022
—
Visionary Bootcamp LLC
Cs Fitness LLC
Quit Claim Deed
related
$296,000 · Bankorion
Jan 29, 2015
$390,000
Cs Fitness LLC
B L B LLC
Warranty Deed
$390,000 · Bankorion
Jul 26, 2012
$400,000
Blb LLC
Cumberland Times LLC
Corporation Deed
$320,000 · Quad City Bank & Trust Co
Mar 24, 2009
$380,000
Cumberland Times Lc
Larry L Junis
Warranty Deed
$304,000 · Valley Bank
Jun 14, 2005
—
Larry L Junis
Cumberland Square Phase II L C
Quit Claim 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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