Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2402 E 53Rd St Davenport, IA 52807
    Back to Search
    Property profile & analytics

    2402 E 53Rd St Davenport, IA 52807

    View on Map
    • Strip malls
    • 6,997 SF
    • 0.95 lot acres
    For Lease
    View Listing →
    Davenport Retail Space For Rent For Lease
    Contact for pricing

    Davenport Retail Space For Rent

    Retail space in a lively Davenport location near major shopping.

    2402 E 53rd St, Davenport, IA 52807
    View Listing
    Property ID
    US25-0511097
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maid-Rite / Restaurant
    • Highland Pure Water & Ice / Big Box & Wholesale Store / Distribution Center

    Property Details for 2402 E 53Rd St

    Year built
    1997
    Lot size
    0.95 lot acres
    Property size
    6,997 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    Y0721-01F
    APU
    Y072101F

    Description

    This exceptional retail property at 2402 E 53rd St, Davenport, IA 52807, presents a unique leasing opportunity. The property, a multi-tenant strip center, offers a total of 7,033 square feet, with 4,713 square feet currently vacant. Flexible space options are available, ranging from a minimum of 2,320 square feet to a maximum contiguous space of 4,680 square feet, catering to a variety of business needs. The property boasts ample parking with 45 spaces, ensuring convenient access for customers and employees. Its prominent location provides excellent visibility and accessibility, ideal for attracting significant foot traffic. The building features expansive storefront windows, enhancing brand exposure and creating a welcoming atmosphere. The interior is customizable, allowing for adaptation to specific business requirements. The property sits on a sizable 41,860 square foot lot. This versatile space is perfect for businesses seeking a high-traffic location with ample parking and adaptable layouts in a thriving Davenport commercial area. The modern exterior and amenities create a professional and dynamic environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5411
    Latitude
    41.5752
    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
    $28,250
    $415,530
    $493,650
    $909,180
    -
    $415,530
    $493,650
    $909,180

    Comparable in this City

    • Value Estimation
      $990,000
      27,450 SF

      2660 53rd St

      SHOPPING CENTER, STRIP CENTER • 27,450 SF
      2660 53rd St, Davenport, IA 52807-3873
      View Details
    • Value Estimation
      $1,055,000
      10,332 SF

      4750 53rd St

      SHOPPING CENTER, STRIP CENTER • 10,332 SF
      4750 53rd St, Davenport, IA 52807-3649
      View Details
    • Value Estimation
      $925,000
      10,100 SF

      4860 Utica Rdg Rd

      SHOPPING CENTER, STRIP CENTER • 10,100 SF
      4860 Utica Rdg Rd, Davenport, IA 52807-3056
      View Details
    • Value Estimation
      $2,060,000
      24,106 SF

      5515 Utica Rdg Rd

      SHOPPING CENTER, STRIP CENTER • 24,106 SF
      5515 Utica Rdg Rd, Davenport, IA 52807-3928
      View Details
    • Value Estimation
      $1,455,000
      45,624 SF

      5250 Elmore Ave

      SHOPPING CENTER, STRIP CENTER • 45,624 SF
      5250 Elmore Ave, Davenport, IA 52807-3466
      View Details
    • Value Estimation
      $775,000
      4,883 SF

      3340 Kimberly Rd

      SHOPPING CENTER, STRIP CENTER • 4,883 SF
      3340 Kimberly Rd, Davenport, IA 52807-2648
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,000 SF

      3850 Elmore Ave

      Grocery and convenience stores • 9,000 SF
      3850 Elmore Ave, Davenport, IA 52807
      View Details
    • $4,300,000
      15.25 Acres

      Prime Davenport Commercial Land

      15.25 Acres, High Visibility, $4.3M
      5800 Elmore Ave, Davenport, IA 52807
      View Details
    • $249,900

      Land For Sale Davenport

      Land available east of Brady & 53rd Street intersection.
      525 E 53Rd St, Davenport, IA 52807
      View Details
    • Contact for pricing

      High Visibility Retail Outparcel

      Retail outparcel with high visibility near I-74 and E 53rd Street.
      3551 E 53Rd St, Davenport, IA 52807
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Elmore Avenue

      Retail space available in high-traffic Davenport shopping corridor.
      3876 Elmore Ave, Davenport, IA 52807
      View Details
    • Contact for pricing

      New Retail Space in Davenport

      Shell condition retail space in a newer multi-tenant center.
      4751 Progress Dr, Davenport, IA 52807
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Highly visible endcap space in top retail corridor.
      5255 Elmore Ave, Davenport, IA 52807
      View Details
    • $0.42 SF/Yr
      1,298 SF

      Davenport Office Space For Lease

      Modern Office Suites, Excellent Location
      960 53Rd St, Davenport, IA 52807
      View Details
    • Contact for pricing

      Davenport Retail Space For Rent

      Retail space in a lively Davenport location near major shopping.
      2402 E 53Rd St, Davenport, IA 52807
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2402 E 53Rd St
    Davenport, IA 52807
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2402 E 53Rd St, Davenport, IA, 52807
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!