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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Warehouses
2404 Lincoln Ave Davenport, IA 52804
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0938170
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Total area
6,300 SF
Lot
1.86 ac (81,045 SF)
APN
O2112A11
UPID
US25-0938170
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
$1.04M
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$1.04M
Owner & transaction history
Brighthouse Life Insurance Company · 3 yrs held
Brighthouse Life Insurance Company
since 2022
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+147.9%
Auto repair, garage
$1.0M
+131.2%
Office building
$655,000
+45.8%
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
$1,030,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,110,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,035,000
Change: +131% · Conversion: Easy
OFFICE BUILDING
$655,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.15M (Mar 30 2022)
Last sale anchor
$1.15M
Mar 30 2022
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
$164 / 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
$23,558
Tax year 2023
Assessed value
$768,280
Assessed 2024
Previous assessed
$768,280
+0.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$121,570
Assessed improvement
$646,710
Land market value
$121,570
Improvement market value
$646,710
Total market value
$768,280
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
3
Stories
1
Total area
6,300 SF
Lot
1.86 ac (81,045 SF)
APN
O2112A11
UPID
US25-0938170
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
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$655,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE 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
2002
Heating
NONE
Stories
1
Buildings
3
Lot
1.86 ac
Current owner
From public records · entity-resolved
Brighthouse Life Insurance Company
Entity
Mailing address
2751 S DIXIE HWY #450, WEST PALM BEACH, FL 33405-1233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
Brighthouse Life Insurance Company
Sroa 2404 N Lincoln Ia LLC
Assignment Of Lease (leasehold Sale)
$148,200,000 · Brighthouse Financial
Mar 30, 2022
—
Sroa 2501 N Lincoln Ia LLC
U S A No 3 INC
Quit Claim Deed
related
—
Mar 30, 2022
$1,150,000
Sroa 2404 N Lincoln Ia LLC
U S A No 3 INC
Warranty Deed
—
Dec 10, 2007
$480,000
USA No 3 INC
Robert W Jones
Warranty Deed
—
Dec 10, 2007
—
Jeffrey S Jones
Robert W Jones
Intrafamily Transfer
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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