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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2705 Happy Joe Dr Bettendorf, IA 52722

    • Office buildings
    • 5,977 SF
    • 1.00 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    $770,000
    Cap Rate Potential
    9.2%
    Office buildings
    Location Intelligence
    Property ID
    US25-0657161
    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.

    Current Use by Public Records

    • Happy Joe's Kids Foundation / Foundation
    • Top Notch Grounds Maintenance / Tree Service / Landscaper

    Property Details for 2705 Happy Joe Dr

    Year built
    1985
    Lot size
    1.00 lot acres
    Property size
    5,977 SF
    Property type
    Office buildings
    APN
    842123102
    APU
    842123102

    Description

    This exceptional commercial property, located at 2705 HAPPY JOE Drive in the heart of Bettendorf, presents a unique investment opportunity. The single-tenant office building boasts a total area of 11,954 square feet, thoughtfully divided into two floors of 5,977 square feet each. Its C-1 zoning allows for a variety of commercial uses, making it highly adaptable to diverse business needs. The building's attractive design and versatile layout offer significant potential for a wide range of businesses seeking a prominent location in a thriving community. The property consists of one building with no individual suites, making it ideal for a single occupant seeking ample space. The property's Assessed Parcel Number (APN) is 842123102. This is a rare opportunity to acquire a substantial, well-situated office building in a desirable Bettendorf location. The building's size and layout provide ample room for expansion or customization to meet specific business requirements. Its central location offers excellent accessibility and visibility, ensuring a strong presence within the community. This property is ready for immediate occupancy and presents a compelling investment opportunity for discerning buyers. The property's single-tenant occupancy simplifies management and provides a stable income stream. Serious inquiries are encouraged to explore the full potential of this remarkable commercial property. The property is zoned C-1, offering flexibility for various commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $720,000
      6.5%
      $665,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $842,000
      Market price range: $408k - $1.32M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,050,000
      Current use
      MEDICAL BUILDING
      $1,055,000
      Change: +0% Conversion: Easy
      AUTO REPAIR, GARAGE
      $980,000
      Change: -6% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $925,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bettendorf
    County
    Scott
    State
    Iowa
    Longitude
    -90.4959
    Latitude
    41.5491
    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
    $23,490
    $235,200
    $565,300
    $800,500
    -
    $235,200
    $565,300
    $800,500

    Comparable in this City

    • Value Estimation by Request
      1,416 SF

      2535 Tech Dr Ste, Unit 205

      PROFESSIONAL BUILDING • 1,416 SF
      2535 Tech Dr Ste, Bettendorf, IA 52722-3278
      View Details
    • Value Estimation by Request
      345 SF

      852 Middle Rd Ste, Unit 402

      PROFESSIONAL BUILDING • 345 SF
      852 Middle Rd Ste, Bettendorf, IA 52722-4195
      View Details
    • Value Estimation
      $2,645,000
      17,496 SF

      1805 State St

      OFFICE BUILDING • 17,496 SF
      1805 State St, Bettendorf, IA 52722-4970
      View Details
    • Value Estimation by Request
      484 SF

      2535 Tech Dr, Unit 320

      PROFESSIONAL BUILDING • 484 SF
      2535 Tech Dr, Bettendorf, IA 52722-7603
      View Details
    • Value Estimation by Request
      286 SF

      2535 Tech Dr Ste, Unit 103

      PROFESSIONAL BUILDING • 286 SF
      2535 Tech Dr Ste, Bettendorf, IA 52722-3278
      View Details
    • Value Estimation
      $1,590,000
      11,290 SF

      1900 State St

      PROFESSIONAL BUILDING • 11,290 SF
      1900 State St, Bettendorf, IA 52722-5195
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Versatile Office Space Available

      Office space with open area, private offices, and reception.
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    • Contact for pricing
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      Bettendorf Office Space For Rent

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    2705 Happy Joe Dr
    Bettendorf, IA 52722
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    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
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