2815 53rd St Davenport, IA 52807-3010
Property Lookup
Property profile & analytics
2815 53rd St Davenport, IA 52807-3010
- Strip malls
- 7,796 SF
- 1.25 lot acres
Property ID
US25-0136075
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.
Location Intelligence
Current Use by Public Records
- MISSION BBQ / Restaurant
Property Details for 2815 53rd St
- Year built
- 2021
- Lot size
- 1.25 lot acres
- Property size
- 7,796 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- N0712A05
- APU
- N0712A05
Description
This exceptional retail investment property, located at 2815 E 53rd St, Davenport, IA 52807, presents a compelling opportunity for discerning investors. The 7,600 square foot property boasts a 100% occupancy rate, anchored by two prominent national tenants: Mattress Firm and Mission BBQ. Both tenants are operating under a triple-net (NNN) lease structure with a remaining lease term of 10 years, providing significant long-term stability and predictable cash flow. The lease agreement includes a 10% rent increase every five years, ensuring consistent growth in rental income. Built in 2022, this high-quality construction minimizes landlord responsibilities. The property enjoys a prime location at a signalized intersection with high daily traffic counts (40,600 cars/day), benefiting from easy access to major interstates I-74 and I-80. Its strategic position within a thriving regional retail hub, directly across from a new Costco and surrounded by other major retailers such as Target, Walmart, and numerous others, guarantees high visibility and substantial foot traffic. The property serves a densely populated area with strong average household incomes exceeding $127,000 within a one-mile radius, a large daytime population of over 71,500 employees, and a significant student population. The property's strong demographics, coupled with its strategic location and long-term leases, make it an attractive investment with a 7.00% cap rate and a net operating income (NOI) of $264,800. The asking price is $3,785,000. Proximity to major amenities, including a hospital and casino, further enhances its appeal. This is a rare opportunity to acquire a high-performing, multi-tenant retail property in a rapidly growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,026,000
Market price range: $320k - $1.03M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $670,000 Current use
- MEDICAL BUILDING
- $1,375,000 Change: +106% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,280,000 Change: +92% Conversion: Difficult
- OFFICE BUILDING
- $920,000 Change: +38% Conversion: Moderate
- RESTAURANT
- $615,000 Change: -8% Conversion: Difficult
- RETAIL STORES
- $570,000 Change: -15% Conversion: Easy
- WAREHOUSE, STORAGE
- $555,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Scott
- State
- Iowa
- Longitude
- -90.5325
- Latitude
- 41.5743
- 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
$75,270
$762,300
$1,532,790
$2,295,090
-
$762,300
$1,532,790
$2,295,090
