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

    2902 Indian Rd Davenport, IA 52802

    • Manufacturing properties
    • 7,518 SF
    • 1.22 lot acres
    For Sale
    View listing
    $799,000
    Last Sale
    Oct 24, 2022
    $325,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0974751
    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

    • Manufacturing properties

    Property Details for 2902 Indian Rd

    Year built
    2001
    Construction
    FRAME
    Lot size
    1.22 lot acres
    Property size
    7,518 SF
    Property type
    Manufacturing properties
    APN
    J0030-17C
    APU
    J003017C

    Description

    This Davenport, IA property, located at 2902 INDIAN Road (APN J0030-17C), offers 11,990 square feet of flexible industrial/warehouse space available for lease starting March 1, 2024. The property consists of two buildings situated on a 1.22-acre lot and is zoned M-1. The warehouse space totals approximately 11,072 square feet and includes features such as 17-foot ceilings, forced air and radiant heat, three-phase electric, two overhead doors (one 16x20 and one 10x10 with a concrete dock), and two restrooms. There are also two internal offices, one measuring 72 square feet and the other 156 square feet. The approximately 918 square foot office area features a reception area, small kitchenette, bathroom with shower, and independent heating and air conditioning. The property also benefits from a fenced lot, outdoor storage, and ample space for loading and parking. A 24-hour notice is required for showings. This single-tenant property presents a significant opportunity for businesses seeking versatile industrial space in a convenient location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $290,000
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $323,000
      Market price range: $127k - $323k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $320,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.6236
    Latitude
    41.5169
    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
    $12,402
    $39,970
    $397,100
    $437,070
    -
    $39,970
    $397,100
    $437,070

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $905,000
      35,786 SF

      2923 Rockingham Rd

      MANUFACTURING (LIGHT) • 35,786 SF
      2923 Rockingham Rd, Davenport, IA 52802-2063
      View Details
    • Value Estimation
      $545,000
      60,770 SF

      2935 Rockingham Rd

      MANUFACTURING (LIGHT) • 60,770 SF
      2935 Rockingham Rd, Davenport, IA 52802-2063
      View Details
    • Value Estimation
      $560,000
      26,509 SF

      4712 Buckeye St

      MANUFACTURING (LIGHT) • 26,509 SF
      4712 Buckeye St, Davenport, IA 52802-2313
      View Details
    • Value Estimation
      $290,000
      8,667 SF

      510 Howell St

      MANUFACTURING (LIGHT) • 8,667 SF
      510 Howell St, Davenport, IA 52802-1822
      View Details
    • Value Estimation
      $590,000
      105,868 SF

      1924 Comenitz Dr

      MANUFACTURING (LIGHT) • 105,868 SF
      1924 Comenitz Dr, Davenport, IA 52802-2315
      View Details

    Similar Nearby for Sale

    • $799,000

      Davenport Industrial Property

      Iowa Warehouse & Office Space for Sale
      2902 Indian Rd, Davenport, IA 52802
      View Details
    • $84,500
      0.08 Acres

      Davenport Commercial Property - $84,500

      Prime Davenport location, vacant, flexible space.
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    • $176,000

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      Prime location, versatile 3000+ sq ft.
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    • $350,000
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      Davenport Retail Investment Opportunity

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    • $152,000
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      Davenport Multifamily with Parking Lot

      Davenport multifamily property with parking and storage units.
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    • $1,241,550

      Davenport Farm with Development Potential

      Farm located in Davenport with potential for development.
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    Similar Nearby for Lease

    • $7 SF/Yr
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      Prime Warehouse Space - 930 W 2nd St

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      View Details
    • $4 SF/Yr
      11,190 SF

      Davenport Industrial Property For Lease

      11,990 SF Flex-Industrial Space Available
      2902 Indian Rd, Davenport, IA 52802
      View Details
    • $5 SF/Yr
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      619 N MARQUETTE Street

      Flex space
      619 Marquette St, Davenport, IA 52802
      View Details
    • $12 SF/Yr
      8,780 SF

      Downtown Davenport Commercial Space

      Prime Riverfront Office & Retail Opportunity
      114 Myrtle St, Davenport, IA 52802
      View Details
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    2902 Indian Rd
    Davenport, IA 52802
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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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