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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
2906 Central Park Ave Davenport, IA 52804-2674
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-0911653
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
FRAME
Total area
7,776 SF
Lot
0.58 ac (25,220 SF)
APN
O2106-05H
UPID
US25-0911653
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
Current use
Occupant on record · Public records
-
Essential Health, LLC Medical Clinic
-
Dennis S. Hagemann, DC Alternative Medicine Practice
-
KING SPA Alternative Medicine Practice Spa & Massage Center
-
Cove tattoo studio Tattoo & Piercing Shop
-
Hagemann Chiropractic Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$497k
Blend (final)
Blend
$570k
Owner & transaction history
Cge Central Park Plaza INC · 3 yrs held
Cge Central Park Plaza INC
since 2022
Last sale
$610,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$545,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$805,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $610k (Dec 12 2022)
Last sale anchor
$610k
Dec 12 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
$73 / 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
$15,776
Tax year 2023
Assessed value
$575,020
Assessed 2024
Previous assessed
$538,510
+6.8% YoY
Effective rate
2.74%
On assessed value
Assessed land
$75,660
Assessed improvement
$499,360
Land market value
$75,660
Improvement market value
$499,360
Total market value
$575,020
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,776 SF
Lot
0.58 ac (25,220 SF)
APN
O2106-05H
UPID
US25-0911653
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
OFFICE BUILDING Current
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Cge Central Park Plaza INC
Entity
Mailing address
2906 W CENTRAL PARK AVE #15, DAVENPORT, IA 52804-2674
Mailing matches property
Yes
Owner-occupied
Yes
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
Dec 12, 2022
$610,000
Cge Central Park Plaza INC
Jl Real Estate Holdings LLC
Warranty Deed
$427,000 · First National Bank
Feb 16, 2022
—
Jl Real Estate Holdings LLC
—
Deed
related
$358,559 · Blackhawk Bank & Trust
Mar 15, 2018
—
J&l Richard Props LLC
—
Deed
related
$540,000 · Blue Grass Savings Bank
Jun 2, 2017
—
J&l Richard Properties LLC
—
Deed
related
$335,341 · Blackhawk Bank & Trust
Nov 17, 2016
—
J & L Richard Properties LLC
—
Deed
related
$210,000 · Blackhawk Bank & Trust
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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