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

    2940 73rd St Davenport, IA 52806-1010

    • Office buildings
    • 22,988 SF
    • 8.82 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2024
    $4,300,000
    Value Estimations
    $4,280,000
    Show details
    Cap Rate Potential
    6.5%
    Office buildings
    Location Intelligence
    Property ID
    US25-0671765
    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

    • Saia LTL Freight / Trucking Company / Logistics Service
    • Interstate Moving Davenport / Mover

    Property Details for 2940 73rd St

    Year built
    1975
    Lot size
    8.82 lot acres
    Property size
    22,988 SF
    Property type
    Office buildings
    APN
    W0405A01A
    APU
    W0405A01A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,285,000
      ML approach
      $4,190,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,635,000
      6.5%
      $4,280,000
      7%
      $3,970,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,050,000
      AUTO REPAIR, GARAGE
      $3,780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.6187
    Latitude
    41.5956
    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
    $54,444
    $480,250
    $1,199,960
    $1,680,210
    -
    $480,250
    $1,199,960
    $1,680,210

    Comparable in this City

    • Value Estimation by Request
      11,996 SF

      7440 Vine St Ct

      OFFICE BUILDING • 11,996 SF
      7440 Vine St Ct, Davenport, IA 52806-1358
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    • Value Estimation by Request
      51,094 SF

      3402 Hickory Grv Rd

      OFFICE BUILDING • 51,094 SF
      3402 Hickory Grv Rd, Davenport, IA 52806-3305
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    • Value Estimation by Request
      86,976 SF

      5300 Kimberly Rd

      OFFICE BUILDING • 86,976 SF
      5300 Kimberly Rd, Davenport, IA 52806-7126
      View Details
    • Value Estimation
      $1,090,000
      67,839 SF

      100 Kimberly Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 67,839 SF
      100 Kimberly Rd, Davenport, IA 52806-5924
      View Details
    • Value Estimation
      $405,000
      1,809 SF

      5112 Fairmount St

      OFFICE BUILDING • 1,809 SF
      5112 Fairmount St, Davenport, IA 52806-7000
      View Details
    • Value Estimation
      $375,000
      7,600 SF

      225 35th St

      OFFICE BUILDING • 7,600 SF
      225 35th St, Davenport, IA 52806-6119
      View Details

    Similar Nearby for Sale

    • $850,000
      7,400 SF

      Office and Training Center Building

      Office building with training center near Business Route 61.
      3709 North Harrison St, Davenport, IA 52806
      View Details
    • $6,190,000
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      Prime Davenport Executive Office Building

      20,836 SF Office Building, $6.19M
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    • $1,700,000
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      Prime Retail Space Available Now

      5,400 SF Standalone Retail Building
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    • $800,000
      1.02 Acres

      High-Visibility Davenport Restaurant Site

      1.02-Acre Commercial Property, Vacant
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    • $365,000
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      Davenport Office Building - $365K

      Prime Davenport office building, vacant, 4800 sq ft.
      2324 63Rd St, Davenport, IA 52806
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    • $975,000
      7,400 SF

      Davenport Office Building - $975K

      7,400 SF Vacant Office Building in Iowa
      3709 Harrison St, Davenport, IA 52806
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      104,980 SF

      Prime Industrial Campus: 90th St.

      Large industrial campus; flexible office & land.
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      Walnut Center Office Suite for Sale

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    • Contact for pricing
      234,224 SF

      Kimberly Road Retail Center

      Prime Retail Space, Multiple Units Available
      902 Kimberly Rd, Davenport, IA 52806
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    • $13 SF/Yr
      87,809 SF

      Walnut Center: Davenport Office Space

      Prime Davenport Office, Flexible Suites Available
      4711 Brady St, Davenport, IA 52806
      View Details
    • $9 SF/Yr
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      Brady Street Office Space for Lease

      Prime Office Building, Multiple Suites Available
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    • $14 SF/Yr
      18,627 SF

      Davenport IA Commercial Building

      18,627 SF Flex Space - Lease/Sale
      3711 Harrison St, Davenport, IA 52806
      View Details
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    2940 73rd St
    Davenport, IA 52806-1010
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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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