Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3053 Research Pkwy Davenport, IA 52806-9320

    • Manufacturing properties
    • 51,000 SF
    • 6.56 lot acres
    OFF-MARKET
    Value Estimations
    $2,715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1360285
    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

    • Roemer Machine / Industrial Manufacturer

    Property Details for 3053 Research Pkwy

    Year built
    2012
    Lot size
    6.56 lot acres
    Property size
    51,000 SF
    Property type
    Manufacturing properties
    APN
    W3321C02
    APU
    W3321C02

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,838,000
      Market price range: $1.58M - $3.32M
      AI Estimate
      $2,848,000
      Market price range: $1.09M - $3.11M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,160,000
      Current use
      WAREHOUSE, STORAGE
      $4,455,000
      Change: +106% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,365,000
      Change: +102% Conversion: Difficult
      RESTAURANT
      $4,020,000
      Change: +86% Conversion: Difficult
      RETAIL STORES
      $3,715,000
      Change: +72% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.6153
    Latitude
    41.6041
    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
    $136,112
    $299,580
    $4,004,890
    $4,304,470
    -
    $299,580
    $4,004,890
    $4,304,470

    Comparable in this City

    • Value Estimation
      $3,430,000
      180,384 SF

      807 Kimberly Rd

      MANUFACTURING (LIGHT) • 180,384 SF
      807 Kimberly Rd, Davenport, IA 52806-5706
      View Details
    • Value Estimation by Request
      3,600 SF

      17154 214th St

      MANUFACTURING (LIGHT) • 3,600 SF
      17154 214th St, Davenport, IA 52806-9359
      View Details
    • Value Estimation by Request
      99,305 SF

      8900 Harrison St

      MANUFACTURING (LIGHT) • 99,305 SF
      8900 Harrison St, Davenport, IA 52806-7323
      View Details
    • Value Estimation by Request
      4,288 SF

      3817 Hickory Grv Rd

      MANUFACTURING (LIGHT) • 4,288 SF
      3817 Hickory Grv Rd, Davenport, IA 52806-3311
      View Details
    • Value Estimation
      $805,000
      33,720 SF

      3020 Hickory Grv Rd

      MANUFACTURING (LIGHT) • 33,720 SF
      3020 Hickory Grv Rd, Davenport, IA 52806-3331
      View Details
    • Value Estimation
      $3,515,000
      74,812 SF

      8700 Hillandale Rd

      MANUFACTURING (LIGHT) • 74,812 SF
      8700 Hillandale Rd, Davenport, IA 52806-9619
      View Details

    Similar Nearby for Sale

    • $299,500
      2.50 Acres

      Davenport Warehouse Land - $299,500

      2.5-acre commercial warehouse lot, prime location.
      150 59Th St, Davenport, IA 52806
      View Details
    • $275,000

      Davenport Warehouse Land Investment

      Prime Iowa land: build your business.
      1320 Kimberly Rd, Davenport, IA 52806
      View Details
    • $551,034
      2.53 Acres

      Davenport Industrial Land - 2.53 Acres

      Prime Davenport industrial land, I-1 zoning.
      0 Brady St, Davenport, IA 52806
      View Details
    • Contact for pricing
      25.00 Acres

      Davenport Industrial Land - 25 Acres

      Prime Iowa industrial land, ±25 acres, build-to-suit potential.
      0 Slopertown Rd, Davenport, IA 52806
      View Details
    • $90,000
      1.11 Acres

      Davenport Multi-Family Development Lots

      Prime 1.11-acre infill site, multi-family zoning.
      72Nd St, Davenport, IA 52806
      View Details
    • $2,739,000
      15.72 Acres

      Davenport Commercial Land - 15 Acres

      Prime Davenport location, 15.72 acres, C-2 zoning. High development potential.
      0 76Th 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.
      200 90Th St, Davenport, IA 52806
      View Details
    • $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
    • $3 SF/Yr
      15,552 SF

      1500 W 76th Street Industrial Space

      Single-tenant industrial warehouse, 15,552 sq ft.
      1500 76Th St, Davenport, IA 52806
      View Details
    • Contact for pricing
      4,157,346 SF

      Russell Industrial Park: Davenport Warehouses

      Class A Warehouses, 836,920 SF Available
      8730 Northwest Blvd, Davenport, IA 52806
      View Details
    • $8 SF/Yr
      17,000 SF

      Davenport Warehouse: 17,000 SF

      Modern Davenport warehouse, 17,000 sq ft, ideal for contractors.
      7205 Hancock Ct, Davenport, IA 52806
      View Details
    • $7 SF/Yr
      10,536 SF

      Davenport Industrial Warehouse Space

      10,536 SF Warehouse, Iowa, Single Tenant
      5920 Tremont Ave, Davenport, IA 52806
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3053 Research Pkwy
    Davenport, IA 52806-9320
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.