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Property profile & analytics
OFF-MARKET
Estimated value
$5,830,000
Super regional malls
320 Kimberly Rd Davenport, IA 52806-5920
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-1101895
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1973
Total area
197,415 SF
Lot
19.69 ac (857,609 SF)
APN
P1405-05A
UPID
US25-1101895
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
-
francesca's Clothing & Fashion Store
-
Icing (Bike/Boat/Book/etc) Store
-
Banter by Piercing Pagoda (Bike/Boat/Book/etc) Store
-
H&M Clothing Store Children'S Clothing Store
-
Torrid Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.11M
Blend (final)
Blend
$5.83M
Owner & transaction history
Higbee West Main LP · 2 yrs held
Higbee West Main LP
since 2023
Last sale
$5.8M
4 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
$6,030,000
ML approach
$5,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.83M
Range $5.25M – $6.41M · ±10% · vs last sale $5.77M (Aug 13 2021)
Last sale anchor
$5.77M
Aug 13 2021
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
$30 / 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
$206,846
Tax year 2023
Assessed value
$6,179,750
Assessed 2024
Previous assessed
$6,179,750
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$2,768,800
Assessed improvement
$3,410,950
Land market value
$2,768,800
Improvement market value
$3,410,950
Total market value
$6,179,750
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1973
Heating
NONE
Stories
2
Total area
197,415 SF
Lot
19.69 ac (857,609 SF)
APN
P1405-05A
UPID
US25-1101895
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
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
2
Lot
19.69 ac
Current owner
From public records · entity-resolved
Higbee West Main LP
Entity
Free & Clear · 2 yrs held
Mailing address
6501 LEGACY DR, PLANO, TX 75024-4161
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
—
Higbee West Main LP
The Higbee Company
Deed
related
—
Aug 13, 2021
$5,770,000
Penney Property Sub Holdings LLC
J C Penney Properties LLC
Special Warranty Deed
—
Apr 20, 2021
—
Macerich North Park Mall LLC
—
Deed
related
$700,000,000 · Deutsche Bank National Trust Co
Apr 23, 2019
—
Tf Davenport Ia LLC
—
Deed
related
$999,999,999 · Hps Investments Ptnrs
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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