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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Hotels
3202 Kimberly Rd Davenport, IA 52807-2510
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-1145269
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1989
Construction
FRAME
Total area
29,414 SF
Lot
1.1 ac (47,937 SF)
APN
N1715-05
UPID
US25-1145269
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
-
Genesis Physical Therapy, Davenport HealthPlex Hospital
-
Days Inn & Suites by Wyndham Davenport East Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.54M
Owner & transaction history
Akshay Patel Corporation · 1 yrs held
Akshay Patel Corporation
since 2025
Last sale
$2.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+240.7%
Commercial (general)
$3.2M
+218.6%
Medical building
$3.1M
+214.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,460,000
6.5%
$2,270,000
7%
$2,110,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,370,000
Change: +241% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,150,000
Change: +219% · Conversion: Difficult
MEDICAL BUILDING
$3,105,000
Change: +214% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,550,000
Change: +158% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,265,000
Change: +129% · Conversion: Difficult
RESTAURANT
$2,220,000
Change: +125% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±10% · vs last sale $2.68M (Apr 2 2025)
Last sale anchor
$2.68M
Apr 2 2025
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
$86 / 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
$51,306
Tax year 2023
Assessed value
$1,587,570
Assessed 2024
Previous assessed
$1,587,570
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$191,750
Assessed improvement
$1,395,820
Land market value
$191,750
Improvement market value
$1,395,820
Total market value
$1,587,570
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
29,414 SF
Lot
1.1 ac (47,937 SF)
APN
N1715-05
UPID
US25-1145269
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
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
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
1989
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Akshay Patel Corporation
Entity
Mailing address
3202 E KIMBERLY RD, DAVENPORT, IA 52807-2510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
—
Akshay Patel Corporation
Mercury LLC
Warranty Deed
$802,500 · Midwest Bank
Jul 2, 2025
$2,675,000
Akshay Patel Corporation
Mercury LLC
Warranty Deed
$1,337,500 · Midwest Bank
May 30, 2019
$2,000,000
Mercury LLC
Ank Hospitality LLC
Warranty Deed
$2,165,000 · Walcott Trust & Savings Bank
May 30, 2019
—
Mercury LLC
—
Deed
related
$2,165,000 · Walcott Trust & Savings Bank
Jul 10, 2017
—
Ank Hospitality LLC
—
Deed
related
$809,364 · Ih Mississippi Valley Cu
Jul 27, 2006
$1,600,000
Ank Hospitality L L C
Heritage Asset Mgmt Of Davenport In
Warranty Deed
$1,127,200 · Ih Mississippi Valley Cu
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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