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    Property profile & analytics

    328 59th St Davenport, IA 52807-2619

    • Office buildings
    • 4,176 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Last Sale
    Feb 03, 2025
    $285,000
    Location Intelligence
    Property ID
    US25-0572119
    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

    • Office buildings

    Property Details for 328 59th St

    Year built
    1976
    Lot size
    0.39 lot acres
    Property size
    4,176 SF
    Property type
    Office buildings
    APN
    X1201-07B
    APU
    X120107B

    Description

    This single-tenant industrial flex space, totaling 4,176 square feet, is available for lease with possession on July 1, 2024. Located at 328 E 59th St, Davenport, IA 52807, this Class B building sits on 0.39 acres and offers excellent access to State Hwy 61 (Brady Street) and US I-80. Built in 1976, the one-story building features 1,656 square feet of office space, including a private office, reception area, training room, and two restrooms. The 2,520-square-foot warehouse area boasts three grade-level drive-in doors (two measuring 9'H x 10'W and one 10'W x 9'H), a floor drain, utility sink, and eye wash station. The property includes ten parking spaces. The zoning is I-1. Taxes are $1.25 per square foot. Base rent is $8.00 per square foot net, plus taxes and insurance of $1.60 per square foot. Tenant is responsible for utilities, janitorial services, snow removal, lawn care, dumpster, and general property maintenance. The previous tenant will vacate on June 30, 2024. This property presents a fantastic opportunity for a business seeking efficient and well-located industrial space in Davenport.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $235,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $260,000
      Mixed-Use
      $205,000
      Hospitality
      $225,000
      Educational
      $210,000
      Residential Income
      $200,000
      Energy
      $235,000
      Income-Based Land
      $250,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5702
    Latitude
    41.5802
    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
    $5,362
    $25,230
    $205,850
    $231,080
    -
    $25,230
    $205,850
    $231,080

    Comparable in this City

    • Value Estimation by Request
      0.00 Acres

      2322 Kimberly Rd, Unit BB15

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      View Details
    • Value Estimation by Request
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      2322 Kimberly Rd, Unit BB16

      OFFICE BUILDING • 0.00 Acres
      2322 Kimberly Rd, Davenport, IA 52807-7205
      View Details
    • Value Estimation by Request
      0.00 Acres

      2322 Kimberly Rd, Unit BB19

      OFFICE BUILDING • 0.00 Acres
      2322 Kimberly Rd, Davenport, IA 52807-7205
      View Details
    • Value Estimation by Request
      0.00 Acres

      2322 Kimberly Rd, Unit BB14

      OFFICE BUILDING • 0.00 Acres
      2322 Kimberly Rd, Davenport, IA 52807-7205
      View Details
    • Value Estimation by Request
      0.02 Acres

      2322 Kimberly Rd, Unit BB-2

      OFFICE BUILDING • 0.02 Acres
      2322 Kimberly Rd, Davenport, IA 52807-7205
      View Details
    • Value Estimation by Request
      30,173 SF

      4640 56th St

      OFFICE BUILDING • 30,173 SF
      4640 56th St, Davenport, IA 52807-6500
      View Details

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    328 59th St
    Davenport, IA 52807-2619
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    Realmo Value Estimation

    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.

    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.

    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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