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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
3462 State St, Bettendorf, IA 52722-6433
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-0486247
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
9,000 SF
Lot
1.16 ac (50,486 SF)
APN
842735802
UPID
US25-0486247
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
-
Miller Repair Services Auto Repair Shop
-
Quad City Roll Off Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$865k
Owner & transaction history
Pigeon Creek Properties LLC · 3 yrs held
Pigeon Creek Properties LLC
since 2023
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+94.5%
Commercial (general)
$1.1M
+48.4%
Restaurant
$1.0M
+42.1%
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 Bettendorf submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bettendorf 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
$1,070,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$715,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,395,000
Change: +94% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,065,000
Change: +48% · Conversion: Difficult
RESTAURANT
$1,020,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$845,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $850k (Jun 5 2023)
Last sale anchor
$850k
Jun 5 2023
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
$96 / 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
$21,220
Tax year 2023
Assessed value
$770,700
Assessed 2024
Previous assessed
$770,700
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$250,400
Assessed improvement
$520,300
Land market value
$250,400
Improvement market value
$520,300
Total market value
$770,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
NONE
Buildings
2
Stories
1
Total area
9,000 SF
Lot
1.16 ac (50,486 SF)
APN
842735802
UPID
US25-0486247
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
WAREHOUSE, STORAGE Current
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$845,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1984
Heating
NONE
Stories
1
Buildings
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Pigeon Creek Properties LLC
Entity
Mailing address
PO BOX 292, BETTENDORF, IA 52722-0005
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
$850,000
Pigeon Creek Properties LLC
Sheryl S Van Pelt
Warranty Deed
$847,500 · Blackhawk Bank & Trust
Apr 23, 2015
—
Sheryl S Van Pelt
Sheryl S Van Pelt
Warranty Deed
related
—
Feb 12, 2015
—
Sheryl S Vanpelt
Estate Of Tunis C Van Pelt
Legal Action/court Order
related
—
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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