Technical
Financial
Distress signals
Property profile

3717 Fairmount St Davenport, IA 52806

OFF-MARKET
Mobile home & RV parks
Property ID
US25-0482682
5.32 ac lot Built 1960
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3.71-acre commercial lot is situated at the highly visible, signalized intersection of Fairmount Street and Hickory Grove Road in Davenport, Iowa. Located directly west of a Super Walmart, this property boasts impressive visibility and accessibility. The lot is zoned C-2, ensuring a wide range of development possibilities. With an approximate daily traffic count of 20,000 vehicles, this location offers unparalleled exposure for businesses. The property is ideally suited for a variety of commercial uses, including retail, restaurants, offices, convenience stores, or other service-related establishments. This prime location benefits from its position within both the Urban Renewal Tax Increment Financing (URTE) and Opportunity Corridor Tax Increment Financing (OCT) areas, making it eligible for city tax exemptions and incentives. The asking price has been reduced to $275,000. The seller is also willing to subdivide the property into two 1.855-acre lots, providing flexibility for potential buyers. This is a rare opportunity to acquire a strategically located commercial parcel in a thriving area of Davenport. The property's size, zoning, and location combine to create an exceptional investment opportunity. Don't miss out on this chance to secure a prominent location in a high-traffic area with significant development potential. The zip code is 52806.

Property profile

Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Year built 1960
Lot 5.32 ac (231,609 SF)
APN O1633-10C
UPID US25-0482682

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Landscaping General Contractor

Location

3717 Fairmount St Davenport, IA 52806-3352
Davenport metro Census 12000 DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.23M

Owner & transaction history

since 2021
Last sale
$1.2M
1 recorded transaction
2021
$1.2M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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