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Property profile & analytics
OFF-MARKET
Estimated value
$8,445,000
Retail space
3860 Elmore Ave Davenport, IA 52807-2591
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0609957
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Total area
69,639 SF
Lot
7.02 ac (305,595 SF)
APN
N1709A01
UPID
US25-0609957
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
-
fi.d.o (Bike/Boat/Book/etc) Store Pet Store & Service
-
Petco Dog Training Animal Training
-
Petco Grooming Pet Grooming Service
-
Hy-Vee Regional Bakery Warehouse & Storage
-
Petco (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.72M
CAP Approach
CAP
$10.35M
Comparable Approach
Comparable
$5.47M
Blend (final)
Blend
$8.45M
Owner & transaction history
Elmore Ave LLC · 3 yrs held
Elmore Ave LLC
since 2023
Last sale
$8.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.3M
+142.1%
Auto repair, garage
$11.4M
+125.8%
Office building
$8.2M
+62.4%
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
$8,330,000
ML approach
$8,715,000
CAP Approach
CAP Return
Estimation
6%
$11,210,000
6.5%
$10,350,000
7%
$9,610,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,070,000
Current use
MEDICAL BUILDING
$12,275,000
Change: +142% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,445,000
Change: +126% · Conversion: Difficult
OFFICE BUILDING
$8,235,000
Change: +62% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,965,000
Change: +18% · Conversion: Moderate
RESTAURANT
$5,490,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$8.45M
Range $7.60M – $9.29M · ±10% · vs last sale $8.37M (Jan 13 2023)
Last sale anchor
$8.37M
Jan 13 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
$121 / 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
$144,620
Tax year 2023
Assessed value
$7,254,530
Assessed 2024
Previous assessed
$7,105,690
+2.1% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,859,110
Assessed improvement
$5,395,420
Land market value
$1,859,110
Improvement market value
$5,395,420
Total market value
$7,254,530
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
69,639 SF
Lot
7.02 ac (305,595 SF)
APN
N1709A01
UPID
US25-0609957
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
RETAIL STORES Current
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$11.4M
OFFICE BUILDING
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
RESTAURANT
Est. value
$5.5M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.02 ac
Current owner
From public records · entity-resolved
Elmore Ave LLC
Entity
Mailing address
5111 UTICA RDG RD, DAVENPORT, IA 52807-3062
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$8,365,000
Elmore Ave LLC
Me Elmore 1 LLC
Special Warranty Deed
$5,855,000 · Availa Bank
Feb 21, 2022
—
Hy Vee INC
Me Elmore 1 LLC
Lease
—
Nov 14, 2007
$6,300,000
Me Elmore 1 LLC
Town & Country Super Markets INC
Warranty Deed
—
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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