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Property profile & analytics
OFF-MARKET
Estimated value
$8,800,000
Retail space
4010 53rd St Davenport, IA 52807-3033
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-1263784
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
118,130 SF
Lot
9.32 ac (405,867 SF)
APN
Y0823-05B
UPID
US25-1263784
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
-
Michaels (Bike/Boat/Book/etc) Store
-
UPS Access Point location Courier Service Postal Service
-
Aaron Brothers (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.05M
Blend (final)
Blend
$8.80M
Owner & transaction history
Bobs Discount Furniture LLC · 1 yrs held
Bobs Discount Furniture LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.0M
+62.4%
Neighborhood: shopping center
$10.1M
+17.6%
Restaurant
$9.3M
+8.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,600,000
Current use
OFFICE BUILDING
$13,970,000
Change: +62% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,115,000
Change: +18% · Conversion: Moderate
RESTAURANT
$9,315,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$8,400,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$8.80M
Range $7.92M – $9.68M · ±10%
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
$74 / 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
$438,166
Tax year 2023
Assessed value
$13,315,570
Assessed 2024
Previous assessed
$13,315,570
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$2,263,040
Assessed improvement
$11,052,530
Land market value
$2,263,040
Improvement market value
$11,052,530
Total market value
$13,315,570
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
118,130 SF
Lot
9.32 ac (405,867 SF)
APN
Y0823-05B
UPID
US25-1263784
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
$8.6M
OFFICE BUILDING
Est. value
$14.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
RESTAURANT
Est. value
$9.3M
WAREHOUSE, STORAGE
Est. value
$8.4M
RETAIL STORES Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
WAREHOUSE, STORAGE
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
1999
Heating
NONE
Stories
1
Lot
9.32 ac
Current owner
From public records · entity-resolved
Bobs Discount Furniture LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5111 UTICA RDG RD, DAVENPORT, IA 52807-3062
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
—
Bobs Discount Furniture LLC
North Ridge Davenport LLC
Deed
—
Apr 21, 2021
$13,900,000
North Ridge Davenport LLC
Lokre Preffred 1 LLC
Special Warranty Deed
$9,035,000 · Wells Fargo Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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