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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4064 53rd St Davenport, IA 52807-3149

    • Grocery and convenience stores
    • 78,951 SF
    • 7.61 lot acres
    OFF-MARKET
    Value Estimations
    $6,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1254102
    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

    • Tesla Supercharger / Electric Vehicle Charging Station
    • Hy-Vee Pharmacy / Herbal Medicine Store / Homeopathic Pharmacy
    • Starbucks / Coffee Shop / Cafe
    • Hy-Vee Wine & Spirits / Liquor Store / Beer Distributor
    • Amanda R. Mull, PharmD / Pharmacy

    Property Details for 4064 53rd St

    Year built
    2002
    Lot size
    7.61 lot acres
    Property size
    78,951 SF
    Property type
    Grocery and convenience stores
    APN
    Y0823-04B
    APU
    Y082304B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,188,000
      Market price range: $2.27M - $12.4M
      AI Estimate
      $4,919,000
      Market price range: $745k - $8.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,750,000
      Current use
      OFFICE BUILDING
      $9,335,000
      Change: +62% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $6,760,000
      Change: +18% Conversion: Moderate
      RESTAURANT
      $6,225,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $5,615,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5138
    Latitude
    41.5767
    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
    $312,862
    $2,040,300
    $7,488,200
    $9,528,500
    -
    $2,040,300
    $7,488,200
    $9,528,500

    Comparable in this City

    • Value Estimation
      $6,285,000
      91,842 SF

      1823 Kimberly Rd

      GROCERY, SUPERMARKET • 91,842 SF
      1823 Kimberly Rd, Davenport, IA 52807-2027
      View Details
    • Value Estimation by Request
      975 SF

      3850 Elmore Ave

      CONVENIENCE STORE • 975 SF
      3850 Elmore Ave, Davenport, IA 52807-2582
      View Details
    • Value Estimation by Request
      5,792 SF

      3527 Spg St

      CONVENIENCE STORE • 5,792 SF
      3527 Spg St, Davenport, IA 52807-2116
      View Details
    • Value Estimation by Request
      3,006 SF

      3545 Eastern Ave

      CONVENIENCE STORE • 3,006 SF
      3545 Eastern Ave, Davenport, IA 52807-2025
      View Details
    • Value Estimation
      $1,315,000
      7,201 SF

      1225 Kimberly Rd

      CONVENIENCE STORE • 7,201 SF
      1225 Kimberly Rd, Davenport, IA 52807-1920
      View Details
    • Value Estimation
      $755,000
      4,092 SF

      5310 Corporate Park Dr

      CONVENIENCE STORE • 4,092 SF
      5310 Corporate Park Dr, Davenport, IA 52807-2992
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,000 SF

      3850 Elmore Ave

      Individual retail properties • 9,000 SF
      3850 Elmore Ave, Davenport, IA 52807
      View Details
    • $2,500,000
      6,720 SF

      Davenport Shopping Center Investment

      Prime Retail, High-Traffic Location
      4730 Elmore Ave, Davenport, IA 52807
      View Details
    • Contact for pricing

      Davenport Office Building - High Visibility

      Prime Davenport Office Space, Ample Parking
      5357 Eastern Ave, Davenport, IA 52807
      View Details
    • $4,300,000
      15.25 Acres

      Davenport Commercial Land - $4.3M

      15-Acre Development Site, High Visibility
      5800 Elmore Ave, Davenport, IA 52807
      View Details
    • $90,000
      0.29 Acres

      Residential Land in Davenport, Iowa

      Prime residential lots near shopping, dining, and entertainment.
      1711 E 59Th Ct, Davenport, IA 52807
      View Details
    • $90,000
      0.28 Acres

      Residential Land in Davenport, Iowa

      Prime residential lots near shopping, dining, and entertainment.
      1807 E 59Th Ct, Davenport, IA 52807
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      6,556 SF

      Davenport Retail Space For Lease

      High-traffic Elmore Ave storefront, 1,175 SF available.
      3876 Elmore Ave, Davenport, IA 52807
      View Details
    • Contact for pricing
      7,033 SF

      Davenport Retail Space Available

      Prime Davenport retail space, flexible layouts.
      2402 53Rd St, Davenport, IA 52807
      View Details
    • $14 SF/Yr
      3,024 SF

      East Davenport Commercial Space

      Prime Office, Retail, Land Opportunity
      3425 Locust St, Davenport, IA 52807
      View Details
    • $2 SF/Yr
      1,850 SF

      Prime Retail Corner in Pheasant Creek

      1,850 SF Retail Space, High Visibility
      2920 53Rd St, Davenport, IA 52807
      View Details
    • Contact for pricing
      90,267 SF

      Kimberly Crossing Retail Center

      Davenport, IA Shopping Center - Spaces Available
      2100 Kimberly Rd, Davenport, IA 52807
      View Details
    • $13 SF/Yr
      5,076 SF

      Davenport Retail Space - 5,076 SF

      High-traffic corner lot retail space. Excellent visibility.
      1150 Kimberly Rd, Davenport, IA 52807
      View Details

    Property Visit Statistics

    • Visits by month
      136.3k
    • Visitors by month
      68.7k
    • Avg Time on site
      25 min
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    Davenport, IA 52807-3149
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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