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

    4626 Progress Dr Ste A Davenport, IA 52807-3485

    • Medical offices
    • 1,504 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    5.6%
    Medical offices
    Location Intelligence
    Property ID
    US25-0486306
    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

    • Snyder Thomas J DO / Internist
    • Rupa R. Bontu, MD / Internist
    • Dr. Naveen Kanathur MD / Sleep Clinic / Pulmonologist
    • Trinity Bettendorf Internal / Medical Clinic
    • Radhika N Kolla, MD / Internist

    Property Details for 4626 Progress Dr Ste A

    Year built
    2004
    Lot size
    0.15 lot acres
    Property size
    1,504 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    N0853-01B
    APU
    N085301B

    Description

    This exceptional 1,196 square foot medical office condo is situated in the desirable Terrace Ridge Medical Park in Davenport, Iowa. Located at 4626 Progress Drive, zip code 52807, this single-story building offers a convenient and highly visible location, boasting ample front door parking for patients and staff. The space itself is well-appointed and ready for immediate occupancy, featuring multiple exam rooms, a private office, a restroom, and a comfortable waiting area. The property benefits from large monument and on-door signage opportunities, enhancing visibility and brand recognition. This is a single-building, single-story property totaling 9,296 square feet on a 0.15-acre lot, zoned C-2. The building is part of a multi-tenant complex, offering a collaborative environment. Its strategic location next to Unity Point Hospital provides exceptional access to a large patient base. The space is available for lease beginning December 1st, 2023. This is an ideal opportunity for medical professionals seeking a well-established and easily accessible location in a thriving medical community within Scott County. The property's features and location make it a highly attractive investment for those seeking a turnkey medical office solution.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $330,000
      Market price range: $142k - $374k
      AI Estimate
      $198,000
      Market price range: $64.4k - $257k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $265,000
      Current use
      AUTO REPAIR, GARAGE
      $245,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5184
    Latitude
    41.5695
    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
    $9,294
    $25,420
    $328,240
    $353,660
    -
    $25,420
    $328,240
    $353,660

    Comparable in this City

    • Value Estimation
      $340,000
      10,006 SF

      5510 Utica Rdg Rd

      MEDICAL BUILDING • 10,006 SF
      5510 Utica Rdg Rd, Davenport, IA 52807-2946
      View Details
    • Value Estimation
      $330,000
      4,497 SF

      5108 Jersey Rdg Rd, Unit 2

      MEDICAL BUILDING • 4,497 SF
      5108 Jersey Rdg Rd, Davenport, IA 52807-3133
      View Details
    • Value Estimation
      $425,000
      2,487 SF

      5335 Eastern Ave, Unit 1

      MEDICAL BUILDING • 2,487 SF
      5335 Eastern Ave, Davenport, IA 52807-2788
      View Details
    • Value Estimation
      $355,000
      2,618 SF

      4624 Progress Dr Ste C

      MEDICAL BUILDING • 2,618 SF
      4624 Progress Dr Ste C, Davenport, IA 52807-3490
      View Details
    • Value Estimation
      $860,000
      1,128 SF

      4626 Progress Dr Ste B

      MEDICAL BUILDING • 1,128 SF
      4626 Progress Dr Ste B, Davenport, IA 52807-3485
      View Details
    • Value Estimation
      $325,000
      1,860 SF

      4624 Progress Dr E E Ste

      MEDICAL BUILDING • 1,860 SF
      4624 Progress Dr E E Ste, Davenport, IA 52807-3490
      View Details

    Similar Nearby for Sale

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      Davenport Office Complex: Prime Location

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    • $1,202,260
      2.76 Acres

      Davenport Commercial Land - 2.76 Acres

      Prime Davenport commercial land, I-80/I-74 visibility.
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      Davenport Commercial Land - Prime Location

      31.68 Acres, Excellent Visibility, High-Growth Area
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      View Details

    Similar Nearby for Lease

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      Davenport Medical Office Building

      Prime Medical Suites Available Now
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      View Details
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    • $13 SF/Yr
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      Davenport Retail Space - 5,076 SF

      High-traffic corner lot retail space. Excellent visibility.
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    • $9 SF/Yr
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      Davenport Industrial Complex - 114,000 SF

      Three-building industrial space; I-80/74 access.
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    • Contact for pricing
      4,258 SF

      Office Space Available for Lease

      Office space available for lease in Davenport, Iowa.
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    • $14 SF/Yr
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      Coventry II Office Space For Sale

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      View Details
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    4626 Progress Dr Ste A
    Davenport, IA 52807-3485
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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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