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

    4653 Progress Dr Davenport, IA 52807-3483

    • Hotels
    • 29,536 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimations
    $1,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2356886
    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

    • My Place Hotel-Davenport, IA / Extended Stay Hotel / Hotel

    Property Details for 4653 Progress Dr

    Year built
    2017
    Lot size
    1.24 lot acres
    Property size
    29,536 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    N0853B01A
    APU
    N0853B01A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,514,000
      Market price range: $380k - $1.51M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $995,000
      Current use
      AUTO REPAIR, GARAGE
      $2,275,000
      Change: +129% Conversion: Difficult
      RESTAURANT
      $2,230,000
      Change: +125% Conversion: Difficult
      RETAIL STORES
      $1,470,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5182
    Latitude
    41.5686
    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
    $126,474
    $269,780
    $3,625,420
    $3,895,200
    -
    $269,780
    $3,625,420
    $3,895,200

    Comparable in this City

    • Value Estimation
      $2,725,000
      61,364 SF

      5290 Utica Rdg Rd

      HOTEL/MOTEL • 61,364 SF
      5290 Utica Rdg Rd, Davenport, IA 52807-3872
      View Details
    • Value Estimation
      $940,000
      32,053 SF

      5350 Elmore Ave

      HOTEL/MOTEL • 32,053 SF
      5350 Elmore Ave, Davenport, IA 52807-3859
      View Details
    • Value Estimation
      $10,885,000
      47,808 SF

      5315 Elmore Ave

      HOTEL/MOTEL • 47,808 SF
      5315 Elmore Ave, Davenport, IA 52807-3875
      View Details
    • Value Estimation
      $2,330,000
      31,662 SF

      140 55th St

      HOTEL/MOTEL • 31,662 SF
      140 55th St, Davenport, IA 52807-2636
      View Details
    • Value Estimation
      $2,175,000
      51,728 SF

      401 Veterans Memorial Pkwy

      HOTEL/MOTEL • 51,728 SF
      401 Veterans Memorial Pkwy, Davenport, IA 52807-4704
      View Details
    • Value Estimation
      $4,750,000
      56,360 SF

      4729 Progress Dr

      HOTEL/MOTEL • 56,360 SF
      4729 Progress Dr, Davenport, IA 52807-3491
      View Details

    Similar Nearby for Sale

    • 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
    • $6,214,923
      21.95 Acres

      Davenport Commercial Land - 21.95 Acres

      Prime Davenport commercial land, ideal for development.
      0 Elmore Ave, Davenport, IA 52807
      View Details
    • $4,300,000
      15.25 Acres

      Prime Davenport Commercial Land

      15.25 Acres, High Visibility, $4.3M
      5800 Elmore Ave, Davenport, IA 52807
      View Details

    Similar Nearby for Lease

    • $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
    • $21 SF/Yr
      23,282 SF

      Davenport Retail Space - 1,500 SF

      Prime retail space in thriving Davenport location. High visibility, easy I-74 access.
      2940 53Rd St, Davenport, IA 52807
      View Details
    • $30 SF/Yr
      937 SF

      Davenport Retail Space - Prime Location

      937 SF Retail Space, Sublease Available
      5345 Elmore Ave, Davenport, IA 52807
      View Details
    • $9 SF/Yr
      114,000 SF

      Davenport Industrial Complex - 114,000 SF

      Three-building industrial space; I-80/74 access.
      5111 Tremont Ave, Davenport, IA 52807
      View Details
    • $8 SF/Yr
      36,876 SF

      Prime Retail Space - Elmore Ave

      High-traffic retail space, flexible lease options.
      3885 Elmore Ave, Davenport, IA 52807
      View Details
    • Contact for pricing
      4,258 SF

      Office Space Available for Lease

      Office space available for lease in Davenport, Iowa.
      E 52Nd St, Davenport, IA 52807
      View Details
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    4653 Progress Dr
    Davenport, IA 52807-3483
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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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